111: COVID Chaos: Don't Lose Your Assets

Apr 7, 2020

Ask episode

Chapters

Transcript

Episode notes

The crazy chaos of COVID-19 continues. Despite gloom and doom during fearful and uncertain times, opportunities arise to make millionaires.

Today, I'm talking to Dan Handford from Passive Investing. He describes what to expect the future to look like in the multifamily space.

Topics on Today’s Episode:

COVID-19: Impacts assets and effects unemployment claims, loan rates
Ups and Downs: Divorces, marriages, and births vs. multifamily demand
Options: Weather the stock market storm and find temporary alternatives
Loans and Lenders: Banks still healthy, capital available, and flexible extensions
Constant Communication: Inform and reassure investors and lenders
Next Generation: Multifamily means involving the entire family
Presentation for Prospective Investors: Brochures, newsletters, and brand guide
Sentiment Mindshift: Donate distributions to those tenants who need help
Property Prep: Reduce non-essential spending, requests, renewals, renovations
Shelter-in-Place: Everybody’s suffering, educate investors and raise capital
ABCs: Higher the return, higher the risk; lower the return, lower the risk

Links and Resources Mentioned:

Quotes:

“Millionaires get made in fear and uncertainty.” Corey Peterson

“Demand for multifamily apartments is still strong in the long-term.” Dan Handford

“There’s more capital in the market today than there has ever been.” Dan Handford

“Do the right thing, always, and you’ll never have to wonder or worry.” Corey Peterson

Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.