The Real Estate Lab
Join me, Vee Khuu [https://www.instagram.com/vee.khuu] and my guest, Billy Brown, on the Real Estate Lab Podcast [https://www.veekhuu.com], as we talk about his new projects, how he went from having no passive income to having a $5 million portfolio, and the performance of his portfolio in the midst of the pandemic. Billy is a successful investor, syndicator, strategist and a creative lender. He is the founder of the Investors Capital Group, founder of The Golf Sanctuary, and a co-author of an Amazon best-selling book called the Success Habits of Super Achievers [https://www.amazon.com/Success-Habits-Super-Achievers-Wilson/dp/1735742805]. In this episode, he shares a lot of valuable information that you do not want to miss! Outline of the episode: · [03:44] TrackMan is an application that allows you to play virtual golf. · [06:08] How has COVID-19 impacted their business and current projects? · [10:09] The story of how he found and bought his first multifamily property. · [14:20] You have to know what the fundamentals of lending and investing are before you can get creative. · [17:27] The difficulty is actually finding the truth about the properties and the brokers. · [20:29] Your lender is your biggest partner and not your enemy. When you have experienced buyers buying things right, you’re going to have bigger opportunities. · [23:33] Lenders want to work with a solid team, experienced people, and not rookies. · [26:25] What kind of debt coverage ratio is Billy looking for now during this pandemic? · [29:30] There’s a lot of lending in self-storage and it always has a solid system. · [31:06] You need to have plenty of reserves to be able to be a true professional investor. Make sure you provide great housing because people deserve better. · [33:16] Make sure you’re well capitalized and have enough money in your operating account. Construction projects usually take longer and costs more money. · [36:15] The slower you go down and the less experienced lenders that you have, the lesser options you’re going to be left with. · [39:07] The benefits of having a CCIM designation and why you need to get one. · [44:04] All about Billy’s new book, projects, and Loan Approval Accelerator Program. · [51:15] Who are Billy’s favorite golfers and why? Resources: · Billy Brown’s LinkedIn [https://www.linkedin.com/in/billy-brown-57a47831/] · Company Website [https://billybrown.me/] · Billy’s Free E-Book [https://investors-capital-group.mykajabi.com/opt-in] · Billy@BillyBrown.Me [Billy@BillyBrown.Me] · Success Habits of Super Achievers [https://www.amazon.ae/Success-Habits-Super-Achievers-Brown/dp/1735742805] Support this show http://supporter.acast.com/the-real-estate-lab [http://supporter.acast.com/the-real-estate-lab]. ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.
51 episodios
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