Ep128: The Interview With Offender Number 1 - Marco Kozlowski
Big Fat Real Estate Checks
Marco Kozlowski
5 • 957 Ratings
🗓️ 17 March 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
When handling a deal, it is critical to gather all necessary documents, determine what is missing, and communicate with the seller. In this episode, Marco and his co-hosts spoke with an Offender about handling a dissatisfactory transaction and discussed the right pointers to succeed. Tune in to find out!
WHAT YOU’LL LEARN FROM THIS EPISODE
- The 2 most important items on a deal
- The biggest red flag on the deal
- Issues with geographic location, management team, and lenders
- What if lenders start losing money on deals
- Why do we need to secure our lenders?
CONNECT WITH US
- Email: [email protected]
- Website: https://marcokozlowski.com
- Facebook: https://www.facebook.com/realmarcokozlowski/
- Instagram: https://www.instagram.com/marco.kozlowski/
Transcript
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| 0:00.0 | you have to really understand that you have full control in your contract. |
| 0:03.3 | Like, your contract, if they don't give it to you, you haven't even started DD yet, |
| 0:06.8 | because the contract says, when I receive all these items, I start my due diligence period. |
| 0:11.7 | And if they say, well, I'm going to sell to someone else, they can't because you have control |
| 0:15.5 | until they give you what you need. |
| 0:19.0 | Welcome to the big fat real estate checks podcast with Marco Kuzlowski, where we help investors |
| 0:25.6 | like you get the knowledge and skills you need to replace your J-O-B with passive cash flow for life. |
| 0:34.0 | Welcome to Big Fat Real Estate checks. My name is Marco Kuzlowski, and welcome to another podcast. |
| 0:40.3 | I'll soon be joined by Francesco Galuccio and Gabriela Raish, who will be helping me in an |
| 0:46.7 | interview that we are going to be doing with a offender number one on the missing items in order |
| 0:53.4 | for us to really get his deal pushed through. Now, the intent of this and the last podcast is not to |
| 1:00.1 | put anyone under a bus or to put this person down in any way. These are very common things that |
| 1:06.8 | happen, and from an outside perspective looking in having this insight is going to be very helpful |
| 1:12.4 | when you start getting your own deals and following this process. So you can get 100% financed because |
| 1:19.7 | it's so little risk. There's so much equity, at least 30% off, that even if something were to go wrong, |
| 1:26.1 | it doesn't matter because the lender will end up getting the property. But we can't go into a deal with |
| 1:31.2 | predatory lending practices, meaning that I hope this person fails. We want this person to succeed. We |
| 1:36.5 | don't want to just do a deal for it to go back to the lender, and the lender doesn't want to do a lot |
| 1:41.1 | of deals that just keep going back to them because red flags will be raised, and they'll be labeled |
| 1:45.2 | a predatory lender, which is not the point of the lending process. We want to lend money, |
| 1:50.1 | do good business on an asset that is secure, that is performing as it should with the income that |
| 1:56.7 | can be verified and proven, and we want the lender to get the right percentage. So they win, |
... |
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