216: Active Real Estate Investing - Pros & Cons
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 26 November 2018
⏱️ 40 minutes
🧾️ Download transcript
Summary
#216: Hands-on real estate has its risks and rewards vs. passive investment.
Learn about “scaling up” your portfolio into larger buildings.
If you desire to build a large new construction project, you need financing, investors, contractors, and a team. Don’t do it alone.
How do you afford all this? You can ethically take a Developer Fee for yourself.
Our guest, Victor Menasce and I discuss the mindsets and actions around 10-plexes up to 200-unit properties.
We also discuss: buying property on a corner, commercial financing, elevators & parking, new construction vs. rehabs, foundation issues, and mistakes to avoid when “going big”.
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Listen to this week’s show and learn:
04:18 Victor Menasce Interview begins.
06:27 Commercial financing qualification.
09:10 Refinancing your existing residential property into commercial loans.
12:06 Operating 10-plex to 12-plexes.
14:59 Corner properties.
17:18 Adding elevators and parking.
22:59 How do you afford all this?
26:55 Building your team.
33:55 Underwriters vet your Property Manager.
35:45 Foundation issues.
37:49 ROI = Return On Involvement
Resources mentioned:
Victor’s Website: VictorJM.com
Victor’s e-mail: [email protected]
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ProducersWealth.com
Turnkey RE: NoradaRealEstate.com
QRP: TotalControlFinancial.com
Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Weinhold. When you invest in real estate |
| 0:06.0 | passively, your own involvement is the exception, not the norm. But what if you intentionally |
| 0:12.2 | become actively involved with real estate, taking on large new construction and rehab projects |
| 0:17.6 | yourself? It's the rewards and risks of hands-on real estate investing |
| 0:22.0 | today on get-rich education. M.C. Lobster is the host of the Cashflow Ninja podcast |
| 0:30.1 | and president of Producers Wealth. He is on a mission to help you achieve financial independence |
| 0:35.6 | and freedom as soon as possible. He achieves |
| 0:38.5 | this by integrating the infinite banking concept with real estate investments to increase |
| 0:43.0 | their returns and recapture cash flow that you are not even aware of that you're losing. MC |
| 0:48.9 | shares the number one strategy of investors in his holistic wealth creation course at your own banking system.com. |
| 0:58.7 | Finally, total control financial gives you checkbook control of your 401k and IRA money to invest |
| 1:04.7 | in real estate. It's time to get your retirement money into your own checking account, |
| 1:10.2 | but you've got to avoid the |
| 1:11.6 | little-known tax that you'll pay with any self-directed IRA. Instead, it's time for the QRP. Learn more |
| 1:18.7 | and get your free copy of the QRP book by text messaging, QRP in all capital letters to $72,000. |
| 1:30.0 | Get Rich Education is brought to you by Ridge Lending Group, |
| 1:33.1 | Producers wealth, LaRata Real Estate, and Total Control Financial. |
| 1:38.3 | You're listening to the show that has created more passive income |
| 1:41.5 | for people than nearly any show in the world. This is the powerful |
| 1:47.3 | get rich education. Welcome to GRE. You are back in the land where you wouldn't choose to live a day below your means, when instead you can choose to expand your means. |
| 2:13.5 | This is Get Root Education. I'm your host Keith Weinhold. We're changing things up today and not talking |
| 2:18.6 | passive real estate investing, but rather active real estate investing because that can give you a |
... |
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