Forbearance. Pros & Cons | 1009
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 5 May 2020
⏱️ 21 minutes
🧾️ Download transcript
Summary
Amid the pandemic, a lot of CARES Acts suggest using forbearance if you are affected by COVID-19. Hence, Mercedes is rejoined with Caeli Ridge from Ridge Lending Group who explains what are the pros and cons of this mortgage agreement, who should use it, and who should avoid it. Tune in and find out more!
Transcript
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| 0:00.0 | This is terio media. |
| 0:09.0 | So you want to be a real estate investor, |
| 0:11.0 | but you don't want to do the work. If there were only a way |
| 0:14.6 | where someone else could do it for you, now there is. Tune in here each and every |
| 0:19.8 | Tuesday on the epic real estate investing show for turnkey Tuesdays with your host Mercedes Torres. |
| 0:26.2 | Hello and welcome welcome to turn key Tuesdays brought to you by epic real estate investing. My name is Mercedes Torres, your turnkey girl, and I am lucky |
| 0:37.1 | enough to be partners in crime with Mr. Matt Terrio, the guy who created the Epic real estate empire. I help busy professionals create |
| 0:46.4 | passive income so they can retire even sooner and I do that by educating them about passive income and real estate investing. |
| 0:56.7 | So if this is your first time here, so glad you made it. |
| 0:59.8 | If this is not your first time here. Welcome back. |
| 1:04.3 | So, despite what is going on in our crazy world |
| 1:08.9 | with this pandemic, our deal of the week is still going strong believe it or not. We are still crushing it on the deal of the week and this last week we sold an awesome duplex in Birmingham, Alabama. Now it's important I say I |
| 1:27.6 | don't specialize in duplexes. I do come across them every once in a while and I am a little picky about the duplexes or any |
| 1:37.0 | multi family that I pick up simply because I just have done the numbers on a multifamily and although sometimes they appear to be better on paper, |
| 1:48.0 | the transition of multifamily statistically has it performed a little bit lower just |
| 1:55.4 | based on the turnarounds that multif families tend to have. But this duplex |
| 2:01.2 | that was a deal of a week was in a stunning location and it was fabulous. |
| 2:07.0 | And besides, we did a complete rent ready to this property so it had just about everything new plumbing, new HVAC system, a new roof, so it was almost |
| 2:18.8 | a new property. |
| 2:20.1 | And this duplex was 1800 square feet total. |
| 2:24.1 | So each unit was about 900 square feet. |
| 2:27.7 | Each unit had two bedrooms and one bath, |
... |
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