JF3720: Closing $10K Properties at the Table, Mastering Owner Financing, and Tackling $5M Single-Family Investments ft. Randal McLeaird

The Best Ever CRE Show

Best Ever CRE

Investing, Entrepreneurship, Business

4.7 • 996 Ratings

🗓️ 10 November 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe Cornwell interviews Randal McLeaird, a seasoned real estate investor and owner of Ridgeline Investment Group. Randal shares his journey into real estate, starting from his first deal in 2009 to scaling his flipping business and transitioning into multifamily investments. He discusses the mindset of new investors, the importance of understanding market trends, and the strategies that have worked for him over the years. The conversation also touches on the challenges and changes in the real estate market, especially during and after the COVID-19 pandemic. Randal emphasizes the need for Careful Consideration in investment decisions and the importance of understanding risks involved in real estate. He also outlines his current focus on acquiring small multifamily properties and expanding his single-family owner financing business. Randal McLeaird | Real Estate Background Ridgeline Investment Group & Agents Building Cashflow Based in: San Antonio, TX Say hi to him at: LinkedIn Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action.
0:13.9	For more information, go to bestever show.com.
0:16.9	I lost $5,000, $10,000, $15,000 on that deal just to get a free house. And I was like, no, just because you can, it doesn't mean you should. And it's more complicated than you think it is real estate. You got to be patient.
0:29.1	Welcome to the best ever CRE show, the world longest running daily commercial real estate podcast. If you want real stories behind the good, the bad, and the worst ever deals, plus
0:37.8	insights into what really goes on in the commercial real estate investing, you're in the right
0:41.6	place. Our host interview commercial real estate experts every day to uncover secrets and
0:45.8	strategies you can use to become a better, more informed investor. This is the best ever
0:51.0	CRE show. Best ever listeners, welcome to the best ever CRE podcast.
0:55.5	I'm your host, Joe Cornwall.
0:56.8	And today I'm joined by Randall McLeard.
0:59.4	Randall's the owner of Ridgeline Investment Group.
1:01.6	He also is the host of the agents building cash flow podcast.
1:05.8	He's done single family flips, owner finance deals, syndications, multifamily, and more.
1:10.1	Right now, his portfolio is 250 units and
1:12.5	single family notes. He's also done over 100 flips. First time on the show. Randall, welcome.
1:18.6	How are you today? I'm doing great. I'm excited to be here. You guys have such an awesome show.
1:23.2	It's an honor to be on. Well, we appreciate your time and you joining us today. So since it's your first
1:28.1	time of the show, let's jump into your background, where are you from, and then how did you
1:32.5	initially get into real estate? Sounds good. I am from San Antonio and been buying and flipping
1:38.1	here and doing my investing here predominantly. I got into real estate. The short version is got out
1:43.3	of college when worked for a buddy of mine who didn't go to college. Same birthday as me, same everything. The guy already had a mortgage company. He had houses. He had assets. He had toys. He had all kinds of stuff. I was like, okay, what the hell was I doing in the last four years? So anyway, that got me into real estate. He gave me rich at board ad, read that, and then started looking at buying some things.
2:02.7	Didn't actually buy anything until 2009.
	...

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