Episodes

Sunday Feb 19, 2023
The Art Of Storytelling In Business #MakingBank #S7E31
Sunday Feb 19, 2023
Sunday Feb 19, 2023
The Art Of Storytelling In Business #MakingBank #S7E31
Welcome back to Making Bank. On today's episode, we have John Livesay, AKA, the Pitch Whisperer, who is an incredible keynote speaker. His TEDx Talk, “Be the Lifeguard of your own life”, has over 1 million views and was featured on the Larry King Show.
He has an innate ability to motivate companies, sales teams to turn mundane case studies into compelling case stories so they win more new business.
Check out today's episode with John Livesay on Making Bank.
(3:29) Background
John Livesay majored in advertising and he realized that the commercials that stood out to him were the ones with emotional connection. That's where he launched his speaking career and he has been on his own for several years, getting hired by tech companies and healthcare companies.
(4:52) Storytelling
John says that he uses storytelling in his sales because many times people tend to react to any product, service, jobs emotionally. So when you learn to tell a story that other people see themselves in, that's where the magic happens.
(13:37) Creating The Story
These are the questions you need to ask, “Who's the person that made the decision to hire you? What was their problem? Do we care if the problems aren't there?” Ask yourself these questions and eventually the story will be created.
(17:09) The Pitch Whisperer
John Livesay became known as The Pitch Whisperer because during one of his talks that he was hired to do he asked them what if he stayed after his talk and could whisper in people's ears something from his talk that they got stuck with. Ever since then he became known as The Pitch Whisperer.
(18:50) Sales Struggles
The most common mistake made was that many forget that people buy a business or company first. Most salespeople jump right into selling their products, explaining facts without allowing the people to know them first. You have to sell yourself first and the best way to do that is with a story of origin.
(21:52) Be Your Own Lifeguard
John Livesay talks about how he has always been his own lifeguard and this is very important because in times of need we cannot expect anyone to come help us. We have to figure out ways to get out of difficult situations ourselves because if we cannot be our own lifeguard, life will get very difficult.
(23:22) Key Takeaway
Get off the self-esteem rollercoaster. You’ll only feel good about yourself if you're winning and you're hitting your goals. Think of yourself as the movie director of your own life. Cut, edit, change the location if you do not like how it is going. Never get stuck where you are if you do not like it and always strive for a better life.
Links
Text the word Pitch, P I T C H to the number 66866, you’ll get the first chapter of the new book “The Sale Is In The Tale” for free and it's all about a salesperson struggling in a slump.
www.john levie.com
The Pitch Whisperer
@thepitchwhisperer

Sunday Feb 19, 2023
The Art Of Storytelling In Business #MakingBank #S7E31
Sunday Feb 19, 2023
Sunday Feb 19, 2023
The Art Of Storytelling In Business #MakingBank #S7E31
Welcome back to Making Bank. On today's episode, we have John Livesay, AKA, the Pitch Whisperer, who is an incredible keynote speaker. His TEDx Talk, “Be the Lifeguard of your own life”, has over 1 million views and was featured on the Larry King Show.
He has an innate ability to motivate companies, sales teams to turn mundane case studies into compelling case stories so they win more new business.
Check out today's episode with John Livesay on Making Bank.
(2:41) Background
John Livesay majored in advertising and he realized that the commercials that stood out to him were the ones with emotional connection. That's where he launched his speaking career and he has been on his own for several years, getting hired by tech companies and healthcare companies.
(4:05) Storytelling
John says that he uses storytelling in his sales because many times people tend to react to any product, service, jobs emotionally. So when you learn to tell a story that other people see themselves in, that's where the magic happens.
(12:49) Creating The Story
These are the questions you need to ask, “Who's the person that made the decision to hire you? What was their problem? Do we care if the problems aren't there?” Ask yourself these questions and eventually the story will be created.
