Real Dealz 55: Knowing Your Farm Area
In Episode 55, Tucker takes you on a tour of one of our best farm areas in a high-end neighborhood of Lake Oswego, OR. He shows you the projects he’s currently working on and gives you advice on what types of homes we look for when we drive for dollars. He explains why its so important to actually get out there and drive these areas to really see what types of homes are being built so you have a better understanding of your market and how to market to potential sellers. Thanks for watching! Iron Bridge Lending – NMLS 854231 – C-FL 603I808 – OML -5106 (503) 225-0300 Iron Bridge Lending Programs Links: The Deal Finders Academy Iron Bridge Lending Real Dealz Podcast iTunes App Real Dealz Podcast on iTunes 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...
Make Your Money on the Buy!
Robert Kiyosaki said “Make your money on the buy, not the sell; this is true in any investment whether it’s real estate, business, or the stock market.” At first, I didn’t understand what he was trying to say. If you’re buying, you’re spending. Right? Cash outflow, not inflow. Right? Wrong. Think about it like this: when you buy a home at full market value, you haven’t made any money. You have to wait for the home to grow in value to realize any sort of gain. And the gain isn’t real until there is cash in hand. But, when you buy at a discount, that is, when you buy at a price under the home’s actual value, you are paying less to get more. So, what do I mean? Equity. You pay $200,000 for a home worth $300,000, and if you need to liquidate, you’ve got $100,000 in a snap. You are making money immediately on the buy, because there is a gain (equity) already built into the purchase price. It’s all about the purchase. We make our money on the buy, then we fix and we flip, and in the end, we make even more money on the sell. This is why we do direct mail. What more quick tips about REI? Listen to The Real Dealz...
Real Dealz 54: Deal Finders Academy Member Interview
http://traffic.libsyn.com/realdealzpodcast/Ep_54_Final_MP3.mp3Podcast: Play in new window | DownloadEpisode 54, starts with Tucker sharing the latest news with his development company. In the “Market Recap” segment, Tucker goes over the latest RMLS Market Action Report for his Market. In the “Deal of the Week” segment Tucker goes into detail about a current Direct Mail Lead that he has been working on since last year. The main topic segment is our second DFA member interview with Shannon Feick of Cincinnati Ohio. Shannon talks about where his REI business has come from and what his plans are for the future. In everyone’s favorite segment, “Direct Mails Greatest Hits”, Tucker changes it up and shares a message from a positive call that a listener received, showing that house flippers offer a great service at the end of the day. In the “No BS Zone”, he discusses some current issues he’s having with an HOA in a neighborhood were he’s doing a high end remodel. Tucker then ends the Episode with a great success quote by Bruce Lee. We hope you enjoy this episode and please leave us comments and reviews! Episode 54 Segment Notes: Intro/Summary Special Sponsor Segment: Iron Bridge Lending Market Recap: RMLS Market Action Report Deal of the Week: A current Direct Mail Lead in a High-End Area. Interview: DFA Member Shannon Feick of Cincinnati Ohio Direct Mails Greatest Hits: A positive message submitted by a listener No BS Zone: HOA Issues Transition Music: Various Instrumentals Ending Music: Method Man/Red Man : Da Rockwilder Iron Bridge Lending – NMLS 854231 – C-FL 603I808 – OML -5106 (503) 225-0300 Iron Bridge Lending Programs Links: The Deal Finders Academy Iron Bridge Lending Real Dealz Podcast iTunes App Real Dealz Podcast on iTunes 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...
Why Would a Realtor Work with a Real Estate Investor?
This is a little nugget I want to drop on your desk about real estate commissions and investors. Really, I want to ask the question: why would a Real Estate Agent work with a Real Estate Investor? It starts with the listing agent and the seller. If a seller signs an agreement with a listing agent, the contract generally stipulates that all agents on either side of the transaction will split a commission that may range from 5% to 6%. Understand that the commission is split between the listing agent and the buying agent. Since the buying agent is writing the contract, they’ll generally give themselves a few extra basis points. That is, the listing agent gets 3.25% and the buying agent gets 2.75%. Okay, but back to my original question… why would a Real Estate Agent work with an Investor? Why would an Investor work with an agent? Because if that agent has a pocket listing, which are almost always non-retail ready, and the investor doesn’t want to use an agent themselves, the listing agent can then become both listing agent and buying agent. What does this mean? Double commission! The agent unloads a hard house to sell house, all with little work, and the investor gets a discounted house to renovate and flip. Generally, we don’t work with Real Estate agents, but we take a look sometimes. Just to see what they have in their back...
Real Dealz 53: Luxury Townhome Development
In Episode 53, Tucker takes you on a quick tour of one of his latest new construction projects. He’s knocking down the existing home on this lot, splitting the lot, and building two luxury townhomes. This project is in a high-end area of Lake Oswego, where Tucker has several million dollar single-family residential projects going on. We hope you can learn something from this episode and please let us know if you have any questions. Thanks for watching! Iron Bridge Lending – NMLS 854231 – C-FL 603I808 – OML -5106 (503) 225-0300 Iron Bridge Lending Programs Links: The Deal Finders Academy Iron Bridge Lending Real Dealz Podcast iTunes App Real Dealz Podcast on iTunes 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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