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When creating the cash flow lifestyle, you are going to want to know how to structure deals. Today, I go through the nuts and bolts of how to put deals together and the financing component. Plus, the all important people component. I also have a Free Live Webinar coming up February 20th. Please go to the link and register to everything I’m doing in the multifamily space. The Boardroom is also coming up. I’m going to put on a small event three times a year with 35 participants. This will be a high level group that does a lot of great things and gets a lot of traction. I am doing a six-part webinar series on the six profit pillars and then a 3-day intensive. I’m really going to teach this game, so you can have time and money. Register at Kahuna Wealth Builders. Topics on Today’s Episode: Partner with people who have net worth. This person is a sponsor who puts down the earnest money and provides the net worth and signs for the loan. Give up 10% of your deal for a sponsor. Finding a deal is worth about 10%. It is a simple math process. Make a list of what I have and what I need and put the pieces together. Underwriting guidelines protect the capital or money. If you have no money or credibility give up more to get the deal and get started. Build a track record and build legitimacy. Then you won't have to give up as much. The underwriting will tell you how much you can pay for capital and if the deal is a go or not. Don’t chase deals, only do fat deals. To find sponsors, simply start asking your friends and family and practice asking. You will soon develop a way to ask and find the right person. Don’t ask people for money, ask them who they know. The right people will always self-select. There are people who want to invest who don’t like the ups and downs of the stock market. We buy for the cash flow. Our investors crave consistency. I pay my investors quarterly paychecks or mailbox money. Plus we sell in five years and they get a big chunk of money. Do this over and it creates a rising income story. The deals have to be done conservatively to make money. The golden rule is to take care of the capital 100% of the time everytime. Make a net worth statement on an excel spreadsheet. What you owe minus the properties value is your net worth. Links and Resources Mentioned: Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family Free Live Webinar The Boardroom Join the Free Webinar Quotes: “I really want people to see the authenticity of what I do and the next pieces of the puzzle.” Corey Peterson “If you want to get into the multifamily space, get good at raising capital.” Corey Peterson “Having a deal under your built gives you so much more legitimacy.” Corey Peterson Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #223 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes. AND GO CHECK OUT EPISODE 3! RTU: #223 - Recorded on March 6th 2015 Time for the FUNLOAD: After a trip all over the conversational map, including a stop to discuss modern hair gel usage, we got to ranking our favorite movies with a voice over. See if you agree...
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #220 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes. AND GO CHECK OUT EPISODE 3! RTU: #220 - FUNLOAD - Recorded on February 12th, 2015 Time for the FUNLOAD: We got all over the place in this one, with Guy Fieri, Ashton Kutcher, the Grammys and expiration dates all tackled... in a word, fun. In one made up word, Funload.
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #218 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes. RTU: #218 - Brad Kallet, CBS New York.com WFAN Main Course: We were joined by Brad Kallet Web Producer/Editor/Writer/Columnist CBSNewYork.com and WFAN.com for a great Mets conversation and some intersting talk about sports talk radio, and social media coverage of sports. Fanatstic stuff from Brad, a great place to start for the Mets in 2015.
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #212 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes. AND GO CHECK OUT EPISODE 3~ RTU: #209 - FUNLOAD - Streaming/Recorded on December 18th, 2014 Time for the FUNLOAD: We finally got around to Diners. Sanpete loves em, PJ loves em, Cal loves em. What's your favorite and what's your go to order at one?
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #200 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes, and coming soon: EPISODE 3! RTU: #200 - Streaming/Recording on October 23rd, 2014 at 10pm ET Main Course: Well. How about this. Episode #200. That's a lot. We'll hopefully have a few call ins from some RTU regulars, and we'll reflect on what's been a great time.
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #199 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes, including the just released episode 2! RTU: #199 - FUNLOAD - Bacon Egg and Dad - Recorded on 10/8/14 Main Course: This FUNLOAD we talked breakfast sandwiches and what we learned from our fathers. Basically a Food Network "Best Thing I ever Ate" episode meets Billy Crystal's 700 Sundays. Great fun.
