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The Best Ever CRE Show

JF584: Hire an ADMIN First, and Do Us a Favor...Update Your Vision Board! #followalongfriday

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 8 April 2016

⏱️ 14 minutes

🧾️ Download transcript

Summary

Today Joe shares with us all the successes and goals he has in his life, like closing on a large apartment community and updating his vision board. He shares with us a piece of a book he is reading where it prompts readers to hire an admin before a sales rep and why you should do so. Joe shares why it is OK to update your vision board over time, tune in and follow along!Best Ever Tweet:Your first hire should be an administrative support hire...Please Take 4 Min and Rate and Review the Best Ever Show in iTunes.  Listen to all episodes and get a FREE crash course on real estate investing at:http://www.joefairless.com Need financing? Are you a buy-and-hold investor or doing fix and flips? I recommend talking to Lima One Capital. A Best Ever Guest told me about them after I asked how he financed 10 properties in one year. They are an asset-based lender with unique programs for long-term hold and fix and flippers. Click to learn more or, better yet, reach out to Cortney Newmans at Lima One Capital. His cell is 404.824.6121. Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg Subscribe in iTunes  and  Stitcher  so you don’t miss an episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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, Con.com, promo code 100 best ever to get $100 off your ticket.

1:05.0

Your first hire should be an administrative support hire, not a sales hire, not a creative hire.

1:12.0

And that's really helped shape the direction of how I approach

1:15.3

things with my business. Best ever listeners I want to mention Lima One Capital and

1:19.2

I found out about them through a guest that I was interviewing on the show and he mentioned how he was

1:25.4

scaling his business he was actually buying 10 single family homes within one year and

1:31.5

I asked them how were you able to buy 10 single single family homes and how are you financing that he's like oh well I just use an asset based lender

1:39.2

That's like who is that and he told me it's a Lima one capital I reach out to them afterwards got to know them and they are the sponsor of today's episode because they've got some unique lending programs one of them is called Rental 30, where as I mentioned

1:56.2

they're an asset-based lender so they're lending based on the properties

2:00.2

appraised value as well as they look at the down payment that you're bringing to

2:04.4

the table and the cash reserves. They'll lend up to 75% loan to value and this is

2:09.8

huge. This is huge because typically as a single family investor your lending a strength is based on your personal income as well as how many properties you have, how many loans you have out.

2:25.2

There's no restrictions on portfolio size with their rental 30 program.

...

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