Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph, a direct private lender in the asset-based lending space, shared updates about the company's offerings, which now include single family 30-year fixed loans, DSCR, and new construction loans of up to 90% loan to cost. He also mentioned that the company provides portfolio loans and unsecured business side accredited strategy discussions.Joseph discussed the current construction costs for real estate investors in 2024 and highlighted that the company offers a rehab construction budget spreadsheet to help evaluate deals. He also touched on the rising trend of home ownership waning, with more people opting for renting and buying investment properties instead.  Joseph discussed strategies to reduce construction costs in real estate development. He emphasized the importance of planning and designing efficiently, using cost-effective materials, optimizing construction processes, negotiating with contractors, and utilizing technology to improve efficiency. He also highlighted the need for being economical in decisions and having a contingency plan for unexpected costs.A buy-and-hold investor himself, Joseph offered advice on how to save money on materials and labor by shopping around, doing work in bulk, and considering less conventional options. He also warned against overestimating one's abilities and highlighted the potential risks and costs of unforeseen issues that may arise during construction. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph underscored the importance of consistent and aligned goal setting for business success. He emphasized the efficacy of LinkedIn for professional connections and the importance of setting SMART goals - ones that are specific, measurable, achievable, relevant, and time-bound. Joseph, a private lender, shared his strategy of focusing on top metro markets and attending investor group meetings to meet around 100-200 people weekly.  Joseph underscored the importance of setting realistic goals in real estate sales and investment, warning against unrealistic expectations that could lead to disappointment. He advocated for a balanced approach, stressing the need for cost-benefit analysis in decision-making and maximizing value in interactions with others.He also identified potential challenges new investors might face, emphasizing the benefits of seeking support and networking. Joseph highlighted the significance of time management, focusing on education, inspiration, and motivation to build strategies with like-minded real estate professionals, and maintaining a healthy lifestyle for success. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph underscored the necessity of a comprehensive understanding of the real estate market for successful long-term investments. He emphasized the importance of continuous professional development to stay informed about industry trends, merging technology, and best practices. Joseph also highlighted the significance of a thorough underwriting process, including a detailed assessment of the property and potential risks, and the need for collaboration with experts in the field.He stressed the importance of understanding the tenants, the leasing process, and the significance of appraisers' evaluations. Lastly, he urged the use of technology for tracking numerical data and reiterated that a holistic approach to property investment, coupled with a strong grasp of numbers, is crucial for success in the industry.  Joseph discussed the pros and cons of investing in condos and townhomes versus single-family homes. He emphasized the importance of considering the specifics of each property, including maintenance needs, insurance costs, and the potential for unexpected expenses. He also highlighted the benefits of a condo or townhome's controlled environment and the potential for easier management. However, he warned that condos could be more expensive to insure due to liability issues and that single-family homes could have hidden expenses due to the age of the property. He advised careful research and analysis of the market and individual properties before making a decision. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph underscored the significance of exploring off-market opportunities and developing relationships with wholesalers in the real estate industry. He also discussed the need for continuous learning, marketing, and professional development for investors, as well as the importance of branding, networking, and a robust online presence. Joseph recognized the contributions of several individuals and entities, including Jordan Perkins, Communication 101, and Landmark Capital, and expressed his interest in establishing referral partnerships. He also advised caution in expanding too rapidly in the unsecured business line of credit for real estate professionals and investors, and highlighted the importance of a strategic approach to podcasting. Lastly, he stressed the necessity of having a clear business direction and a focused approach to generate consistent opportunities.  Joseph provided insights into the current and future state of the real estate market, emphasizing the importance of inventory strategies for investors. He shared his personal goals and recent success, as well as his observations on the changing rental market and potential refinancing options.Joseph also discussed the need for patience, proactive approach, and strategic thinking in the face of competition, while expressing optimism about potential deals. He concluded the discussion by highlighting an overpriced property on the market and advising on opportunities that are still available. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph shared his expertise on cost-effective and durable construction and rehabilitation strategies for rental properties. He highlighted the importance of prioritizing key areas, using energy-efficient materials, and providing quality fixtures and ample storage space. Joseph also discussed the significance of regular maintenance and safety standards.He differentiated between fix and flip and rental properties, advocating for the use of scratch-resistant and waterproof materials in rental properties to minimize turnover costs. Lastly, he stressed the need to understand the local market to determine the appropriate level of quality.  Joseph discussed his concerns about the current state of landlord-tenant relations, particularly regarding squatters and the challenges of maintaining vacant properties. He shared his strategies for affordable renovations to attract tenants, including painting, replacing doors, adding tile, and swapping out switch plates and door handles. He also mentioned his ongoing project of building a personal website.Additionally, he presented an overview of the most competitive rental markets in the US, based on vacancy rates and other factors, expressing his concerns about some of the locations on the list. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph discussed his experiences and challenges in real estate investment, including analysis paralysis, contract management, people management, property maintenance, self-management, and bookkeeping. He expressed concern over the lack of professionalism in presenting deals and the unrealistic expectations it creates. Joseph also highlighted the challenges of securing funding, maintaining accurate records, and the importance of an online presence. He introduced Justin, a Louisiana-based real estate professional, and discussed the challenges he faced in his work, emphasizing the importance of understanding and overcoming personal and financial challenges. Towards the end, Joseph emphasized the importance of understanding various challenges before starting a real estate business, including capital requirements, financing processes, market fluctuations, property management, and exit strategies. