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It’s a big advantage to know the culture of your city on all of these fundamental levels that don’t even really register until you go to another town and go “that’s not the way it is in my town”.Mitch Stephen
Don’t Miss These Fascinating Owner Finance Tactics That Can Help Your Real Estate Business Grow Exponentially!
As they say, “if you don’t adapt, you die”… and many real estate investors aren’t adapting to the market changes.
One of the ways many investors are changing their strategy is by selling properties with owner finance to build big passive income streams and gain an advantage.
Mitch Stephen has bought and sold over 1,500 homes in Texas alone and we talk about how he does his Owner Finance strategy and how he couples that with private money to gain a huge edge and serve his clients the best.
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Interested in owner financing? Heck, even if you’re not, you need to listen to this episode with Mitch and Trevor as they share some really powerful real estate investing tips…The game of life is not an individual game. Click to Tweet
1:50 – Who is owner financing wiz, Mitch Stephen?
6:25 – Strategy for Investing within a specific location.
7:15 – What lead to Mitch making the decision to stay set investing in one location.
11:45 – Importance of being consistent with your team and their roles within the company so there is no confusion.
14:35 – How he began outsourcing deals and who you should hire first.
15:45 – Why not hire people interested in real estate investing? Mitch has some pretty good reasons. And… what type of person he looks for.
17:50 – Using personality tests for hiring and does it work?
18:40 – How is owner financing different from lease to own or being a landlord?
25:40 – How many active clients Mitch holds and how he deals with default payments.
30:15 – The formula for positive value owner financing.
33:50 – How to take banks out of the equation. *Take some time to reverse back to this segment – it holds some amazing information.*
35:20 – Rentals vs. Owner Financing.
37:20 – Structuring private money lending.
43:00 – Why Mitch borrows at the terms he sets.
46:20 – Working with amortized loans.
50:30 – How he handles the Dodd-Frank regulations.
53:55 – What banking will look like in the near future. Mitch’s Crystal Ball.
58:35 – Reviewing all of the information on Mitch’s site 1000houses.com.
1:02:00 – Some parting words of advice for investors.
Always Deliver WOW Through Great Service Click to Tweet