In this episode of the Short Term Rental Secrets Podcast, hosts Mike Sjogren and Emanuele Pani welcome Brad Flanagan, a real estate and finance expert, to share insights on achieving success in the real estate market. The conversation highlights the importance of strategic investment approaches, such as diversifying portfolios across different real estate sectors and understanding how to effectively negotiate with banks to finance properties. Brad shares his journey from an army veteran to managing an extensive portfolio across various states, emphasizing learning and adapting strategies suited to different market conditions. The episode also delves into the nuanced aspects of securing loans for real estate investments, suggesting that potential investors should present well-prepared pitches to banks, reflecting on both personal financial statements and the projected performance of the investment properties. Additionally, Brad and the hosts discuss maintaining balance amidst busy professional and personal lives, advocating for resilience, continuous learning, and leveraging networks for growth in the real estate domain.
00:00 Unlocking Real Estate Investing Secrets: The Cash on Cash Approach
00:20 Welcome to Short Term Rental Nation: Our Journey and Philosophy
01:27 Life Lessons and the Power of Discipline
05:00 Insights from a Mortgage Expert: Navigating Bank Negotiations
07:07 Deep Dive with Brad Flanagan: Strategies for Diversification and Financing
37:13 Achieving Balance in a Busy Life: Insights from Brad Flanagan
41:49 Final Thoughts and Encouragement for New Investors
Brad Flanagan's bio
Brad Flanagan is an army veteran from Chicago. He became a mortgage banker after being back from Afghanistan. He built an approximately $17 million portfolio in seven years. Brad currently has short-term rentals in Nebraska, Arizona, and Colorado.
Connect with Brad
www.facebook.com/brad600
https://www.instagram.com/mr_flipping_flanagan?igsh=dnp0OWx2MHU4aDA4&utm_source=qr
https://www.tiktok.com/@flanaganstrategies?_t=8lZvwegAsCQ&_r=1
Connect with the Hosts
Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin
https://linktr.ee/mikesjogren
Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin
Watch Mike's free masterclass training on www.strsecrets.com/masterclass
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