(16:22) The Pitch Whisperer
John Livesay became known as The Pitch Whisperer because during one of his talks that he was hired to do he asked them what if he stayed after his talk and could whisper in people's ears something from his talk that they got stuck with. Ever since then he became known as The Pitch Whisperer.
(18:03) Sales Struggles
The most common mistake made was that many forget that people buy a business or company first. Most salespeople jump right into selling their products, explaining facts without allowing the people to know them first. You have to sell yourself first and the best way to do that is with a story of origin.
(21:04) Be Your Own Lifeguard
John Livesay talks about how he has always been his own lifeguard and this is very important because in times of need we cannot expect anyone to come help us. We have to figure out ways to get out of difficult situations ourselves because if we cannot be our own lifeguard, life will get very difficult.
(22:35) Key Takeaway
Get off the self-esteem rollercoaster. You’ll only feel good about yourself if you're winning and you're hitting your goals. Think of yourself as the movie director of your own life. Cut, edit, change the location if you do not like how it is going. Never get stuck where you are if you do not like it and always strive for a better life.
Links
Text the word Pitch, P I T C H to the number 66866, you’ll get the first chapter of the new book “The Sale Is In The Tale” for free and it's all about a salesperson struggling in a slump.
www.john levie.com
The Pitch Whisperer
@thepitchwhisperer

Sunday Feb 12, 2023
Real Estate Investing #MakingBank #S7E30
Sunday Feb 12, 2023
Sunday Feb 12, 2023
Real Estate Investing #MakingBank #S7E30
Welcome back to Making Bank. On today's episode, we have Mat Simmons who is a 20 year business veteran and a 16 year veteran in Real Estate and investing. He has built multiple successful companies over the last 20 years, including three seven figure exits, and with over 200 million under management and 470 million in total transactions since 2014. Matt has been seen as a forward thinking business operator with a take no prisoners type of attitude. He's often called upon by business owners across the country and real estate leaders for his business ideas, strategies and sales training capabilities.
Check out today's episode with Mat Simmons on Making Bank.
(2:20) Background
Mat Simmons talks about how his business life started from him not liking school, to being a professional motocross rider who later then got injured and was then shown the business side of life by his mentor and this was the main reason as to what kick started his journey in the business world.
(4:49) Getting Into Real Estate
Mat Simmons talks about how in his career he invested into real estate and many other businesses. Then he also went back to race professionally which then left him injured for a year and his entire business crashed as well. The only thing left constant was his Real Estate investments and this was why he decided to completely focus on just Real Estate.
(8:20) The Downfall
Mat Simmons says that his main downfall was like most entrepreneurs, always like to do things alone and hence, many things failed when he was not around. This was his first downfall in the business.
(9:37) Real Estate Portfolio
Mat Simmons stated that they started off with smaller multifamily and ultimately grew into larger complexes. They focused primarily on class B and class C. They stayed away from anything class A luxury.
(11:15) Class B & C Vs Class A
Mat Simmons' take on this was that Class A properties are easily bought off by big companies and competing with these big companies will be hard. Moreover, with inflation happening all around, these properties soon become a liability making the market go for Class B and C. This is why they concentrate mainly on Class B and C.
(14:24) Property Evaluation
It has to fit in with the buy box. Mat Simmons says they primarily buy in the Sunbelt area, which is North Carolina, South Carolina, Georgia, Florida, Texas, Tennessee. These are the main focus from day one.
(17:31) Advice For Beginners
Make sure that your interest rate is lower than your cap rate, so you're not negatively leveraged and make sure that whatever you're buying right now with any loan program or debt you're using, does not have a prepayment penalty on it within the next two to three years.
(22:38) Investing In Real Estate
If someone wants to invest in real estate, they can come in, invest with us. The minimum is 50,000. Our multi-family pays a 9% preferred dividend, which they start making within the first 30 to 45 days of investing with us and from that point on, they're into the deal with us.
(24:16) Tax Benefits
If you invest a hundred thousand dollars with us and because of cost segregation and our depreciation that we passed through our investors, you might be able to write off up to sometimes $60,000, $80,000 in that year one against your income that will reduce your tax liability.