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #197 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes, including the just released episode 2! RTU: #197 - FUNLOAD - Recorded on 10/2/14 Main Course: This FUNLOAD we began by designing hipster establishements in Brooklyn based on TV and Film restaurant and bar names, but the conversation quickly turned to "Everything you wanted to know about cereal, but were afraid to ask". Fun stuff.
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #195 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes, including the just released episode 2! RTU: #195 - FUNLOAD - Recorded on 10/2/14 Main Course: This FUNLOAD had it all. We talked Star Wars stuff, what childhood items you have in clear reach in your house, the posters you had in your room growing up, and of course, the new, terrible off-broadway play, where the set ups are in English but the punch lines are in...Yiddish? Yiddish!
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #194 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes, including the just released episode 2! RTU: #194 - Tonight on PAX Main Course: Holy cow. We went full on the Jets... John Idzik's honeymoon is over. It shouldn't be. And we talked Giants flipping the script on the season's narrative, and Cal falling in love with baseball all over again.
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #193 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes, including the just released episode 2! RTU: #193 - Recorded on 9/25/14 Main Course: We talked Giants, we talked Jets... but then Jeter took over, as he does. Our old friend Dr. E Ray Stat called in and we hashed it out... 2 Mets fans and a Yankee fan, with Jimmy Carter no where to be found.
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #192 - Recorded on 9/18/14 RTU: #192 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes, including the just released episode 2! DUMMY tells the story of Donny, who has a difficult time finding the words to express his thoughts, feelings and opinions. One day he meets Sammy. With Sammy by his side, Donny begins building the courage to speak his mind. Come laugh, cry and cheer for Donny and Sammy as they journey through life and chase their dreams. RTU: #192 - FUNLOAD - Raul Fuentes PJ's old friend Raul Fuentes joined us to talk about his recent conversion from Giants fan to Jets fan, and the maelstrom his announcement set off on FaceBook. Cal recants the story of his change to Jets fan in 2009 when Big Paulie himself had to sign off on it. Then we talked Jeter and over the top with the Jeter and the Jeter thing. Gift baskets were given. Great stuff... enjoy!
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #191 - Recorded on 9/18/14 Main Course: Dom Cosentino, Jets beat writer for NJ Advanced Media (NJ.com) joined us for an hour plus of great talk about the Jets, the NFL, his time at Deadspin, his beginnings in Pittsburgh, and the responsibility of beat writers... He was candid and insightful. A great conversation. RTU: #191 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes, including the just released episode 2!
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #190- Recorded on 9/11/14 RTU: #189 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes, including the just released episode 2! DUMMY tells the story of Donny, who has a difficult time finding the words to express his thoughts, feelings and opinions. One day he meets Sammy. With Sammy by his side, Donny begins building the courage to speak his mind. Come laugh, cry and cheer for Donny and Sammy as they journey through life and chase their dreams. RTU: #190 - FUNLOAD - Joe Dalo Joe Dalo, writer, creator and star of the new webseries DUMMY drops by to talk his work on Punked, and about his days as as standup in Philly in the early 90's. Then we discussed movies who delivered on the build up from friends, and books we should have read but didn't.
Ready to Unload: With Cal & Sanpete Subscribe to the RTU: Podcast in iTunes HERE Also available on STITCHER HERE RTU: #189 - Recorded on 9/11/14 RTU: #189 Episode Partner is: DUMMY - A new web series written, directed and starring Joe Dalo and Izzy Diaz. Subscribe to the DUMMY channel in YouTube for all new episodes, including the just released episode 2! DUMMY tells the story of Donny, who has a difficult time finding the words to express his thoughts, feelings and opinions. One day he meets Sammy. With Sammy by his side, Donny begins building the courage to speak his mind. Come laugh, cry and cheer for Donny and Sammy as they journey through life and chase their dreams. RTU: #189 - Main Course There's a ton going on, from Ray Rice and the NFL's problem with discipline, to the lawsuit filed against the Mets. We'll check in with our buddy Brian Stephens about the Ray Rice mess and the Yankees fall from grace.