101 Guide To Investing Distressed Assets During Times Of Market Stress
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 10 June 2022
⏱️ 68 minutes
🧾️ Download transcript
Summary
If you are worried about paying too much for your investments, this episode we discuss how to invest in distressed assets.
As we move towards a recession, many assets will become distressed and you will want to know how to invest and keep your risk low.
Should you feel guilty about finding bargains? We discuss that too.
For more information, visit the show notes at https://moneytreepodcast.com/101-guide-to-investing-distressed-assets-during-times-of-market-stress
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Barbara Friedberg | Barbara Friedberg Personal Finance
- Megan Gorman | The Wealth Intersection
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.7 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:11.1 | Hello, Smart Money Tree Podcasts listeners. |
| 0:13.3 | Welcome to this week's show. |
| 0:14.6 | My name's Kirk Chisholm and I will be your host. |
| 0:17.3 | So today we're talking with Rick Allen. |
| 0:19.0 | How are you, Rick? |
| 0:20.2 | Doing great. |
| 0:20.9 | Kirk, how are you? Good. I love these type of interviews. Today we're going with Rick Allen. How are you doing, Rick? Doing great. Eric, how are you? |
| 0:22.0 | Good. I love these type of interviews. Today we're going to be talking about distressed assets and private notes. |
| 0:27.6 | Rick, can you tell us a little bit about your background? |
| 0:30.1 | I've been investing in distressed assets since 2005 when there really weren't distressed assets. |
| 0:37.0 | I kind of got cut my teeth in the real |
| 0:39.2 | estate space, working for a nationwide wholesale company and originating hard money. |
| 0:44.5 | And in 2008, when the market sort of started to tank and the hard money was drying up, |
| 0:49.4 | we went and started our own real estate investment company, myself, and a couple partners |
| 0:53.3 | and did pretty well. We |
| 0:55.0 | flipped about 400 homes between 2008 and the end of 2011. At that point, I had my second child |
| 1:02.4 | and I was looking forward to raising kids and playing a lot of golf and kind of having a lifestyle |
| 1:08.5 | business. So we sold off the company. It lasted about three months. |
| 1:12.8 | I accidentally bought my first mortgage note, which was 90 grand in debt, framed duplex, and I paid |
| 1:18.8 | $8,400 for it. 14 days later, I had my money back in from a deed and Lou and sold a property |
... |
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