I’ve been in sales for years and my best sales seemed to “fall into my lap” even though I was aggressively pursing/ prospecting potential clients. So like he says timing (and “luck”) has a big impact on your success. You have to keep grinding regardless.
What a great video! Lots of important informations that we may think are basic but are the most important part of saving money in a deal! Thank you again to both of you great guys 🌸
Bobby must be a hell of a salesman and negotiator. I was Acquisitions for two companies in SFR and it’s a grind. You MUST know how to get deals. It’s all talking to people and timing. Much respect to Bobby!
You should make a video on how to structure private lending from the standpoint of the borrower. Talk about what you think would be a good deal for the borrower and several scenarios when it comes to purchasing real estate.
Hey Ken and Bobby, This was a great retrospective on the deal in Dallas TX! Now, when you guys miss out on deals like this, do you get together and 'post-mortem' all events leading up to the missed opportunity and see if there was anything to be learnt/improved upon for next time? If so, I'd love to hear what you guys discussed regarding this particular deal...
Ken McElroy! ! Can you make a video on buying Real Estate in Canada???? Everything is always based on buy property in the U.S.A, BUT WHAT ABOUT CANADA!!!!
Hey Ken: Contrary to what you said about home prices at the end of 2020, Denver prices continue to 'SKYROCKET'--!!! $400k for a starter you wouldn't put your dog in.
ken, just for fun can you interview your kids, and let them explain what they are up to , and how you have influenced their decisions. it would be great to see how someone with cash flow knowledge influence the next generation and what the next generation thinks of when it comes to investing. that would be very interesting
Hey Ken! Great job as usual. I have a finance question. I own 2 duplexes side by side different parcel numbers. I have approximately$300k equity. One is owner occupied and one is investment property. I don't have any regular W2 income. I live off the cash flow of these properties. Is there any way to tap into my equity and get financing, blanket mortgage or any product? I want to buy more rentals but am equity rich but cash poor...any ideas anyone? Thank you in advance.
Hi Ken another great video can you suggest which of Buckminster Fullers books would be good to read first you and Robert speak about him Many thanks. Christopher Barker
You would only do this for estate planning purposes. No one would buy a remainderman. For example, my widowed mother is getting older. She owns her own home. (My father and mother purchased this home together and paid off the debt). She could transfer title as follows: She will keep a life estate in the house and put her children as remainderman. If she ever get Alzheimer's or dementia and needs to go into a nursing home the state cannot force her to sell her house to help pay for her care because she only owns a life estate in it. So the state cannot touch her house and force her to sell it to pay cost of her nursing home care if her insurance is not enough. Her children will get the house when she dies. There are more detailed rules but this is just a simple example. It's basically a way to shield your home from the state.
The worst part is the tax loopholes that the government hands them that are nearly 100 years old and never updated. However, real estate investors have destroyed housing markets across the world. You either play the game or get played.
