- First Wholesale Deal Gone Wrong with Don Scott
Are you familiar with what a memorandum is in the world of real estate? We'll if you're into wholesaling or buying from wholesalers, at some point in your career, you will. Memorandum's can be a pain to deal with, especially if the individual who filed it is also being difficult. These things can be costly and can go on for years. Our story with Don Scott had multiple memorandums! Listen in to see how many and find out how he was able to deal with them.
If you have a story that you would like to share, go ahead and reach out to us. https://fibicapital.com/be-a-podcast-guest or email us at unrealafestate@gmail.com
Keep up with us!
57m - Apr 11, 2024 - An Appraisal Gone Terribly Wrong with Francisco Martinez
An appraisal can totally kill a deal and what's most unfortunate about this is how late they usually are in the transaction. Picture yourself in a situation where an appraisal comes in WAY under value just days before the contract end date. What do you do? Let's see how Mr. Francisco Martinez was able to navigate this situation. Was he able to save the deal? You'll have to tune in to find out!
If you have a story that you would like to share, go ahead and reach out to us. https://fibicapital.com/be-a-podcast-guest or email us at unrealafestate@gmail.com
Keep up with us!
48m - Mar 28, 2024 - You Bought A What Before Closing with Manuel Martinez
This is something that you never what to hear as an agent, who's days before closing a transaction. Just the thought alone of having to speak with a lender about this is enough to make you nauseous. This would certainly kill a deal for most transactions. Did it stop this one? You’ll have to tune in and see!
If you have a story that you would like to share, go ahead and reach out to us. https://fibicapital.com/be-a-podcast-guest or email us at unrealafestate@gmail.com
Keep up with us!
52m - Feb 29, 2024 - A Murder Before Closing with Sydney Peterson
Imagine being a realtor and you're moments from closing your next deal and you get a call from the sellers agent, that the husband has just murdered the wife in the home. No, we're not making this up, this actually happened and we have Sydney Peterson with us to share every detail.
If you have a story that you would like to share, go ahead and reach out to us. https://fibicapital.com/be-a-podcast-guest or email us at unrealafestate@gmail.com
Keep up with us!
31m - Feb 22, 2024 - The Story of The $68,000 First Start
First starts can be chaotic and our first flip was no exception. We had literally no idea what we were doing. We didn't know the process for closing, how to deal with a tenant, contractors and construction, or how to read offers. Listen in to how beautifully wrong things go and how we were able to maneuver through the entire process of our first flip from start to finish.
If you have a story that you would like to share, go ahead and reach out to us. https://www.smartestrealestateinvestor.com/be-a-podcast-guest or email us at unrealafestate@gmail.com
Keep up with us!
15m - Oct 26, 2023 - The Story of The Widow
This one is a double whammy because not only was the client somehow married to some one who was already married, but they also sold their house to the the other person without even knowing that they sold it to them. This is a story so bizarre that you have to listen.
If you have a story that you would like to share, go ahead and reach out to us. https://www.smartestrealestateinvestor.com/be-a-podcast-guest or email us at unrealafestate@gmail.com
Keep up with us!
27m - Aug 17, 2023 - Property Management Chaos with Ayanna Calvin
Is it possible for the management of an apartment complex to be so bad that it leads to a stabbing? Come on guys, are parking spots really that important? Evidently it is because this is the Unreal AF Estate story by Ayanna Calvin.
If you have a story that you would like to share, go ahead and reach out to us. https://www.smartestrealestateinvestor.com/be-a-podcast-guest or email us at unrealafestate@gmail.com
Keep up with us!
26m - Aug 10, 2023 - The Story of The Manor
Ever been in a situation where you've bought a property, only to find out that someone else supposedly bought it right before you? We'll that's the situation we found ourselves in with one of our projects. A story of he said she said and no documents to back up any of it. Have a listen to the story of the manor.
If you have a story that you would like to share, go ahead and reach out to us. https://www.smartestrealestateinvestor.com/be-a-podcast-guest or email us at unrealafestate@gmail.com
Keep up with us!
14m - Aug 3, 2023 - A New Direction
We have been off the scene for a little while now and we wanted to explain why. Simply put, the previous version didn't feel authentic to who we are and it felt like we were doing what everyone else was doing.. and that just didn't feel right to us. So what did we do? We changed every aspect of the show to fit what we felt was right to us. We wanted to highlight the not so great situations that investors find themselves in during projects and transactions. Situations so crazy that they seem unreal AF.
