Still Doing Deals... Thanks to These 2 Pivots With Marcus Maloney (Part 2, Post-Coronavirus)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 12 June 2020

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Yesterday, Marcus Maloney showed us how he built his deal-finding machine. Today, he tells us how he's hanging onto it by making two big shifts in his business. When the pandemic hit, lenders got nervous... and that put a couple of Marcus' deals in danger. So did he give up? No! He tapped his own network of private lenders to provide financing to his end buyers—a win-win-win. Plus, Marcus tells us why he's shifted focus to the Midwest since we first spoke and how he worked out a deal with a "great tenant" who wound up unemployed and unable to pay rent. Wondering how to adjust your business to the new normal? Check out this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one. In This Episode We Cover: The problems Marcus ran into in mid-March How he plugged the gap with private money Developing relationships with private lenders before you really need them Why he's concentrating on a lower-priced market How he negotiated with a resident who could no longer afford rent And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus) BiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 Doors BiggerPockets Webinars BiggerPockets Radio Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty Boardman BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus) Check the full show notes here: http://biggerpockets.com/show386-5 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast
0:02.0	Podcast Show 386 part 2.
0:05.0	Actually during COVID-19, we learned quite a bit.
0:08.0	We learned that we can tap into other markets pretty quickly,
0:12.0	you know, and actually pretty affordably.
0:14.6	You're listening to Bigger Pockets Radio, simplifying real estate for investors
0:19.8	large and small. If you're here looking to learn about real estate investing without all the
0:24.8	height, you're in the right place. Stay tuned and be sure to join the millions of others who have benefited
0:31.2	from bigger pockets.com.
0:33.0	Your home for real estate investing online.
0:36.0	What's going on everyone? It's Brandon Turner,
0:38.0	hosted the BiggerPockets podcast here with David Green for a follow-up to yesterday episode. What's up David? What's up David? What's going on? This is David Green for a follow-up to yesterday episode.
0:43.2	What's up David?
0:44.2	What's going on? This is David Green.
0:45.2	Bodyguard to Brandon Turner and suitcase carrier at times.
0:49.2	Bodyguard from like 2,000 miles away.
0:51.8	Yeah, you're like Whitney Houston and I'm like, Kevin Kostner.
0:54.8	Remember that movie? The bodyguard?
0:56.8	I never saw it, but I just saw the song from it.
0:59.4	That's exactly right.
1:00.2	Yeah, so we got a great show today.
1:02.0	We are following up with Marcus Maloney, who we just interviewed a couple weeks ago. I believe I was in Hawaii when we did that.
	...

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