Podcast: Download (Duration: 40:24 — 11.8MB)
On this episode of the Investor Financing Podcast, Beau talks to Ronald Walker, podcast host of Real Estate Power Play, about the opportunities that are available through financing.
Timestamps
[00:08] Beau opens up the episode about creative financing
[00:42] Welcoming Ronald onto the show and explains his credentials in creative financing and real estate world
[03:30] Being ready and getting the right tools to use
[04:13] Ronald identifies direct mail in finding the deals
[05:47] Using seller direct and live hand-off as one of Ronald’s primary funnels
[06:44] Easier operations and transaction coordination through the help of virtual assistants
[08:07] Understanding the real estate game and treating it like a business
[09:31] What does Ronald thinks about the amount of opportunity in the next six months?
[12:40] Be on a business with good people and good businesses
[14:30] How does internal marketing playing well in West Michigan?
[16:06] One of the biggest mistakes that Ronald have made
[17:30] How does Ronald started into creative financing?
[19:35] What do you want to own?
[20:17] Represent yourself with reputation when making money
[23:35] Know how to structure deals in any angle
[24:33] Don’t pay taxes if you don’t have to
[24:45] Ronald elaborates being seduced by cash
[25:56] Dealing with 100-year-old properties
[26:31] Being able to balance the amount of cash and the amount of net worth together
[27:45] Beau’s point of view as a commercial mortgage broker
[28:27] What should you do if you want to be a full time real estate investor
[30:18] “A rising tide floats all boats….. only when the tide goes out do you discover who’s been swimming naked.” – Warren Buffett
[30:52] Creative financing is just a solid tool that allows you to maximize an opportunity
[32:05] Learning the elements of creative financing can open up so many doors
[32:20] Who is Ronald Walker’s most impactful influences in creative financing learning journey?
[35:18] Ronald’s favorite books about business and personal development that you might take time to read as well
[37:52] Where to go to find out more about Ronald