UnReal Estate

Wealth building is strategies is at the core of our podcast. And seeing as though Patrick Grimes has strategies to accelerate that process, made it a no brainer to have him on. This interview has one strategy after another. Some you may have heard of and some you may not, so it's best to listen intentionally to the entire interview. There really nothing more that we can say that would sum up this one.. It's just that good! So rather than bore you hear, just go ahead and tune in.

A few topics covered:

1. Real estate investment strategy that's best for wealth building.

2. What are the risks for single-family and multifamily investors?

3. How passive investors can accelerate wealth building

4. What is a 1031 exchange?

Show Resources

Facebook Page

https://www.facebook.com/InvestOnMainStreet

Instagram

https://www.instagram.com/invest_on_main_street/

YouTube Channel

https://www.youtube.com/channel/UC-B4rNcRiMKTnWnClyd0Ojg

Forbes Articles

https://councils.forbes.com/profile/Patrick-Grimes-CEO-Founder-Invest-on-Main-Street/bfb38236-d9d3-48ff-8ee9-278ae215b721

Say Hello to Patrick!

LinkedIn: @Patrick Grimes

Keep up with us!

@bousewife - JaQuita

@marcusdewayne - Marcus

https://www.smartestrealestateinvestor.com/

We've always viewed title companies as one of the most important components to closing a deal. It's where all the issues come to light and shows how a good escrow officer can save you from serious heartache. Dorian Lam is shows how he's one of those good escrow officers, as he dives into things to watch out for, the importance of establishing a relationship with a title company, and how a title companies purpose is not to tell you why your deal can't close, but to make sure that it does. Did we mention that he's known as the Defender of The Deal?

What good is a deal if it doesn't close? -Dorian Lam

A few topics covered:

1. The role of a title company.

2. Important things to look for on a title commitment

3. The differences in title work between residential and commercial deals.

4. A one million dollar water bill!

Say Hello to Dorian!

LinkedIn: @Dorian Lam

Keep up with us!

@bousewife - JaQuita

@marcusdewayne - Marcus

https://www.smartestrealestateinvestor.com/

As investors we tend to know the role of a private mortgage lender, but how much do we know about the actual operations of running the business. Things like how to decide to lend or not, how much value to put on the character of the person borrowing funds, and etc.. We're diving into all of this in this episode and we also learn the similarities between lending here in the states and our friends up north in Canada. David Steinfeld of StoneField Capital leaves no stone unturned as he gives us an intimate view of his operations and thought process on private mortgage lending. This is an episode that you don't want to miss!

A few topics covered:

1. Different ways to utilize private mortgages.

2. What's more important, the property or the character of the borrower?

3. How to maximize the amount you can borrow.

4. How debt is the best place to be in the capital stack.

Say Hello to David!

LinkedIn: @David Steinfeld

Keep up with us!

@bousewife - JaQuita

@marcusdewayne - Marcus

https://www.smartestrealestateinvestor.com/

You don't always start in real estate to end up becoming a real estate investor. In Joey's case, he started off as an Amazon seller and found a mentor who used Amazon as a funding source to acquire apartment complexes. He used the knowledge gain from his mentor to purchase, remodel, and sell his first real estate project for a multiple six figure profit. This story is the perfect mix of our typical interview combined with an "I can't make this up" flare, based on the obstacles that came up throughout the project. This is an episode that you don't want to miss!

A few topics covered:

1. Finding a reasonable thing to do with the 7 figure Amazon income.

2. How to overcome the zoning rules enforced by the city.

3. Completing his own remodel with no contractors on his first deal.

4. The property being purchased by a celebrity.

Say Hello to Joey!

Instagram: @thatofficialjoey

Keep up with us!

@bousewife - JaQuita

@marcusdewayne - Marcus

https://www.smartestrealestateinvestor.com/

If you think that you have to be some big shot to get started in investing in apartments, you may be surprised and just how wrong you are. Our guest Don Scott has gone from 0 to 200 doors in less than 2 years, while being completely self taught. His story paints a vivid picture on how he stumbled through deals until he found his way. Sounds familiar? Yeah, probably because that's how most of us learned how to do even beginner strategies, such as wholesaling. Basically, if you can learn how to wholesale, you can learn how to acquire apartment complexes.

A few topics covered:

1. Feeling safe enough to leave a full time corporate job.

2. The importance of relationships when finding deals.

3. Balancing being a fulltime investor and family man.

4. The mindset it takes to take on partnerships with investors.

Say Hello to Don!

Instagram: @the_don_of_real_estate

Keep up with us!

@bousewife - JaQuita

@marcusdewayne - Marcus

https://www.smartestrealestateinvestor.com/

Stories that are just so unbelievably true that we couldn't possible make this up. From delayed closing after delayed closing, to a cash app scamming, and even an argument over who owns the left over junk. Here’s the story of Drew.

With an economy shift on the horizon, we’re starting to hear more about federal interest rates increasing. So undoubtedly the next question on investors mind is how will this impact hard money lending. Here’s our take on the topic.

A few topics covered:
1. The effects of supply and demand vs federal interest rates.
2. How leverage, loan to value, and having skin in the game effects your hard money interest rate.
3. Underwriting criteria and asset based lending.
4. The importance of speed with hard money lending.

Keep up with us!
@bousewife - JaQuita
@marcusdewayne - Marcus
https://www.smartestrealestateinvestor.com/

Since our very first flip we have been consistently asked “How are you able to design your flips so nice, and still remain profitable?”. We’ll today we are going to sit down with designer JaQuita McCauther herself to pick her brain on how she goes about doing just that.

A few topics covered:
1. Methods for keeping up with what’s trending.
2. Knowing the market where your property is located and what makes them comfortable.
3. Checking out the competition and seeing where you can add more value.
4. Building relationships with your vendors and suppliers to keep material cost reasonable.

Keep up with us!
@bousewife - JaQuita
@marcusdewayne - Marcus
https://www.smartestrealestateinvestor.com/

Often times being real estate smart extends far beyond how to analyze deals. This one had nothing to do with comps or “the numbers”, this one was riddle with family drama and legal trouble. In this one, we go into how we were smart enough to avoid this deal all together.

A few topics covered:
1. Shared easement and thoughts about adding another driveway.
2. Daughter’s trying to sell their house, but the grandfather owns the house that the land is on.
3. Title company couldn’t insure title because they couldn’t prove that the signature of the heirs weren’t forged.
4. Family members suing each other over land.

Keep up with us!
@bousewife - JaQuita
@marcusdewayne - Marcus
https://www.smartestrealestateinvestor.com/

Ever wondered how real estate investors get their start and then take off into what seems like a straight shot to the top? We’ll it wasn’t easy and Gloria surely worked her tail off to get there. Join us as Gloria shares her incredible story and drops a ton of nuggets and inspiration along the way.

A few topics covered:
1. The importance of building an effective team.
2. Gloria’s experience as a minority and woman in real estate.
3. Her views on training and masterminds.
4. A decision to split from a partnership and how she learned and grew from it.

Say Hello to Gloria!
Instagram: @gg_buys_houses

Keep up with us!
@bousewife - JaQuita
@marcusdewayne - Marcus
https://www.smartestrealestateinvestor.com/