Real Dealz 72: Our “Street of Dreams” Project
In Episode 72, Tucker takes you out to the site of this years Portland area “Street of Dreams” in Lake Oswego and shows you some of the projects that are finishing up for the show next month. He then takes you down the street to our very own “Street of Dreams” project that we think will be much more desirable once our luxury home is built. This is a very exclusive area of Lake Oswego and our project will be sitting on a half acre lot which will give this estate a much grander feeling than those homes in this years show. We’ll be breaking ground on this project soon and we’ll keep you updated on its progress with an expected completion date towards the middle of 2016. We hope you enjoy this episode and please leave us feedback and reviews! Iron Bridge Lending – NMLS 854231 – C-FL 603I808 – OML -5106 (503) 225-0300 Iron Bridge Lending Programs Links: Iron Bridge Lending Negotiating With Sellers The Deal Finders Academy Real Dealz Podcast on iTunes Real Dealz Podcast iTunes App The Dirty Truth: Real Stories From The Real Estate Trenches Real Estate Investing Secrets By Tucker Merrihew: Volume 1 Real Estate Investing Secrets By Tucker Merrihew: Volume 2 Real Estate Investing Secrets By Tucker Merrihew: Volume 3 Contact Email: Tucker@TheRealDealzPodcast.com Info@TheRealDealzPodcast.com Thank you for listening to our Podcast and please give us a review on iTunes and feel free to leave a comment below. Additionally, if you have any questions or would like Tucker to cover a specific Topic, please let us know and we can cover it in a future episode! Thanks...
Today’s $30,000 Hot Topic: Asbestos!
I have a buddy who buys a lot of wholesale deals from us, and a couple months back, he made a major screw up which is going to cost him some big bucks. So, specifically, this lesson is for those doing infill projects, but still applies to those doing rehabs. Alright, what are we talking about exactly? Asbestos. Asbestos is something one deals with on the front end. Before a house can be knocked down, the asbestos must be removed. So, long story short, our wholesale buyer was going to do a knock down the old house had asbestos siding around the outside. Now, there is a certain asbestos siding that can be removed without as special abatement. You can go in there yourself and clean it up. The EPA says it is okay, so you can go in there with a mask and get it done. My buddy decided he was going to clean up this type of asbestos himself, but only after he had knocked the house down. Never mind hiring an excavation company to clean up the mess, he wanted to do the entire teardown and asbestos cleanup himself. Well, bad idea. The asbestos clean up wasn’t possible as it had broken into little pieces and the neighbors figured out what was going on. The EPA arrived, shut the project down, and he is now footing a $2,000-a-day bill for their cleaning up the asbestos. Not mention the hard money he borrowed with the project, it’s turning out to cost him a bundle of $30,000. The lesson here is this: the entire hassle could have been avoided if he had thought a little more about what he was doing. So, deal with this simple stuff on the front end, and the rest of the project will run smoother. You don’t want a $30,000 mess costing you...
Real Dealz 71: DFA Interview w/ Jared Lichtin of the Flip Podcast
http://traffic.libsyn.com/realdealzpodcast/Ep_71_Final_MP3.mp3Podcast: Play in new window | DownloadIn Episode 71, Tucker starts with a summation of whats going on with TTM Development Company and shares his recent thoughts on the podcast. He covers what listeners can expect in this episode and then goes into a quick Market Recap as Portland continues to see even lower inventory levels. Before getting into the Main Interview, Tucker speaks quickly about our Sponsor, Iron Bridge Lending, which is the best Hard Money Lender he has ever worked with. Tucker then has a great discussion with Jared Lichtin of the “Flip Podcast”, who is also a member of the Deal Finders Academy. Jared shares a lot of great info about himself, his move to Houston, how his flipping company is doing as well as his podcasting ventures. We hope you enjoy this episode and please leave us feedback and reviews! Episode 71 Segment Notes: Intro/Summary Special Sponsor Segment: Iron Bridge Lending Main Topic: Jared Lichtin Interview Transition Music: Various Instrumentals Ending Music: Rick Ross – Aston Martin Music Iron Bridge Lending – NMLS 854231 – C-FL 603I808 – OML -5106 (503) 225-0300 Iron Bridge Lending Programs Links: Iron Bridge Lending Negotiating With Sellers The Deal Finders Academy Real Dealz Podcast on iTunes Real Dealz Podcast iTunes App The Dirty Truth: Real Stories From The Real Estate Trenches Real Estate Investing Secrets By Tucker Merrihew: Volume 1 Real Estate Investing Secrets By Tucker Merrihew: Volume 2 Real Estate Investing Secrets By Tucker Merrihew: Volume 3 Contact Email: Tucker@TheRealDealzPodcast.com Info@TheRealDealzPodcast.com Thank you for listening to our Podcast and please give us a review on iTunes and feel free to leave a comment below. Additionally, if you have any questions or would like Tucker to cover a specific Topic, please let us know and we can cover it in a future episode! Thanks...
Seller Leads Just Take Time…
Sometimes, seller leads take a while. How long? Days, weeks, or even a year! It took us a while to learn this lesson. In March, we got a contract back from a seller, which we had been mailing for over a year. They never called and we kept mailing. Then, around the beginning of the year, they were curious to hear what our offer might be… To make a long story short, we agreed on price and we scooped up the property. The reason being is the location. Now, you might be thinking – it’s in a hot area, right? Well, not exactly. Lake Oswego is a hot place for redevelopment, but there are certain pockets and neighborhoods that haven’t caught the bug yet. But, there is only so much space in each neighborhood. It’s a question of scarcity and how long before builders move into another neighborhood. I think this home is in the next hot spot. I made sure to make a land grab on this property because it’s in one of those untouched pockets. My point here is this – everything takes time. The seller may take time to call. You have to be ready and willing to work with them. And, a hot neighborhood doesn’t happen overnight. You need to be one step ahead and make your moves with confidence. So, be ready and pay attention. You want to be one step ahead of the...
Real Dealz 70: How To Make Money Flipping Tear-Downs
In Episode 70, Tucker takes you to our latest acquisition, which is a small tear down home on a nice lot in Lake Oswego. We’ll begin demo soon and will be building a luxurious million dollar home here. Tucker goes into the details and explains how you can easily flip these types of deals to builders in your area. We hope you enjoy this episode and please leave us feedback and reviews! Iron Bridge Lending – NMLS 854231 – C-FL 603I808 – OML -5106 (503) 225-0300 Iron Bridge Lending Programs Links: Iron Bridge Lending Negotiating With Sellers The Deal Finders Academy Real Dealz Podcast on iTunes Real Dealz Podcast iTunes App The Dirty Truth: Real Stories From The Real Estate Trenches Real Estate Investing Secrets By Tucker Merrihew: Volume 1 Real Estate Investing Secrets By Tucker Merrihew: Volume 2 Real Estate Investing Secrets By Tucker Merrihew: Volume 3 Contact Email: Tucker@TheRealDealzPodcast.com Info@TheRealDealzPodcast.com Thank you for listening to our Podcast and please give us a review on iTunes and feel free to leave a comment below. Additionally, if you have any questions or would like Tucker to cover a specific Topic, please let us know and we can cover it in a future episode! Thanks...
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