If you have a story that you would like to share, go ahead and reach out to us. https://www.smartestrealestateinvestor.com/be-a-podcast-guest or email us at unrealafestate@gmail.com
Keep up with us!
2m - Aug 3, 2023 - Scaling Fast in Multifamily with Raquel Adkins
From singer to real estate entrepreneur, then going 0-40 units in 3 months. Raquel Adkins has to be the most passionate and disciplined guest we've interviewed so far. With only one month between reaching out and the time of the recording of the interview, Raquel went from 40 units to 491 units! That's $70M AUM! Tune in for a story of excitement and sacrifice that will leave you completely blown away and inspired.
A few topics covered:
1. Why multifamily?
2. How did Raquel scale so fast?
3. Raquel's biggest struggle?
4. Finding limited partners.
Say Hello to Raquel!
Instagram: @RAD_INVESTORS
Keep up with us!
59m - Feb 7, 2023 - Accelerate Wealth Building with Patrick Grimes
Wealth building is strategies is at the core of our podcast. And seeing as though Patrick Grimes has strategies to accelerate that process, made it a no brainer to have him on. This interview has one strategy after another. Some you may have heard of and some you may not, so it's best to listen intentionally to the entire interview. There really nothing more that we can say that would sum up this one.. It's just that good! So rather than bore you hear, just go ahead and tune in.
A few topics covered:
1. Real estate investment strategy that's best for wealth building.
2. What are the risks for single-family and multifamily investors?
3. How passive investors can accelerate wealth building
4. What is a 1031 exchange?
Show Resources
Facebook Page
https://www.facebook.com/InvestOnMainStreet
Instagram
https://www.instagram.com/invest_on_main_street/
YouTube Channel
https://www.youtube.com/channel/UC-B4rNcRiMKTnWnClyd0Ojg
Forbes Articles
Say Hello to Patrick!
LinkedIn: @Patrick Grimes
Keep up with us!
42m - Jan 30, 2023 - Defending The Deal with Dorian Lam
We've always viewed title companies as one of the most important components to closing a deal. It's where all the issues come to light and shows how a good escrow officer can save you from serious heartache. Dorian Lam is shows how he's one of those good escrow officers, as he dives into things to watch out for, the importance of establishing a relationship with a title company, and how a title companies purpose is not to tell you why your deal can't close, but to make sure that it does. Did we mention that he's known as the Defender of The Deal?
What good is a deal if it doesn't close? -Dorian Lam
A few topics covered:
1. The role of a title company.
2. Important things to look for on a title commitment
3. The differences in title work between residential and commercial deals.
4. A one million dollar water bill!
Say Hello to Dorian!
LinkedIn: @Dorian Lam
Keep up with us!
E11 - 40m - Nov 14, 2022 - Private Mortgage Lending with David Steinfeld
As investors we tend to know the role of a private mortgage lender, but how much do we know about the actual operations of running the business. Things like how to decide to lend or not, how much value to put on the character of the person borrowing funds, and etc.. We're diving into all of this in this episode and we also learn the similarities between lending here in the states and our friends up north in Canada. David Steinfeld of StoneField Capital leaves no stone unturned as he gives us an intimate view of his operations and thought process on private mortgage lending. This is an episode that you don't want to miss!
A few topics covered:
1. Different ways to utilize private mortgages.
2. What's more important, the property or the character of the borrower?
3. How to maximize the amount you can borrow.
4. How debt is the best place to be in the capital stack.
Say Hello to David!
LinkedIn: @David Steinfeld
Keep up with us!
E10 - 46m - Nov 10, 2022 - From 7 Figure Amazon Seller to Real Estate Investor with Joey OConnell
You don't always start in real estate to end up becoming a real estate investor. In Joey's case, he started off as an Amazon seller and found a mentor who used Amazon as a funding source to acquire apartment complexes. He used the knowledge gain from his mentor to purchase, remodel, and sell his first real estate project for a multiple six figure profit. This story is the perfect mix of our typical interview combined with an "I can't make this up" flare, based on the obstacles that came up throughout the project. This is an episode that you don't want to miss!
