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The Best Ever CRE Show

JF606: Fix and Flip Goes South in MULTIPLE Ways! #situationsaturday

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 30 April 2016

⏱️ 32 minutes

🧾️ Download transcript

Summary

Today's story starts off sounding like a homerun deal, a $50,000 purchase on a $350,000 turn around could be exciting, except there were many roadblocks in the way. Hear how this situation turned into a hairy one every step of the way, and got worse and worse until the end. Matt Faircloth real estate background: Co-Founder of The DeRosa Group and has done more than $10,000,00 of transactions using private money Raised over $3,000,000 in private money without investing any of their own money into the deals Based in Trenton, New Jersey Say hi to them at http://www.derosagroup.com/ Check out landlord tips on their YouTube channel, Landlord Chronicles Best Ever Tweet: I think the mistake is to assume that things are static in real estate. 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

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0:11.0

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0:23.7

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0:27.1

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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

The lesson is that you can't use today's market to predict a future market and that's true of cap

1:09.9

rates for apartment buildings that's true of fixing flips and whatever

1:13.8

I think the mistake is to assume that things are static ever in real estate

1:19.6

best ever listeners I want to mention Lima 1 Capital and I found out about them through a

1:24.7

guest that I was interviewing on the show and he mentioned how he was scaling his business.

1:29.8

He was actually buying 10 single family homes within one year and I asked them how were

1:36.4

you able to buy 10 single family homes and how are you financing that he's like oh well

1:40.0

I just use an asset-based lender.

1:43.0

I was like, who is that?

1:44.2

And he told me it's a Lima One Capital.

1:46.9

I reach out to them afterwards, got to know them,

1:49.6

and they are the sponsor of today's episode

...

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