Get Rich Education 216: Active Real Estate Investing - Pros & Cons
#216: Hands-on real estate has its risks and rewards vs. passive investment.
Learn about “scaling up” your portfolio into larger buildings.
If you desire to build a large new construction project, you need financing, investors, contractors, and a team. Don’t do it alone.
How do you afford all this? You can ethically take a Developer Fee for yourself.
Our guest, Victor Menasce and I discuss the mindsets and actions around 10-plexes up to 200-unit properties.
We also discuss: buying property on a corner, commercial financing, elevators & parking, new construction vs. rehabs, foundation issues, and mistakes to avoid when “going big”.
__________________
Want more wealth?
1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book
2) Actionable turnkey real estate investing opportunity: GREturnkey.com
3) Read my best-selling paperback: getbook.at/7moneymyths
__________________
Listen to this week’s show and learn:
04:18 Victor Menasce Interview begins.
06:27 Commercial financing qualification.
09:10 Refinancing your existing residential property into commercial loans.
12:06 Operating 10-plex to 12-plexes.
14:59 Corner properties.
17:18 Adding elevators and parking.
22:59 How do you afford all this?
26:55 Building your team.
33:55 Underwriters vet your Property Manager.
35:45 Foundation issues.
37:49 ROI = Return On Involvement
Resources mentioned:
Victor’s Website: VictorJM.com
Victor’s e-mail: victor@victorjm.com
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ProducersWealth.com
Turnkey RE: NoradaRealEstate.com
QRP: TotalControlFinancial.com