Passive Income, Active Wealth - Hard Money for Real Estate Investing

Notable Capital Fund - www.NotableFund.com

Finding Opportunities With Distressed Debt

The Notable Capital Fund specializes in acquiring in debt instruments secured by tangible real estate. These can be performing, re-performing, or even non-performing assets. Each asset class has it’s own financial model and different risk/reward scenarios. These are the kind of assets they acquire in their portfolio.   The Fund sources distressed mortgages via relationships with banks, hedge funds, and private equity groups. These assets may be purchased as ‘one-offs’ or as a small pool of mortgages.

Carolina Capital targets single-family houses, with an average value of $150,000. As a lender, it is more work, but it is safer when spread out over more properties.

In any economy, you have to have food and shelter.

The day of this recording, the DJIA was at 22,000 and had dropped a lot. (21,498.44 −2,054.78 -8.72% down)

Where will Institutional capital go?

Treasury yields are 0.6% for ten years. Bill suggests the money for Treasury bills is coming from European and Chinese investors. These investors are looking for safety.

Short term, it will take a lot longer to refinance mortgages.

People may keep their homes longer as they can't get better rates. 

The luxury market will flatten or dip.

 

 

 

SOP - Standard Operating Procedures

Wendy and Bill talk about the importance of SOP in growing your business.

SOP is a step by step process that you do every job. It helps you see if you are doing the work that is better done by someone else. If someone gets sick, others need to know what you are doing. And how to do it.

 

Ryan Parsons, Heritage Capital USA, joins Wendy, Bill, and Jonathan in today's show. https://milemarkerclub.com/

Education for how to look after your wealth, how to handle Back Swan events and how to grow your wealth is constant. If you take your eye off what's happening, you risk losing your wealth.

Heritage Capital USA members have worked hard to earn their place in the Mile Marker Club, and gain exclusive access to their unique deal flow. These families trust Heritage Capital USA. These families depend on us. That’s why they vet deal operators just as carefully as they vet deals, and why you, as a deal operator, will have to work hard to earn their trust, to earn their investment and to create for them investment value in your company.

https://www.heritagecapitalusa.com/

Heritage Capital USA began over 20 years ago with Ryan Parson seeking alternative investment opportunities for himself and his family. Though the family has grown, the process has not. Nor has the primary goal: to help family members efficiently create and protect generational wealth.

Ryan and his family continue to invest in many of the deals offered to Mile Marker Club members. It’s this notion of being “down in the trenches” as a group – that our members never have to go it alone – that makes the combination of the Mile Marker Club and Heritage Capital USA so special. Ryan and his team truly put their money where their collective mouth is, and members appreciate that.

Are you making a profit in your business?

David Richter joins Wendy, Bill and Jonathan to discuss how to implement profits first.

When you put your books into order, you see what you are actually spending a month and what's profitable and what wasn't.

You have to look at short term and long term profit centers. What do you spend more time on? Long or short term projects.

AirBNB or long term rentals, which is more profitable? You may be shocked at the answer for you.

Learn more about David at:

https://simplecfosolutions.com/

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4

Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows.

About David Richter:

David Richter, founder and owner of Simple CFO Solutions, is on a mission to help stressed entrepreneurs who are frustrated with not knowing their numbers and not making profit by cleaning up their books, interpreting their numbers for them, and implementing a system to increase and prioritize their profits to be able to be less stressed, confident in their numbers, and make the profit they need to accomplish their vision.

He has been in the real estate investing world specifically for the last six years. He has served on the leadership team of real estate investing companies doing over 300 deals a year between wholesaling, fix and flipping, lease optioning, and turnkeying properties.

David has no debt in his business or in his personal life and practices all the principles and actions he teaches. In order to continue to constantly grow and help others, he reads over 50 books a year, is a ToastMasters member, Profit First Professional, and a lifelong student of Kung Fu. He is on a mission to help you and change your life and business for the better.

Wendy Sweet and Bill Fairman of Carolina Capital Management are joined in today by one of their great friends, Darin Brocklebank.

Darin is a borrower and a partner. Today, Darin shares his experience and the important lessons he has learned along the way. He also shares how his dealings with Carolina Capital Management has been.

Bill Fairman and Wendy Sweet of Carolina Capital Management are joined today by their friend, Vi Luxury.

Vi is a real estate investor in Charlotte and she has one of the amazing stories of how she got started. She shares her complete story of how she began, persevered, and became a successful real estate investor.

 

Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground up Construction Loans" for investors only in NC, SC, GA, VA and TN (some areas of FL, as well).

Jim Rachor, one of Carolina Capital Management's investors, joins Wendy Sweet and Bill Fairman. Jim is a dentist who has been investing for three year plus years in the fund.

He met his wife when he was 10 years old. They did not date until they were in college.

"Life is too short to sit around and do nothing" ~ Jim Rachor

He and his wife adopted children from Guatemala. They made 8 or 9 trips there. Now they take 130 people to Guatemala each summer to do mission work. www.TransformingFutures.org

They feed 500 children a day.

He knew after meeting Wendy and Bill that he could trust with his investment money.

Jim will never leave the fund.

Jim speaks at a mentorship program at his local dentist school. Most students are 300k in debt and do not know how to handle their money.

Real estate is a hedge against itself. Over time, real estate will appreciate 3% a year over 30 years in most US markets.

Wendy shares the impact one of their friends had on them. He recently passed away.

He loved his work, helping  and still worked in his 90's.

He let Wendy know how much she meant to him. It always touched her heart.