Get Rich Education

#216: Hands-on real estate has its risks and rewards vs. passive investment.

Learn about “scaling up” your portfolio into larger buildings.

If you desire to build a large new construction project, you need financing, investors, contractors, and a team. Don’t do it alone.

How do you afford all this? You can ethically take a Developer Fee for yourself.

Our guest, Victor Menasce and I discuss the mindsets and actions around 10-plexes up to 200-unit properties.

We also discuss: buying property on a corner, commercial financing, elevators & parking, new construction vs. rehabs, foundation issues, and mistakes to avoid when “going big”.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Listen to this week’s show and learn:

04:18 Victor Menasce Interview begins.

06:27 Commercial financing qualification.

09:10 Refinancing your existing residential property into commercial loans.

12:06 Operating 10-plex to 12-plexes.

14:59 Corner properties.

17:18 Adding elevators and parking.

22:59 How do you afford all this?

26:55 Building your team.

33:55 Underwriters vet your Property Manager.

35:45 Foundation issues.

37:49 ROI = Return On Involvement

Resources mentioned:

Victor’s Website: VictorJM.com

Victor’s e-mail: victor@victorjm.com

Real Estate Espresso podcast

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Turnkey RE: NoradaRealEstate.com

QRP: TotalControlFinancial.com

Find Properties: GREturnkey.com

GRE Book: GetRichEducation.com/Book

Direct download: GREepisode216_.mp3
Category:general -- posted at: 4:00am EST