How To Fund All Your Real Estate Deals EASILY | Chris Eymann
Oct 9, 2024
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Chris Eymann, a real estate powerhouse with over 12,000 deals under his belt, shares invaluable insights from his journey. He discusses the lessons learned from the 2008 crash, strategies for hard money lending, and how to thrive in turbulent markets. Chris highlights the intricacies of interest rates and their market impact, along with effective marketing strategies for real estate. Additionally, he reveals his unique approaches to funding and closing deals, including his innovative 'double dipping' strategy. A treasure trove of practical advice for investors!
Chris Eyeman emphasizes the necessity of adapting strategies in real estate to thrive amid changing market conditions, focusing on innovative deal-making techniques.
The podcast underscores the importance of transparency and communication with creditors during financial challenges, showcasing resilience and integrity as keys to long-term recovery.
Discussion on the influence of interest rates highlights the need for investors to proactively track economic indicators to make informed real estate decisions.
Deep dives
Pivoting to Innovation
The importance of pivoting strategies in real estate is underscored, highlighting a shift toward innovative approaches for locking in deals. A pivotal moment involved a realization that an extra $50,000 in profit could be generated by waiting an additional 90 days on transactions. This shift allowed for the effective closing of numerous deals despite changing market conditions, illustrating how adaptability is crucial in the real estate industry. The days of relying solely on traditional wholesaling methods are considered over, with innovation playing a significant role in future success.
Resilience Through Market Downturns
The speaker reflects on navigating market downturns, highlighting resilience and the ability to adapt as essential traits for success. After significant losses in 2008, strategies were implemented to negotiate with lenders and repay debts, demonstrating the importance of communication in difficult financial situations. The approach of maintaining openness with creditors while diligently repaying debts over time illustrates a commitment to integrity in business dealings. This experience has shaped a mindset focused on long-term recovery rather than immediate self-preservation.
Navigating Stress and Pressure
Dealing with the stress of significant debt and pressure from investors highlights the emotional strain inherent in real estate investing. The speaker describes intimidating encounters with creditors, showcasing the psychological challenges faced during downturns. It emphasizes the importance of negotiation and transparency when handling financial pressures, which can build trust among stakeholders. The ability to keep communication open during difficult times is suggested as a strategy to mitigate stress and maintain positive relationships.
Understanding Interest Rate Impacts
The significance of interest rates in the real estate market is thoroughly explored, stressing how they influence both borrowing costs and market activity. A keen observation of economic indicators allows investors to anticipate market shifts, with interest rates acting as pivotal decision-making tools. The speaker highlights how tracking inventory levels and mortgage rates can guide purchasing decisions, particularly during downturns. Developing a proactive approach to understanding market cycles linked to interest rates is advised as essential for making informed decisions in real estate.
The Role of Marketing in Real Estate
The changing landscape of marketing in real estate is discussed, noting a transition from cost-effective strategies to more expensive methods. Traditional methods like cold calling have become progressively costly, drawing attention to the need for innovation in lead generation. Present-day emphasis is placed on the high costs associated with PPC and other marketing avenues, prompting a shift in approach for real estate professionals. This evolution indicates a necessity to rethink marketing strategies to remain profitable in an increasingly competitive market.
Leveraging Relationships and Networks
The value of networking in real estate is emphasized, with strong relationships allowing for business stability and growth. Engagement with private investment opportunities showcases how cultivating a strong network can facilitate easier funding situations. By providing desirable financing terms, the speaker illustrates how fostering connections leads to continued success even amid challenging conditions. This focus on collaboration highlights how relationships not only stabilize funding but also offer avenues for new business opportunities.
In this episode of the Wealthy Way podcast, I sit down with real estate powerhouse Chris Eyeman to break down the highs and lows of his journey in the industry. We start by diving into Chris’s early career, including the hard lessons he learned from the 2008 market crash and how he’s overcome major challenges, like investor repayment issues and negotiating with Wells Fargo. Chris also shares his remarkable story of securing a $100M line of credit and gives us an insider’s view into the world of hard money lending.
But it doesn’t stop there—this episode is packed with deep insights into the current real estate market dynamics, how interest rates are influenced by the bond market, and predictions on where rates are headed, especially as we approach the next election. Chris drops some serious knowledge on how to navigate market crashes, the importance of wholesaling, and how to maximize your cash conversion cycle.
We also get into the nitty-gritty of marketing in real estate—whether it’s TV commercials, inbound vs. outbound marketing, or how to convert leads effectively, Chris has some solid strategies to share. He even explains his “double dipping” strategy and gives tips on fundraising techniques that every investor should know.
Whether you’re a seasoned real estate investor or just getting started, this episode is full of practical advice and strategies to help you thrive—even in tough markets. Tune in to hear how Chris tackles failure, fear, and what he sees as the future trends in the real estate industry.
Connect with Chris: IG: https://www.instagram.com/chris_eymann Website: https://www.swhfunding.com/
--- If you want to level up, text me at 725-527-7783!
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media a...
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