And yet another great collection of challenging questions from our fabulous listeners!
In the studio waxing down our microphones so we can surf the airwaves of radio excellence…
- Your waxing on beach bodied host, Robert Helms
- His wax off co-host, Russell Gray
In this edition of Ask The Guys…
Does it make sense to carry back financing with the threat of inflation looming?
Survey says…it depends! Do the math and the math will tell you what to do.
Does size matter when flipping properties?
Hmmmm….that’s a hard one. Why should flipping properties by any different than….anything else?
Where can a young guy with a day job and not too much money get started on the path to real estate riches?
Fantasyland! Just kidding…
A day job can be a blessing too. After all, when you don’t have much money…one of the easiest ways to get some is to borrow it. And a day job comes in handy for that.
Is it possible to syndicate a deal with no money down?
We presume you mean none of your OWN money…and the answer is…YES!
Of course, if you have some of your own money in the deal, it may be easier to convince investors to put in their money.
Then again, if you have a “first round” of partners, the can provide the “down” money…and then the next round of investors can see that you (and your first round partners) are co-investing.
How do you choose a competent land developer?
Great question! When you find the answer let us know…
Again, just kidding.
Finding ANY good team member is a matter of research…and often it means a referral from someone you trust…AND is qualified to have an opinion.
And when you start interviewing prospective candidates, be sure to look at TWO things: their COMPETENCY (credentials, track record, experience, satisfied customers)…AND their ETHICS.
A nice person who’s incompetent can be nearly as bad as a top notch pro who’d steal you last dime if he had the chance.
If the dollar is doomed as Peter Schiff says, then why would it cause housing prices to fall…doesn’t a weak dollar mean inflation…and RISING prices?
Ooooh…that’s a REALLY great question. And one we spend a lot of time contemplating.
The answer (as we understand it) has more to do with the VELOCITY of money…as opposed to merely the QUANTITY of money.
In short a weak dollar means it takes more of them to buy the same item…IF there is the same demand and the same cost structure.
But when a soft labor market, stagnant wages or declining purchasing power are REDUCING demand and capacity to pay…it can more than offset the weakening of the dollar. At least in the short term.
So don’t be surprised if prices fall before they rise.
How does someone avoid getting ripped off by a crooked turnkey property provider?
Don’t do business with a crook.
Okay, you probably already knew that.
But like the previous question about picking a good land developer, it’s important to evaluate someone’s competency AND their ethics.
So the real question is: what should you look for in a quality turnkey provider.
Great question! And it’s one we asked one of the best turnkey providers we know… Terry Kerr in Memphis Tennessee.
In response, Terry wrote a GREAT white paper called “Terry’s Tips for Turnkey Rental Property Investing“…and you can get one for FREE…right now, right here.
To hear EVERYTHING we have to say about these and other amazing questions, tune in to this exhilarating edition of Ask The Guys…
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