(26:19) Key Takeaways
Know that you can actually start buying and investing in real estate much easier with less out of pocket than you actually thought.
Links
@realmatsimmons

Sunday Feb 12, 2023
Real Estate Investing #MakingBank #S7E30
Sunday Feb 12, 2023
Sunday Feb 12, 2023
Real Estate Investing #MakingBank #S7E30
Welcome back to Making Bank. On today's episode, we have Mat Simmons who is a 20 year business veteran and a 16 year veteran in Real Estate and investing. He has built multiple successful companies over the last 20 years, including three seven figure exits, and with over 200 million under management and 470 million in total transactions since 2014. Matt has been seen as a forward thinking business operator with a take no prisoners type of attitude. He's often called upon by business owners across the country and real estate leaders for his business ideas, strategies and sales training capabilities.
Check out today's episode with Mat Simmons on Making Bank.
(3:02) Background
Mat Simmons talks about how his business life started from him not liking school, to being a professional motocross rider who later then got injured and was then shown the business side of life by his mentor and this was the main reason as to what kick started his journey in the business world.
(5:30) Getting Into Real Estate
Mat Simmons talks about how in his career he invested into real estate and many other businesses. Then he also went back to race professionally which then left him injured for a year and his entire business crashed as well. The only thing left constant was his Real Estate investments and this was why he decided to completely focus on just Real Estate.
(9:00) The Downfall
Mat Simmons says that his main downfall was like most entrepreneurs, always like to do things alone and hence, many things failed when he was not around. This was his first downfall in the business.
(10:18) Real Estate Portfolio
Mat Simmons stated that they started off with smaller multifamily and ultimately grew into larger complexes. They focused primarily on class B and class C. They stayed away from anything class A luxury.
(11:56) Class B & C Vs Class A
Mat Simmons' take on this was that Class A properties are easily bought off by big companies and competing with these big companies will be hard. Moreover, with inflation happening all around, these properties soon become a liability making the market go for Class B and C. This is why they concentrate mainly on Class B and C.
(15:06) Property Evaluation
It has to fit in with the buy box. Mat Simmons says they primarily buy in the Sunbelt area, which is North Carolina, South Carolina, Georgia, Florida, Texas, Tennessee. These are the main focus from day one.
(18:12) Advice For Beginners
Make sure that your interest rate is lower than your cap rate, so you're not negatively leveraged and make sure that whatever you're buying right now with any loan program or debt you're using, does not have a prepayment penalty on it within the next two to three years.
(22:20) Investing In Real Estate
If someone wants to invest in real estate, they can come in, invest with us. The minimum is 50,000. Our multi-family pays a 9% preferred dividend, which they start making within the first 30 to 45 days of investing with us and from that point on, they're into the deal with us.
(24:50) Tax Benefits
If you invest a hundred thousand dollars with us and because of cost segregation and our depreciation that we passed through our investors, you might be able to write off up to sometimes $60,000, $80,000 in that year one against your income that will reduce your tax liability.
(27:00) Key Takeaways
Know that you can actually start buying and investing in real estate much easier with less out of pocket than you actually thought.
Links
@realmatsimmons

Sunday Feb 05, 2023
Importance Of Leadership #MakingBank #S7E29
Sunday Feb 05, 2023
Sunday Feb 05, 2023
Importance Of Leadership #MakingBank #S7E29
Welcome back to Making Bank. On today's episode, we have Kyle McDowell who is a best-selling author, speaker, and leadership expert. With nearly three decades of experience leading tens of thousands of employees as some of the largest companies in America, including UnitedHealth Group, CVS Health, Bank of America. Kyle's passion for people and proven track record for cultivating truly authentic and courageous leaders was born from an unwavering belief that there's a better way to thrive in corporate America.
Check out today's episode with Kyle McDowell on Making Bank.
