Love the Rob Swanson comment. Jack B. love the Dave Lindahl reference for emerging markets. Great stuff.

Another !amazing show good job guys

Amazing show!

you guys are awesome!

Love your channel guys doing a great job! Do you have a beginner guide on how to buy your first property/house?

another great 👌 episode

Hey Brandon, Mayday Parade is awesome! Feels, man lol

You guys are awesome. I listen in all the time. What video conference software do y'all use for the podcasts?

why dislike real estate in detroit? seems like a lot of potential now

Interesting how he compared MHP to the housing marking at not rental market. I would say that raising interest rates (tightening monetary policies) pushes down opportunity for MHPs no? Meaning, those who cannot afford a single family home will need to opt for rent, lease or MHP as living options when interest rates rise. Granted its 2019 but, in 2017 we had increasing fed rates at the time as well.

Curious of what possible profit (approx) on the 41 unit deal? when he sold it?

Ok I've been doing this for a few years with just common sense but I really don't understand the term "cap rate". you guys got a show that explains some of these terms?

@jyc2201

7 жыл бұрын

Russ Cherry (Net Operating Income)/(Purchase Price)

First time I've heard someone say something other than positive about listsource. I'm guessing he didn't dial it in to give him a list of mobile home parks? Or that listsource isn't great for seeking out mobile home parks?

Great podcast guys, keep up the good work. I'm new to real estate investing and curious: how did Jack afford to purchase $1 million of property at such a young age? He mentioned at 12:10 that his mom handled the financing and equity portion, and used bank financing for the rest. How was he able to persuade the bank to lend such a considerable amount of money, with zero prior investing history? Did his mom co-sign for the loan or something? For those of us without this fortunate option, what would you guys recommend to finance such enormous investments? Thanks!

@Re3iRtH

7 жыл бұрын

RedShipsofSpainAgain Work hard and put away the cash needed for the down payment.

@Postofficejoe

7 жыл бұрын

35% down on 1,000,000 = 350,000 shouldn't take to long...ha.!

@RedShipsofSpainAgain

7 жыл бұрын

Yeah, median salary in the US is $51,939, so as long as you have zero expenses and pay zero taxes, it only takes 6.7 years to save 350k! Obviously that isn't tenable; I assume he used some kind of hard money lending to finance the deals. These provide the cash, but at a very high interest rate, ~12% depending on risk tolerance by the lender.

@Postofficejoe

7 жыл бұрын

He said he borrowed the down payment from his mother, no doubt a solid co-signer, his parents gave him a great start, good for him, not us...most of us don't have that luxury, the hardest part is getting the down payment period, ... I started by getting a line of credit at 7 % and using that as a down payment ... pay attention, here is the trick.! ... they will not let you use a line of credit or credit card as a down payment...Soooo withdraw the money out of the line of credit or CC, put in a regular savings account for 30 days and then you can use it for a down payment, sounds silly but I have purchased 5 buildings this way...it works.! The lady at the bank see's what I did...we both laugh...and then she says sign here, your approved.! P.S. I always put 25% down payment to avoid CMHC up here in Canada...good luck my friend.

Anyone know how tall Josh really is??

@Postofficejoe

7 жыл бұрын

no, but looks like they all use same vacuum cleaner to dry their hair...lol

@lindsayashton1385

7 жыл бұрын

Postofficejoe Haha!

Misleading title. Should be, "How a RICH KID bought 41 units on his first deal." I'm sorry, but when mommy finances 40% of your $1,000,000 deal when you are a college graduate with no job or assets, you are a rich kid. Most of us can't do what this guy did.

@bossturbo

Жыл бұрын

True! He definitely was lucky to have parents with enough $. It's 5 years later, I'm curious what he's doing now, his website doesn't exist. How about you? Are you in the real estate investment game?

I think all credits go to his mommy it's easy go out and look for deals

@bobbing_for_bitcoin7497

7 жыл бұрын

Mando AA "So... Did you have enough to finance your life or...?" *Doesn't answer* Yeah he lives with his parents