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The Best Ever CRE Show

JF454: What Your Bank Wants to See; Pay Off Debts for More CASH

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 30 November 2015

⏱️ 41 minutes

🧾️ Download transcript

Summary

Being a real estate investor is very challenging when starting out; nobody wants to lend. Our Best Ever guest shares his advice on making a relationship with his lender and paying of his debts. He has successfully owned and managed hundreds of properties using strategic leverage and continues to inspire and network with others that want to win. His eyes were opened when a class mate made a fortune at the age of 33. Hear his ruthless endeavors to own not just one rental property, but many. Best Ever Tweet: I MUST grow my businesses; I can't sit still! Douglas Skipworth's Real Estate Background: CPA, CFA and started in real estate in 2007 with 0 rentals His firm, CrestCore Realty manages over 2,250 units, hundreds of which Douglas owns Say hi to him at crestcore.com Based in Memphis, TN Download the PDF referenced in the interview here: http://www.bwater.com/Uploads/FileManager/Principles/Bridgewater-Associates-Ray-Dalio-Principles.pdf Subscribe in iTunes  and  Stitcher  so you don’t miss an episode! Made Possible Because of Our Best Ever Sponsors: You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors. We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at http://www.fundthatflip.com/bestever. What’s the Best Ever health plan for YOU? Go to http://www.stridehealth.com/bestever and find a better health plan in 10 minutes or less. On average you’ll save $418 on coverage and care. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Did you know that within a decade women will hold $30 trillion in investable assets?

0:05.3

Yet somehow only 19% of women reported feeling confident in selecting investments that align

0:11.0

with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.

0:23.7

InvestHircon is not just another real estate conference.

0:27.1

It's a transformational experience focused on real estate investing,

0:31.0

business strategies, and self-care tactics, all designed to help women take

0:35.5

control of their financial futures. Gain the knowledge and skills you need to grow

0:40.0

your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.

0:48.0

To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.

0:56.6

That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-K-K-K-K-K-K-K-O-K-Kom,

1:00.6

Promo-Kod 100 best ever to get $100 off your ticket.

1:05.0

We call on the three deadly sins of real estate investing.

1:09.0

We've seen people overpay, over leverage, or mismanaged.

1:13.0

Best ever listeners before we get into today's episode of the interview with our best ever guests.

1:19.0

I want to mention Fun That Flip, because Fun That Flip is an online lender that gives you fast, convenient access to really affordable

1:28.0

money that you need for your Flip project.

1:31.6

So if you're doing residential flips then the main thing I

1:34.8

imagine that you're focused on or the main two things are the deal and the money.

1:40.6

So if you've got the deal pipeline, but you need access to cash and you want to build a

1:47.1

reputation within a group that will continue to invest their dollars into your deals

1:55.4

then go to fund that flip dot com forward slash best ever the the founder of fund that flip is Matt Rodac and he's actually one of my very first guests on the show.

2:07.6

It's episode number seven.

...

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