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph and Jason discussed the Infinite Banking Concept, which Jason described as a tool to help individuals take control of their financial lives by managing their own banking function. Jason emphasized the importance of using properly structured dividend-paying whole life insurance from a mutual carrier to implement this concept. He clarified that Infinite Banking is not like traditionally structured life insurance and that it involves changing the way one thinks about their finances to better manage their money flow. The discussion ended with Joseph asking Jason to break down the features and benefits of the Infinite Banking Concept (IBC).  Jason discussed IBC, which utilizes a life insurance policy to finance purchases and manage debts, offering benefits such as compounding growth and tax-free access. He also presented a unique financial instrument as an alternative to traditional investment products, particularly useful in real estate scenarios such as wholesaling, fix and flips, and rentals. Jason emphasized the importance of prudent use of these strategies to generate growing cash value. Contact Jason===========Website - https://1024wealth.com/YouTube - https://www.youtube.com/channel/UCyWjwJf_K5tQlxkmB992KjAContact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph led a discussion about the current state and future of the real estate industry. He expressed his excitement about a perceived paradigm shift in 2024 and highlighted the need for transparency, professionalism, and adaptability in the field. He also critiqued the National Association of Realtors (NAR) settlement, stating that it would make the market more competitive and force real estate professionals to be more transparent. Joseph also predicted a consolidation of associations and a reconfiguration of Multiple Listing Services (MLS) and title companies. He concluded by suggesting that small investor groups are eroding the value of larger associations. Joseph predicted interest rate stability and discussed the challenges in the real estate market, particularly the competitive rental market for high-end properties. He also mentioned the shift towards urban and suburban areas and the rise of section 8 non-market rents. Additionally, he addressed the need for transparency in commission rates and suggested leveraging other people's funds to navigate the current economic climate. He emphasized the importance of liquidity, understanding a client's strategy, and recognizing and adapting to the new market paradigm. He also highlighted the availability of more funds in the asset-based lending space than in traditional banking. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph emphasizes the importance of comprehending investment strategies in real estate, understanding the market and financing options, and minimizing risks. He shares his passion for educating real estate agents nationwide and his belief in the significance of working with smarter individuals. He also stresses the need for careful location selection, expansion, and understanding the impacts of recession on properties. Joseph clarifies his specialization in commercial real estate loans and advises against owner-occupied loans. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph discusses his strategies for managing potentially negative situations in his work, emphasizing the importance of documenting issues before communication and providing a positive spin on negative news. He shares his experience in forming partnerships and joint ventures, but only agrees to those that make sense and require a time commitment. Joseph also highlights the importance of treating others fairly and prompt communication. He shares his preference for the commercial lending space over residential due to its less emotional nature. He emphasizes the significance of building relationships that turn into friendships, even with people he invests in. Joseph concludes by expressing his gratitude towards his friends and their contributions to his success. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph, a real estate investor, emphasizes the importance of building relationships within the power team in real estate. He stresses the significance of respecting and mingling with investors and tenants, and shared his personal experiences of how these relationships have helped him navigate challenging times. Joseph also encourages attendees to engage in deeper discussions and maintain a good reputation in the industry. He also highlights a shift from traditional lending to asset-based lending, which requires more creativity and deeper discussions. The benefits of referrals and maintaining a good reputation in the industry were also discussed. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph discusses the current state of the mortgage market, emphasizing the importance of conducting thorough due diligence in properties, people, and paperwork. He highlights the surge in rental inventory due to multifamily development and mentioned the launch of an article on LinkedIn that provides strategies for due diligence.He also shares his recent experience in closing a property purchase, underscoring the importance of due diligence, particularly when dealing with tenants and their leases. He recounts a situation where a tenant's lease could not be produced, causing a discrepancy in the reported rent and a dispute over the security deposit.Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph discusses the current opportunities in the real estate market for investors, highlighting the flexibility and potential for competition with institutional investors in the 2 to 4 unit development market. He emphasizes the importance of understanding the right market, tenant, and documentation, and advised seeking professional advice. Joseph also announced the launch of their YouTube account and his upcoming personal website. He also shared insights into current commercial and refinance rates. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph discusses the importance of choosing the right loan metric for real estate investment. He highlights two essential metrics, the Debt Service Coverage Ratio (DSCR) and Loan to Value (LTV) ratio. DSCR assesses a property's ability to cover its debt obligations with its rental income, while LTV ratio represents the proportion of a property's value that is financed through a loan. Joseph emphasized the significance of DSCR in commercial and residential real estate investments, particularly for income-driven objectives. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph discusses the importance of transitioning from a fast-paced flipping strategy to long-term gains through holding rental properties. He emphasizes the need for deep market analysis, including understanding the local rental market, comparative market rent, and the properties' finishes. He also stresses the importance of buying properties at the right price and comprehending repair costs. He highlights the significance of having a clear exit strategy and understanding the financial plan and renovation improvements. Joseph shared his personal experience of helping a client refinance a property and offered advice on managing contractors efficiently to avoid delays and cost overruns.Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com

Joseph emphasizes the importance of honesty and transparency in dealings with loan officers and account executives. He outlines a basic rental and purchase checklist that includes factors such as market selection, property management, and necessary documentation. Joseph also stresses the importance of understanding the market and its growth potential, as well as the significance of education for first-time investors. He also discussed the process of obtaining a quote, the importance of knowing the client's personal and financial details, and the need for transparency in rates and calculations. Finally, Joseph also highlights the necessity of understanding the details of a property, including its history, current costs, and the borrower's experience. He also emphasizes the importance of being organized and professional when dealing with lenders.Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com