MassivePassiveRadio.com

Sponsors:

Bullet Points

Summary

Connections and relationships are the most important aspect of your real estate investing career. It’s often said that your net worth is equal to your network. NOW is the time to develop your Key Performance Indicators (KPIs) for your personal and professional health in 2022.

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MassivePassiveRadio.com

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MassivePassiveRadio.com

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MassivePassiveRadio.com

See omnystudio.com/listener for privacy information.

MassivePassiveRadio.com

Sponsors:

Bullet Points

Summary

It’s important to have reliable resources during your real estate investing career. Pat introduced today’s sponsoring vendors, and the entire team talked about how to finance the purchase and rehab of investment properties. Other vendors calling in to the show were Larry Moak, The Lone Star Tree Czar, and Clint Yates of Integrity Mortgage Group. Finally, Ray talked about his upcoming creative financing class on September 25th.

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01:20 – James moment of silence honoring victims and first responders of 9/11/2001

14:30 – James talks about networking

22:50 – James talks about partnerships

27:42 – James breaks down the KALM acronym

31:50 – James talks about evaluating properties (ARV and cost of repairs)

34:10 – James talks about what to look for when walking properties

35:50 – Benita Stanford, Castle Keys of Texas, specializing in master leasing and property
management

40:45 – Tom Pike discussing the time value of money

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11:10 – James talks about the continuing the discussion of using creative financing and buying subject-to

19:40 – Ray talks about negotiating

24:00 – James talks about upcoming events

25:20 – Ray talks to Tom Stinson, Goosehead Insurance Agency

41:00 – Ray’s dos and don’ts while buying subject-to

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11:00 – Dewey Wayne, Lifevestors – Lender for Investors

14:30 – Ray and Pat talk about qualifying prospective vendors, lenders, and contractors

19:40 – Ray, Pat, and James talk about working with wholesalers

27:30 – Ray, Pat, and James talk about the importance of developing a good buyer list

29:00 – Ray talks about the importance of choosing the right title company to close the deal

30:20 – Ray, Pat, and James talk about getting to know and qualifying the people you deal with – it’s all about relationships

31:00 – Ray, Pat, and James talk about working with wholesalers

41:20 – Ray, Pat, and James talk about a student deal in the hill country

46:40 – Ray, Pat, and James talk about the contractors who do their job right might not quote the lowest price but may be the least expensive in the long run

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MassivePassiveRadio.com

Radio Show Website: massivepassiveshow.com

This radio show is all about real estate investing. We talk about rehabbing, finding deals, doing deals, and everything related to real estate investing. 

Here are 10 talking points from August 21, 2021 Show:

4:36 - Foundation - using engineer along with foundation company.

6:35 - One of the Hosts, Ray, caught a contractor in a lie.

9:40 - Red flags investors look for/identify with contractors

12:55 - One way to break down rehab costs with contractors

15:18 - Recap - getting things taken care of, solving problems on your rehab job with reputable contractors

17:55 - Networking

23:55 - student question in fb group - How to make offers and get them accepted in today's market while competing with multiple offers

28:02 - working with realtors with pocket listings

33:44 - Being KALM compliant

40:00 - Your profit should be 15% of ARV on a flip. 

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06:50 – Jen Perez, The Owner Finance Co.

11:00 – Hal Gailey, Bayou City Tech

20:00 – James’ explanation of the KALM acronym

21:20 – James’ “out of the blue” phone call resulting in a deal

27:50 – James explains how to ask the property owner about the condition of the property

35:10 – James explaining the “70% rule” and its application in today’s volatile housing market

38:50 – James talks about adapting to the quickly changing housing market, the various strategies for buying investment property, and finding out what problems the property owner is trying to solve

44:10 – James talks about buying subject-to and the possible exit strategies from such a purchase

45:40 – James talks about knowing your buyers

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