Eat, Sleep, Invest Bryan Driscoll & Chad Keller

Transactional funding is another great way to close on deals faster, especially when you’re doing double closings. In today’s episode, we have Daniel Paloscio, a real estate investor and private lender who is focused on these kinds of loans to help us learn more about transactional funding.

Listen now to learn more about Daniel, transactional funding, and why you need access to it as a real estate investor!
 
Key Talking Points of the Episode
 
00:00 Introduction
00:35 When did Daniel get into real estate investing?
01:33 What is transactional funding?
03:30 How does transactional funding work?
05:25 How did Daniel get involved in transactional funding?
07:42 How does Daniel’s experience as a real estate investor help the lending business?
08:49 How did Daniel’s real estate portfolio do doing COVID?
09:54 Where do short-term rentals perform the best?
11:04 What is it like to self-manage short-term rentals?
13:13 How many properties should an investor have before hiring a property manager?
15:05 What are the benefits of having a property manager for short-term rentals?
17:14 What kind of short-term rentals does Daniel own?
18:59 How does Daniel pre-qualify landlords for their property management business?
20:22 What services does Daniel’s property management include?
21:42 How does Daniel help clients acquire properties nationwide?
23:36 How can people reach out to Daniel for transactional funding?
 
Quotables
 
“In a situation where you have to buy and sell on the same day, transactional funding will be your best, and most of the time, cheapest option.”
 
“As long as you have an acquisition and disposition contract, as long as you set your closings up to be on the same day, to have a double closing and as long as it’s the same title company, you’re guaranteed funding.”
 
“We have one job and that’s to show up with the money, and we make sure we do that right every time.”
 
“I understand the business from an investor’s point of view and I understand what’s important to an investor, specifically a wholesaler.”
 
“If you’re gonna be near the beach, I should say you wanna get like a 4br 3ba+ – those are gonna be the houses that you can really get $140K-$150K gross.”
 
“There’s not a lot that we won’t manage, especially if it’s in an area that is gonna do well for the owner.”
 
Links
 
Website: Double Close Transactional Funding
https://www.doubleclose.com/
 
Email: Daniel Paloscio
info@doubleclose.com
 
Website: SEP Home Buyers
https://www.sephomebuyers.com/
 
Website: Vacation Rentals of Florida, LLC
https://www.bookvrof.com/
 
Email: Daniel Paloscio
daniel@bookvrof.com

Kim Lisa Taylor is a corporate securities attorney from a firm that specializes in helping real estate investors set up their businesses and individuals to get into deals legally. Her main responsibility is to help private investors and syndicators understand securities laws that they need to comply with so they can execute their deals successfully and legally. 
 
Listen now to learn more about Kim, the importance of securities laws, and what we need to know if we’re planning to become passive investors!
 
Key Talking Points of the Episode
 
00:00 Introduction
00:30 Who is Kim Lisa Taylor?
01:42 What is a private investor?
02:35 What liabilities come with being a private investor?
04:05 Why should people work with someone like Kim before investing with anybody?
05:18 What regulatory agencies does Kim help investors deal with?
06:50 What made Kim decide to be in this business?
07:40 What mistakes are people making when they first start investing in syndications?
09:44 Why is it important to vet the people you’re investing with thoroughly?
10:06 What mistakes are investors and syndicators making with securities laws?
11:43 What is an exempt offering?
12:35 How do corporate securities attorneys help syndicators with exemptions?
13:15 What are the common exemptions that syndicators qualify for?
14:56 Why do federal exemptions require accredited investors to be part of the deal?
17:00 Why would people choose to not advertise their investments?
18:02 What is the importance of your track record in commercial real estate?
19:02 What is the best way to connect with Kim?
 
Quotables
 
“My favorite part is helping them figure out how to do it and how to structure it with their investors so that it’s fair for everybody.”
 
“If you don’t know them, you wanna make sure they have a track record doing what they’re asking you to participate in now.”
 
“You wanna make sure that you understand securities laws so you understand what they have to be doing in order to legally invite you into their deals.”
 
“When somebody is offering an investment of money in a common enterprise with an expectation of profits based solely on the efforts of the promoter, that’s called an investment contract.”
 
“You’re gonna have to follow an exemption, so based on what you tell us on our initial interview, we’ll be able to figure out which exemption is appropriate for you.”
 
Links
 
Book: How to Legally Raise Private Money
https://www.amazon.com/How-Legally-Raise-Private-Money/dp/1079151885
 
Website: Syndication Attorneys
https://syndicationattorneys.com/

Chad Griffiths is an industrial real estate investor based in Canada. He started his real estate journey pretty much like everyone else in residential real estate, and eventually found his way to industrial real estate with the help of some partners.
 
Listen now to learn more about Chad, industrial real estate investing, and what it is like to be in this asset class!
 
