What separates a good financial deal from one that looks great on paper but quietly becomes a problem six months later?
In this episode of the Get Alpha Podcast, Norman sits down with Michael, cofounder and president of Spark Financial Group and CEO of Fluid Capital, to talk about the side of lending, mortgages, private capital and entrepreneurship most people never see.
Michael has looked at more than $2 billion in deals, and that experience has taught him that the number on the page is only part of the story. The structure of the deal, the person behind it and what you are actually trying to accomplish can matter far more than simply chasing the lowest rate. gamps5e77.docx
They get into what lenders are really looking for, the red flags that can kill a deal, why hiding financial problems almost always makes things worse and how understanding someone’s full story can completely change the way a file is viewed.
Michael also breaks down one of the biggest questions around money: is debt a tool or a trap?
The answer is both.
Used properly, debt can help someone unlock equity, acquire assets and grow a portfolio. Used without a plan, the same leverage can become a serious liability. They also discuss why borrowers should stop asking only “What’s the rate?” and start asking why a particular product actually makes sense for their situation. gamps5e77.docx
Beyond finance, Norman and Michael get into entrepreneurship, leadership, building multiple companies, learning from failure, efficiency, business partnerships and some of the people and ideas that have influenced the way they think.
This is a conversation about understanding the entire deal instead of one number, building businesses for the long term and knowing when taking on debt actually moves you forward.
IN THIS EPISODE
• What lenders actually look for before approving a deal
• Michael’s experience reviewing more than $2 billion in deals
• The financial red flags that can immediately kill an opportunity
• Why honesty matters when dealing with lenders
• Good debt versus bad debt
• Why the lowest interest rate is not always the best deal
• Fixed versus variable and mortgages versus lines of credit
• Using leverage to build a real estate portfolio
• Private lending and alternative financing
• Building and operating multiple businesses
• Leadership, efficiency and entrepreneurship
• Why understanding the entire financial picture matters
GET ALPHA 100TH EPISODE LIVE SHOW
We’re heading toward episode 100, and we’re celebrating it LIVE.
Join the Get Alpha crew and special guests for the 100th episode live show.
https://www.getalphafit.ca/live-show
GUEST
Michael
Cofounder & President, Spark Financial Group
CEO, Fluid Capital
HOST
Host: Norman Burgos
@normanburgos_official
https://www.getalphafit.ca
@getalpha_athletics
DISCOUNTS & PARTNERS
Northern Hydration is 10% off
Use code: GETALPHA10
https://drinknorthern.com
Get 15% off Methylene Blue
https://www.thenutritionalparadigm.com
Use code: getalpha15
Other Partners:
https://www.neurodose.ca/
Use Code “Getalpha25” for 25% OFF
https://www.floatvalley.com
CREDITS
Filmed by: Burkstreet Media
www.burkstreet.com
Intro Song: There Must Be Discipline by Akira The Don x Jocko Willink
Don’t forget to like, subscribe, and share with someone who needs this message today.
#GetAlpha #Entrepreneurship #Finance #PrivateLending #RealEstateInvesting #Business #Mortgages #Investing #Leadership #Debt