(2:30) Background
Kyle tells us about his early working life where he spent nearly 30 years in corporate America. For his first job he worked in a regional bank in Tampa and this was the start of his life where he was thrown into a lot of work situations where he got to notice how much he can give from a leader’s perspective.
(4:25) Boss Vs Leader
A boss is someone that checks boxes, they are always ready to call you out or point out your errors and tell you where you're lacking in terms of your delivery. A leader is also the same but the major difference is the leader actually cares.
(8:07) Vulnerability
Being vulnerable involves recognizing faults, recognizing areas of fear, recognizing that we don't have all the answers. It's inauthentic for us to act like we’re not concerned or we don't have faults. We need to be authentic. We need to just be us.
(11:00) Principles
The most important principle that we all should follow is to always do the right thing. This will matter a lot because if we deviate from our ways we can always go back to the foundation of doing the right thing.
(14:37) Common Issues
Most common issue faced is obsessing over activity and judging ourselves based on our activity versus the outcome. Kyle talks about this one issue that even big companies faced in today’s world.
(18:33) Taking Ownership
We need to think like the founder whenever we do any project for a company or organization because when we do this we take ownership completely of the work we do and we will automatically give our best and try to shoot for maximum excellence.
(24:49) Setting Clear Expectation
Too many times we expect people to do things and behave in a way that we've not really set the clear expectation and then we wonder why they failed or we wonder why they've stumbled. We need to do the right thing. We need to lead by example. We need to say what we're gonna do, and then we do it.
Links:
@kylemcdowellinc

Sunday Feb 05, 2023
Importance Of Leadership #MakingBank #S7E29
Sunday Feb 05, 2023
Sunday Feb 05, 2023
Importance Of Leadership #MakingBank #S7E29
Welcome back to Making Bank. On today's episode, we have Kyle McDowell who is a best-selling author, speaker, and leadership expert. With nearly three decades of experience leading tens of thousands of employees as some of the largest companies in America, including UnitedHealth Group, CVS Health, Bank of America. Kyle's passion for people and proven track record for cultivating truly authentic and courageous leaders was born from an unwavering belief that there's a better way to thrive in corporate America.
Check out today's episode with Kyle McDowell on Making Bank.
(2:30) Background
Kyle tells us about his early working life where he spent nearly 30 years in corporate America. For his first job he worked in a regional bank in Tampa and this was the start of his life where he was thrown into a lot of work situations where he got to notice how much he can give from a leader’s perspective.
(4:25) Boss Vs Leader
A boss is someone that checks boxes, they are always ready to call you out or point out your errors and tell you where you're lacking in terms of your delivery. A leader is also the same but the major difference is the leader actually cares.
(8:07) Vulnerability
Being vulnerable involves recognizing faults, recognizing areas of fear, recognizing that we don't have all the answers. It's inauthentic for us to act like we’re not concerned or we don't have faults. We need to be authentic. We need to just be us.
(11:00) Principles
The most important principle that we all should follow is to always do the right thing. This will matter a lot because if we deviate from our ways we can always go back to the foundation of doing the right thing.
(14:37) Common Issues
Most common issue faced is obsessing over activity and judging ourselves based on our activity versus the outcome. Kyle talks about this one issue that even big companies faced in today’s world.
(18:33) Taking Ownership
We need to think like the founder whenever we do any project for a company or organization because when we do this we take ownership completely of the work we do and we will automatically give our best and try to shoot for maximum excellence.
(24:49) Setting Clear Expectation
Too many times we expect people to do things and behave in a way that we've not really set the clear expectation and then we wonder why they failed or we wonder why they've stumbled. We need to do the right thing. We need to lead by example. We need to say what we're gonna do, and then we do it.
Links:
@kylemcdowellinc

Saturday Jan 28, 2023
Entrepreneurial Mentorship #MakingBank #S7E28
Saturday Jan 28, 2023
Saturday Jan 28, 2023
Entrepreneurial Mentorship #MakingBank #S7E28
Welcome back to Making Bank. On today's episode, we have Ryan Blair, the former co-founder and chief executive officer of Vice, a multi-level marketing company.
