Topics on Today’s Episode:
Right Way to Raise Capital: At a lower cost than other syndicators.
Majority of Money: 90% invested in stocks, mutual funds, and bonds; $4 trillion sits in 401(k) market.
Identify and supply what your investors want and need.
Secured Asset: Based on cash flow, deployment, and additional tax benefits.
Integrity Properties: Return of capital via stability, consistency, and passivity.
How to Scale: Copy blueprint to be bigger and do more wholesaling, flipping.
Get Educated vs. Get Deals: Learn about underwriting, how to manage deals, and talk to property managers.
Mentor’s Advice: Money is not in the deal; money is in the money.
Big Vision, Big Ideas, Big Dreams: Bring deals, find sponsors, perform as promised, and find more deals.
At-risk Relationships: Deploy money into dependable sponsors with integrity, track record, and processes.
Searching for Steven: Full-time deal maker with access to stock market alternative to raise capital.
Only sell away what the broker has and recommends to sell; traditional brokerage firms only do liquid real estate that can be traded in open market.
401(k) Reform: Allows brokers to sell annuities for people to be paid annually; people can self-direct raw individual retirement accounts (IRAs) to their 401(k).
Know, Like, and Trust: Set expectations and overdeliver.
Why you do what you do: Not just about money, but changing/impacting others.
Learn from Failures/Blind Spots: Be honest with yourself; grow stronger, not weaker; and partner with people to help fill gaps.