5 • 1.1K Ratings
🗓️ 4 November 2022
⏱️ 59 minutes
🧾️ Download transcript
Host Josh Ferrari chats with Stuart Berryhill about being able to follow your passions as a result of passive real estate investing, getting financially LITerate, making sure your property works as a LTR and STR, and more!
How to connect with Stuart:
https://www.linkedin.com/in/stuart-berryhill-67382486/
Podcast - Money Vision U
How to connect with Josh:
Ferrari Capital - https://ferraricapital.com/
https://www.facebook.com/joshua.ferrari.16/
https://www.linkedin.com/in/joshua-ferrari-6b9107160/
Creative Capital is made possible in part by our sponsors.
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0:00.0 | What's going on, everybody? This is Josh Ferrari, host of the creative capital podcast. Once again, super stoked to be here with you today, talking with Stuart Berryhill about something near and dear to I think a lot of our hearts or wallets or bank accounts, I should say, and that's doing no money down multi family deals. |
0:29.0 | What that actually looks like, how do you actually accomplish a deal that you ultimately have zero dollars out of pocket in? I mean, that's no small feat. There's a lot of creativity that's involved. There's a lot of connections. |
0:40.0 | There's a lot of different things that you're going to have to do to ultimately be able to achieve a true no money down deals. We go over all the intricacies of what he's done up to this point to be able to do so. |
0:50.0 | What they're actually doing now, different structures and business plans that he's executed and implemented on on some of his deals. We dive really deep and actually one specific deal that he's doing right now, and I thought it was really cool to be able to kind of pull back the curtain on how he was able to do the particular deal that he's doing. |
1:08.0 | And ultimately what his plan is long term for that and how that can play a part into the creativity in real estate that we too could be able to execute on and could potentially help us or yourself get into real estate with no or low money down because that is definitely I can hear it and all of your voices now that is definitely a big concern or |
1:32.0 | kind of like roadblock in the way for a lot of people having the passion or desire even to get into real estate is the fact that they just they think they have no money. They have no access to capital. |
1:42.0 | They have none of their own money. So how are they going to be able to invest in real estate. You'd be surprised how many different creative strategies there are to do so I myself actually have three owner finance deals under contract right now all on the commercial space. |
1:56.0 | So it's definitely 100% possible to be able to find those kinds of deals, especially now more than ever, as we see a lot of more creativity begin entering into the market. So it's just a fantastic episode. |
2:09.0 | He has a big passion to actually educate the youth, the younger generation on financial literacy. So really excited to be talking with Stuart today and without further ado, we're going to jump right in. |
2:21.0 | Hey everybody just wanted to take a quick break to talk about today's show sponsor now if you invest in real estate, which all of you probably do right or if you simply manage properties. |
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3:25.0 | cap X investments or taxes for purchases. You can even issue up to 50 virtual or physical debit cards with spending limits to keep track of how money is being spent for each property plus relay also makes your book keeping fast and meticulous by giving you detailed transaction data that syncs directly with quick books online and zero. |
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4:03.0 | dot com, that's R E L A Y F I dot com slash board slash creative capital, you sign up, you put at least a dollar, just a dollar into your account, then you'll receive $50, absolutely free. |
4:20.0 | Again, that's relay fine R E L A Y F I dot com forward slash creative capital to apply today. |
4:34.0 | Stuart Berryhill, man, dude, we just chatted like a couple of days ago, maybe maybe last week, got to connect a little, little deeper outside of just having followed you on social media, seeing what you're all about. |
4:47.0 | I was intrigued. I was impressed. I was excited to get you on the show and talk about what we're going to talk about today. So jumping right into it's for those out there listening right now that have absolutely no idea who you are or what you do. Give a brief background on yourself and why real estate. |
5:04.0 | Yeah, well, I'm super excited to be on the show, Josh, I've listened to your podcast your great host, first of all, so excited to be on here. And yeah, what my background is funny enough is I was a high school teacher. So |
5:18.0 | graduated college and what year was that 2014 went right into teaching and I was a basketball coach coach varsity boys basketball and I did that for five years. |
5:28.0 | And I dabbled in real estate a little bit during my time there with the money that I've always been very frugal by nature. So you don't have to worry about me overspending or not even needing it. I don't even need a budget just because I'm naturally not going to spend. |
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