In 2011, he wrote a book titled Nothing to Lose Everything to Gain How I Went from gang member to multimillionaire entrepreneur, which reached the New York Times bestseller list for hardcover business books, as well as another book in 2016.
Rock Bottom to Rockstar Lessons from the Business School of Hard Knocks. He was the Ernst Young Entrepreneur of the Year in 2012. And now he teaches entrepreneurs the principles he has used to build multiple companies without sacrificing his purpose. Build your business without sacrificing your purpose or spirituality through Altercalls.
So check out today's episode with Ryan Blair on Making Bank.
(5:14) Background
Ryan started his entrepreneurial life very early. He was always trying to make money even as a young boy. When he grew up he got into bad company, he joined a gang due to unfortunate events in his life and this kickstarted his entrepreneurial life more. He later got out and vowed to stay legal and live a better life that has legal entrepreneurship.
(11:27) Key Takeaways
Ryan mentions how he is good at reading people and this helps him to know which people are good for him and which aren't. He has the ability to steer clear away from bad people. His mindset is one built on strength as opposed to one built on weakness.
(15:25) Mentorship
Ryan had a very rich successful mentor who thinks differently in everything. In money, in dreams and this completely changed the perspective of how Ryan thinks as well. This was when his life as an entrepreneur really started.
(19:25) Principles
Principle that Ryan lives by is “I learn what I want to teach and then I teach what I want to learn.” He talks about how when he wakes up he’s asking himself, what book does he want to dive into? What does he want to teach?
(24:02) Making Connections
Ryan talks about how he always felt that he is worthy of a connection with people. He strongly believes everyone is equal and we can learn from them. He makes connections with people who are willing to allow him and he lets go of people who aren’t. He just keeps learning from those who allow him without ever thinking they are so far of his reach.
(29:57) Spiritual Focus
When you're spiritually inclined, a lot of people believe that money is mutually exclusive, but being spiritually focused, you can actually generate far more wealth because the money that you generate has a deeper meaning. You will call it in with more reverence.
(32:29) Altercall
Alter call is three years old and where entrepreneurs are helped in building and executing with purpose and are then helped to exit. The number of entrepreneurs went from a small million dollar a year operation to tens of millions of dollars a year. They are great contributors to their team, to the marketplace, to their communities.
Links:
@realryanblair
@altercallmovement
hoo.be/ryanblair/

Saturday Jan 28, 2023
Entrepreneurial Mentorship #MakingBank #S7E28
Saturday Jan 28, 2023
Saturday Jan 28, 2023
Entrepreneurial Mentorship #MakingBank #S7E28
Welcome back to Making Bank. On today's episode, we have Ryan Blair, the former co-founder and chief executive officer of Vice, a multi-level marketing company.
In 2011, he wrote a book titled Nothing to Lose Everything to Gain How I Went from gang member to multimillionaire entrepreneur, which reached the New York Times bestseller list for hardcover business books, as well as another book in 2016.
Rock Bottom to Rockstar Lessons from the Business School of Hard Knocks. He was the Ernst Young Entrepreneur of the Year in 2012. And now he teaches entrepreneurs the principles he has used to build multiple companies without sacrificing his purpose. Build your business without sacrificing your purpose or spirituality through Altercalls.
So check out today's episode with Ryan Blair on Making Bank.
(2:22) Background
Ryan started his entrepreneurial life very early. He was always trying to make money even as a young boy. When he grew up he got into bad company, he joined a gang due to unfortunate events in his life and this kickstarted his entrepreneurial life more. He later got out and vowed to stay legal and live a better life that has legal entrepreneurship.
(8:35) Key Takeaways
Ryan mentions how he is good at reading people and this helps him to know which people are good for him and which aren't. He has the ability to steer clear away from bad people. His mindset is one built on strength as opposed to one built on weakness.
