216: Active Real Estate Investing - Pros a Cons

#216: Hands-on real estate has its risks and rewards vs. passive investment. Learn about “scaling up” your portfolio into larger buildings. If you desire to build a large new construction project, you need financing, investors, contractors, and a team. Don’t do it alone. How do you afford all this? You can ethically take a Developer Fee for yourself. Our guest, Victor Menasce and I discuss the mindsets and actions around 10-plexes up to 200-unit properties. We also discuss: buying property on a corner, commercial financing, elevators a parking, new construction vs. rehabs, foundation issues, and mistakes to avoid when “going big”. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 04:18 Victor Menasce Interview begins. 06:27 Commercial financing qualification. 09:10 Refinancing your existing residential property into commercial loans. 12:06 Operating 10-plex to 12-plexes. 14:59 Corner properties. 17:18 Adding elevators and parking. 22:59 How do you afford all this? 26:55 Building your team. 33:55 Underwriters vet your Property Manager. 35:45 Foundation issues. 37:49 ROI = Return On Involvement Resources mentioned: Victor’s Website: VictorJM.com Victor’s e-mail: victor@victorjm.com Real Estate Espresso podcast Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com GRE Book: GetRichEducation.com/Book

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