Key Talking Points of the Episode
 
00:00 Introduction
00:43 What is Chad’s background in real estate investing?
01:23 What is industrial real estate?
02:50 What are flex-industrial properties?
03:51 Why do these properties turn into under flex-industrial?
04:58 What do investors look at when evaluating industrial real estate?
06:17 How does the construction of an industrial building impact its value?
08:45 What does Chad look for when he’s evaluating industrial buildings?
11:07 How is the value calculated for industrial properties?
12:45 Why did Chad get into industrial real estate?
14:30 How has the pandemic affected office buildings?
17:54 What mistakes can investors avoid when getting into industrial real estate?
21:35 Why is patience important when investing in industrial properties?
23:11 What makes tenants in industrial buildings easier to manage?
26:26 What is it like to have corporations as tenants?
28:48 How can you connect and learn more about Chad?
 
Links
 
Youtube: Chad Griffiths
https://www.youtube.com/channel/UCRc7fHYWp9ThYaReiz8jhyQ
 
LinkedIn: Chad Griffiths
https://ca.linkedin.com/in/chadgriffiths

Hayato Hori, the owner of RocketOffr, is a California-based real estate investor focused on investing in midwest markets. His real estate operations range from wholesaling to rental properties and he is with us today to share his experience in different niches and different markets. 
Listen now to learn more about Hayato, his operations at RocketOffr, and what it’s been like to be a long-distance investor!
Key Talking Points of the Episode
00:00 Introduction
00:34 What does Hayato do?
01:00 Why did Hayato choose to invest in the midwest?
02:56 How did Hayato take on investing out of state?
04:41 What does Hayato’s virtual operations look like?
06:51 How did Hayato start expanding his marketing efforts?
08:10 Where does Hayato find people to help him with business virtually?
09:05 What is Hayato’s disposition strategy for his wholesaling business?
11:25 Why does Hayato rent his properties to Section 8 tenants?
13:15 What is it like to get a rental prepared for Section 8?
14:43 How can you handle property damages from Section 8 tenants?
15:44 Why do Section 8 tenants take better care of rental properties?
17:00 What strategies are landlords using to attract tenants in today’s market?
19:44 Why are tax assessments important in the kind of market we have today?
22:20 How can you connect with Hayato? 
 
Links
 
Instagram: Hayato Hori
https://www.instagram.com/hayantooo/
 
Website: RocketOffr
https://www.rocketoffr.com/properties-for-sale346171034

Running marketing campaigns to motivated seller leads can be tiresome and confusing to a lot of real estate investors. What data is important? What channels do you market on? What budgets to set? How many follow-ups turn into a deal?
 
On this episode Micah Johnson with 80/20 REI answers these questions based on factual data that his team studies and implements. 
 
Key Takeaways:
 
0:00 Introduction
0:30 Introduction to Micah Johnson and 80/20 REI
2:00 How to reach motivated leads efficiently and effectively
2:37 It’s not just the data, it’s what you do with it
3:32 Lists that marketers can hit to drive leads
4:15 How we contact pre-foreclosure leads
5:08 Do you cold call before or after a mail drop?
6:30 The advantage of text blasting leads
7:43 How long to follow up with your motivated seller leads
9:50 Why now is the time to market more
12:15 Approaching your motivated leads as a “helper”
13:55 How Micah got into the real estate space
15:10 The number one mistake investors make in their marketing
16:25 Setting your marketing budgets
 
Micah’s Book Recommendation: https://amzn.to/3ZOrLOS
 
Connect with 80/20REI! 8020rei.com

Chris Haddon has been a private lender for real estate investors for the past 15 years. They started in 2007, right around the great real estate crash, and they’ve been a great resource in the mid-atlantic since then. Today, aside from being one of the most reliable lenders in their local market, Chris has also started their own mastermind for hard money lenders to help other lenders take their businesses to the next level. 
 
Listen now to learn more about Chris, what it was like for him to be in business during the crash, and how he came to start the Hard Money Mastermind!
 
Key Talking Points of the Episode
 
00:00 Introduction
00:30 Who is Chris Haddon? 
01:08 What was it like for Chris to start his business around the real estate crash?
04:04 How did Chris start growing his business to what it is today?
05:05 What was Chris’ edge in the market when they started?
07:13 What made Chris decide to shift his focus on private money lending?
08:40 Why did Chris decide to sell off their rental properties?
10:08 How do Chris’ commercial investments work? 
11:04 How did Chris benefit from having a business coach?
12:30 What strategies have worked really well for Chris?
13:10 Who Chris’ ideal investor?
15:20 What does this business look like for Chris in the future?
16:42 What made Chris decide to start a mastermind?
19:09 Why are masterminds a great investment for entrepreneurs?
20:24 What kind of value can you get out of a mastermind?
24:00 Who can join the Hard Money Mastermind?
25:11 How can you reach out to Chris and his team?
 
Links
 
Website: Hard Money Bankers
https://hardmoneybankers.com/
 
Website: Hard Money Mastermind
https://www.hardmoneymastermind.com/
 
Podcast: The Private Lenders’ Podcast
https://podcasts.apple.com/us/podcast/private-lenders-podcast/id1476153070
 
Book: The 4-Hour Workweek
https://www.amazon.com/4-Hour-Workweek-Escape-Live-An