(12:32) Mentorship
Ryan had a very rich successful mentor who thinks differently in everything. In money, in dreams and this completely changed the perspective of how Ryan thinks as well. This was when his life as an entrepreneur really started.
(16:31) Principles
Principle that Ryan lives by is “I learn what I want to teach and then I teach what I want to learn.” He talks about how when he wakes up he’s asking himself, what book does he want to dive into? What does he want to teach?
(21:09) Making Connections
Ryan talks about how he always felt that he is worthy of a connection with people. He strongly believes everyone is equal and we can learn from them. He makes connections with people who are willing to allow him and he lets go of people who aren’t. He just keeps learning from those who allow him without ever thinking they are so far of his reach.
(27:05) Spiritual Focus
When you're spiritually inclined, a lot of people believe that money is mutually exclusive, but being spiritually focused, you can actually generate far more wealth because the money that you generate has a deeper meaning. You will call it in with more reverence.
(29:47) Altercall
Alter call is three years old and where entrepreneurs are helped in building and executing with purpose and are then helped to exit. The number of entrepreneurs went from a small million dollar a year operation to tens of millions of dollars a year. They are great contributors to their team, to the marketplace, to their communities.
Links:
@realryanblair
@altercallmovement
hoo.be/ryanblair/

Sunday Jan 22, 2023
Creative Way To Finance #MakingBank #S7E27
Sunday Jan 22, 2023
Sunday Jan 22, 2023
Creative Way To Finance #MakingBank #S7E27
Welcome back to Making Bank. On today's episode, we have Chris Prefontaine, Founder and CEO of Smart Real Estate Coach and host of the Smart Real Estate Coach Podcast.
Chris has been in real estate for over 31 years. His experiences ranged from constructing new homes in the nineties to owning a reality. Executive franchise to running his own investments through commercial and residential and coaching his clients throughout North America. He helps his students navigate the constantly changing real estate waters today. Chris and his family and team run their creative financing business, and they're still in the trenches every day.
So check out today's episode with Chris Prefontaine on Making Bank.
(2:23) Real Estate In 2023
There's uncertainty with the media screaming, recession. Interest rates are going up and buyers are getting pushed to the side but Chris assures his wife that they will be fine and that this is the time they really need creative ways to finance to really help people.
(3:29) Background
Chris Prefontaine was fired from a family business that got sold which led him to go into Real Estate full time. He built a bunch of homes, then owned a franchise, eventually sold that to Coldwell Banker in 2000. He then coached people throughout the US and Canada leading up to the crash. The crash destroyed him mentally but it caused him to re-engineer the business to what it is today.
(4:35) Creative Financing
Everyone went into a panic due to the pandemic. Businesses went crazy and the same happened for Chris and their company. He had to do twice as many calls to get the same deal. Due to this whole situation and the uncertainty, creative financing became a huge part of today’s basic needs.
(8:36) Free And Clear
Chris talks about how they typically choose free and clear like 98% of the time, and there's some hybrid as well. But 98% of the time they’re doing these deals and structuring with the owner a monthly principal only payment. And these are the deals that they would always take.
(10:17) Subject To Existing
When you move to something like the subject to existing financing, it's usually the case when, if someone's house is taken over and there's an underlying debt, sometimes, it's just what the house is worth and the debt is taken over. No other financing. No other creativity. There’s creativity with how it is held for bank reasons only.
(14:42) Lease Purchase
Lease purchase is sort of the most attractive for a new person because the lease purchase agreements allow an individual to have the seller sign the lease purchase agreement, whereby now they control the property and built into the agreement is a whopping $10 deposit only.
(18:58) Multi Family
There are just some very tired landlords right now, that went through COVID and they're now hearing the press scream recession,that it made them not want to do it next run.They just don't want to deal with it. So, they're willing to do some owner financing and become sort of the bank.
(19:51) The Right Sellers
There are plenty of people to talk to because of Covid and now the economy, they're willing to sell and they're willing to structure some really cool terms.
