The Closing Table Podcast

Back in mid September, Ernie and Mel took a tour of a re-developed building Chris Posch, an up and coming investor, is repurposing into 55 plus residential units. HE walked us through his process, his mindset, his goals, his challenges, and his progress. 

IN this episode, Ernie and Mel breakdown what it really looks like to buy a home. They pick a random area and a random on market home and qualify it for a conventional and FHA to show the differences of how much money is needed to buy it. They also debunk Grant Cardone's claim that all you need is $5,000 to buy a $400,000 4 unit property, increase rents by $200 bucks and live rent free?!?!?! 

Ernie and Mel dive into what has and does typically kill deals. And its not always a buyer or seller issue!

What was supposed to be an exchange of experiences and explanations of understandings, turns into Ernie just venting about stuff that absolutely pisses him off!

Mel and Ernie go back and forth on some of the things they deal with that the other might not know about. 

Ernie has BIG news. He has made a change in his Real estate Career and Mel is absolutely stunned!

In this episode, Ernie and Mel discuss the impact a coach or guru can have for you. The benefits and scams they provide and some of Ernie's favorites. 

On this episode, Mel and Ernie have guest Brendan Wewer,. A commercial appraiser and owner of Common Wealth Commercial Appraisal Group. His shares is experience and expertise on the commercial side of appraisals as well as his knowledge of the different asset classes in the commercial real estate world! 

Mel and Ernie go over a few common terms in the real estate world that most buyers and seller might not know or understand. They review a dummy of a real estate investor claiming he encountered a realtor who broke the law, and Ernie goes over what exactly is an offer. 

This episode lost a lot of control very early and quickly into this episode. Alex Roche, Director with the GRCA comes on the show and takes it completely over!