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What Does It Feel Like To Be Slapped in the Face by $1 Million | Mentoring Preston - The Industrial Salesman - Session 2
This is mentoring session #2 with Preston - The Industrial Salesman. Preston is getting some clarity on how and what assets and strategy he wants to invest in. After this interview, he started to enter the busy season in his W2 so I look forward to catching up with him in a few months.
Key Takeaways From Today:
- Get Clarity on Your Strategy & Investing Criteria
- Importance of Having Resources
- How to Calculate Cash Flow
- What is a Capital Expense?
- Know Your Available Insurance Credits
- How to Calculate Cash-on-Cash Return
- How Higher Interest Rates Affect CashFlow (2008 crash)
- Potential in a $4,500 property
- Tax Deed vs Tax Lien
- Adverse Possession Law
- 2% Rule on MFRs
- How to Calculate Offer Price on MFRs
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- The 10 Pillars of Wealth by Alex Becker
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
View all episodes
By Jay Helms
5
157157 ratings
This is mentoring session #2 with Preston - The Industrial Salesman. Preston is getting some clarity on how and what assets and strategy he wants to invest in. After this interview, he started to enter the busy season in his W2 so I look forward to catching up with him in a few months.
Key Takeaways From Today:
- Get Clarity on Your Strategy & Investing Criteria
- Importance of Having Resources
- How to Calculate Cash Flow
- What is a Capital Expense?
- Know Your Available Insurance Credits
- How to Calculate Cash-on-Cash Return
- How Higher Interest Rates Affect CashFlow (2008 crash)
- Potential in a $4,500 property
- Tax Deed vs Tax Lien
- Adverse Possession Law
- 2% Rule on MFRs
- How to Calculate Offer Price on MFRs
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- The 10 Pillars of Wealth by Alex Becker
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
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