(24:02) Teaching Real Estate
If you just come in and learn the techniques, there's one constant about real estate. It's always changing.
(25:40) Top 3 Tips
Pick a niche or industry you can get behind, find someone in the niche that is where you want to be and put the blinders on for three years.There's just too many shiny objects in business and it's easy to get thrown off.
(26:31) Free Book
You're gonna get a couple of the best sellers with a ticket to our event for free. Our next live event, just go to wickedsmartbooks.com/bank
Links:
wickedsmartbooks.com/bank
@smartrealestatecoach
realestateonyourterms.com
chris@smartrealestatecoach.com

Sunday Jan 22, 2023
Creative Way To Finance #MakingBank #S7E27
Sunday Jan 22, 2023
Sunday Jan 22, 2023
Creative Way To Finance #MakingBank #S7E27
Welcome back to Making Bank. On today's episode, we have Chris Prefontaine, Founder and CEO of Smart Real Estate Coach and host of the Smart Real Estate Coach Podcast.
Chris has been in real estate for over 31 years. His experiences ranged from constructing new homes in the nineties to owning a reality. Executive franchise to running his own investments through commercial and residential and coaching his clients throughout North America. He helps his students navigate the constantly changing real estate waters today. Chris and his family and team run their creative financing business, and they're still in the trenches every day.
So check out today's episode with Chris Prefontaine on Making Bank.
(3:10) Real Estate In 2023
There's uncertainty with the media screaming, recession. Interest rates are going up and buyers are getting pushed to the side but Chris assures his wife that they will be fine and that this is the time they really need creative ways to finance to really help people.
(4:16) Background
Chris Prefontaine was fired from a family business that got sold which led him to go into Real Estate full time. He built a bunch of homes, then owned a franchise, eventually sold that to Coldwell Banker in 2000. He then coached people throughout the US and Canada leading up to the crash. The crash destroyed him mentally but it caused him to re-engineer the business to what it is today.
(5:21) Creative Financing
Everyone went into a panic due to the pandemic. Businesses went crazy and the same happened for Chris and their company. He had to do twice as many calls to get the same deal. Due to this whole situation and the uncertainty, creative financing became a huge part of today’s basic needs.
(9:22) Free And Clear
Chris talks about how they typically choose free and clear like 98% of the time, and there's some hybrid as well. But 98% of the time they’re doing these deals and structuring with the owner a monthly principal only payment. And these are the deals that they would always take.
(11:04) Subject To Existing
When you move to something like the subject to existing financing, it's usually the case when, if someone's house is taken over and there's an underlying debt, sometimes, it's just what the house is worth and the debt is taken over. No other financing. No other creativity. There’s creativity with how it is held for bank reasons only.
(15:29) Lease Purchase
Lease purchase is sort of the most attractive for a new person because the lease purchase agreements allow an individual to have the seller sign the lease purchase agreement, whereby now they control the property and built into the agreement is a whopping $10 deposit only.
(19:43) Multi Family
There are just some very tired landlords right now, that went through COVID and they're now hearing the press scream recession,that it made them not want to do it next run.They just don't want to deal with it. So, they're willing to do some owner financing and become sort of the bank.
(20:38) The Right Sellers
There are plenty of people to talk to because of Covid and now the economy, they're willing to sell and they're willing to structure some really cool terms.
(24:38) Teaching Real Estate
If you just come in and learn the techniques, there's one constant about real estate. It's always changing.
(26:30) Top 3 Tips
Pick a niche or industry you can get behind, find someone in the niche that is where you want to be and put the blinders on for three years.There's just too many shiny objects in business and it's easy to get thrown off.
(27:17) Free Book
You're gonna get a couple of the best sellers with a ticket to our event for free. Our next live event, just go to wickedsmartbooks.com/bank
Links:
wickedsmartbooks.com/bank
@smartrealestatecoach
realestateonyourterms.com
chris@smartrealestatecoach.com