A few topics covered:
1. Finding a reasonable thing to do with the 7 figure Amazon income.
2. How to overcome the zoning rules enforced by the city.
3. Completing his own remodel with no contractors on his first deal.
4. The property being purchased by a celebrity.
Say Hello to Joey!
Instagram: @thatofficialjoey
Keep up with us!
E9 - 30m - Sep 26, 2022 - Don Scott - From 0 to 200 Doors In Two Years
If you think that you have to be some big shot to get started in investing in apartments, you may be surprised and just how wrong you are. Our guest Don Scott has gone from 0 to 200 doors in less than 2 years, while being completely self taught. His story paints a vivid picture on how he stumbled through deals until he found his way. Sounds familiar? Yeah, probably because that's how most of us learned how to do even beginner strategies, such as wholesaling. Basically, if you can learn how to wholesale, you can learn how to acquire apartment complexes.
A few topics covered:
1. Feeling safe enough to leave a full time corporate job.
2. The importance of relationships when finding deals.
3. Balancing being a fulltime investor and family man.
4. The mindset it takes to take on partnerships with investors.
Say Hello to Don!
Instagram: @the_don_of_real_estate
Keep up with us!
E8 - 36m - Aug 10, 2022 - I Can’t Make This Stuff Up - The Story Of Drew
Stories that are just so unbelievably true that we couldn't possible make this up. From delayed closing after delayed closing, to a cash app scamming, and even an argument over who owns the left over junk. Here’s the story of Drew.
E7 - 20m - Apr 7, 2022 - How Do Federal Interest Rates Impact Hard Money Lending
With an economy shift on the horizon, we’re starting to hear more about federal interest rates increasing. So undoubtedly the next question on investors mind is how will this impact hard money lending. Here’s our take on the topic.
A few topics covered:
1. The effects of supply and demand vs federal interest rates.
2. How leverage, loan to value, and having skin in the game effects your hard money interest rate.
3. Underwriting criteria and asset based lending.
4. The importance of speed with hard money lending.Keep up with us!
@bousewife - JaQuita
@marcusdewayne - Marcus
https://www.smartestrealestateinvestor.com/E6 - 14m - Mar 28, 2022 - How To Design Your Flips Profitably
Since our very first flip we have been consistently asked “How are you able to design your flips so nice, and still remain profitable?”. We’ll today we are going to sit down with designer JaQuita McCauther herself to pick her brain on how she goes about doing just that.
A few topics covered:
1. Methods for keeping up with what’s trending.
2. Knowing the market where your property is located and what makes them comfortable.
3. Checking out the competition and seeing where you can add more value.
4. Building relationships with your vendors and suppliers to keep material cost reasonable.Keep up with us!
@bousewife - JaQuita
@marcusdewayne - Marcus
https://www.smartestrealestateinvestor.com/E5 - 14m - Mar 22, 2022 - Having To Pass On A Home Run Deal
Often times being real estate smart extends far beyond how to analyze deals. This one had nothing to do with comps or “the numbers”, this one was riddle with family drama and legal trouble. In this one, we go into how we were smart enough to avoid this deal all together.
A few topics covered:
1. Shared easement and thoughts about adding another driveway.
2. Daughter’s trying to sell their house, but the grandfather owns the house that the land is on.
3. Title company couldn’t insure title because they couldn’t prove that the signature of the heirs weren’t forged.
4. Family members suing each other over land.Keep up with us!
@bousewife - JaQuita
@marcusdewayne - Marcus
https://www.smartestrealestateinvestor.com/E4 - 14m - Mar 14, 2022 - Gloria Gutierrez - The Importance Of Educating Yourself and How To Level Up and Build An Effective Team
Ever wondered how real estate investors get their start and then take off into what seems like a straight shot to the top? We’ll it wasn’t easy and Gloria surely worked her tail off to get there. Join us as Gloria shares her incredible story and drops a ton of nuggets and inspiration along the way.
A few topics covered:
1. The importance of building an effective team.
2. Gloria’s experience as a minority and woman in real estate.
3. Her views on training and masterminds.
4. A decision to split from a partnership and how she learned and grew from it.Say Hello to Gloria!
Instagram: @gg_buys_housesKeep up with us!
@bousewife - JaQuita
@marcusdewayne - Marcus
https://www.smartestrealestateinvestor.com/E3 - 31m - Mar 7, 2022
