Love the tenant-to-owner strategy. Besides building personal wealth, people are incentivized to stay. (Keeps cash flowing) Additionally, people tend to have more pride maintaining something they have a vested interest in. They become on-site watch dogs. This is often seen in co-ops.
Missed you today on the phone call with Inner Circle today. But this is great information that I need because I have run to the end of my own resources, but I want a lot more deals.
I've been through a similar experience with raising money for real estate. Matt, you're absolutely right! Raising money might sound scary but it's a game-changer. Let's keep improving our real estate journey!!
Interesting I normally would avoid friends and as I am about to raise 1 mill for my new business I will have a listen to your new book. Guess your aim here is to sell your book so that worked ha ha
Oddly enough, at the beginning of watching this video, I thought about being able to raise capital to buy land, build a 4plex and sell those units to the tenants. And around 49:13, Matt mentions something similar. My goal is to purchase 1+ acres and put 2-4 modular homes for sale (affordable housing).
New construction has better return. It’s way over priced if you use a contractor, but if you build enough at a time it’s still worth it. I need to raise people’s back door self directed Roth 401 tax free IRA directed, you can add 59k/person a year tax free. Invested returns in that stays tax free. Can be used on anything, like buy a biz or buy crypto.😮 Get the book!
I missed out on 2 - million dollar business acquisitions due to lack of capital. I hope this strategy can be applied to helping me find my private equity investor for my next million dollar deal I’m going after.
So he’s saying when you have free and clear house, you shouldn’t put your money in syndication. Dues he mean to put it in like BRRR or short rentals? He didn’t specify!
I got you. When you have a free and clear house, the best way to leverage that is with a HELOC. Then take the HELOC and buy a BRRRR deal or lend out the money as a Hard Money Loan. You can invest in syndications also but remember that you may not get enough cash to make your HELOC payment. The first two (BRRRR and HML) will likely give you more security and a monthly payment to make sure you have enough coming to in pay the HELOC each month.
Hey Pace, and to any of your students...for a SubTo deal, how do i handle insurance? I understand a lot from all of your wonderful content, but i have yet to figure out the insurance dilemma. Thanks! -DK
Just downloaded the book on Audible! I am starting an investment company called The Stache Investor! We have been doing real estate for several years and are in a "cash poor" situation...this is our next way to raise money. Was a bit overwhelmed on the amount of work but this video and book are exactly what I needed! Thanks so much guys and lookout for the Stache!
It would change the game! Tenants would never need to move, they could build equity right where they live, thereby saving up for college and retirement!
Hey Pace, i'm based in UK and tried to buy your book on amazon and after 3 months of waiting amazon informed me that they couldnt get hold of the product and cancelled the order. Are there any other methods to buy your book and have it shipped to UK?
