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The Highs and Lows of Creative Real Estate Investing with Alexander Perkins
- 2024/11/20
- 再生時間: 21 分
- ポッドキャスト
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サマリー
あらすじ・解説
What does it take to turn a risky property investment into a profitable success, even when starting from the lowest lows?
In this episode, Alexander Perkins explores the highs and lows of real estate investing through personal stories of perseverance, creativity, and resourcefulness. From navigating the challenges of sub-to deals and executive contracts to the emotional toll of sleeping in a woodshed during renovations, Alexander shares insights into overcoming setbacks and building a sustainable real estate portfolio. Along the way, Angel and Alexander discuss master leases, mindset shifts, and the power of making money work for you.
[00:01 - 04:03] Creative Finance 101
- Defining executive contracts and sub-to deals
- Tax implications and benefits of different strategies
- How understanding laws in your state impacts your investments
[04:04 - 08:29] Master Leases: A Versatile Tool
- Explaining master leases as "commercial sub-to" options
- Why trust is critical in negotiating these deals
- Evaluating their pros and cons compared to ownership models
[08:30 - 12:39] Surviving the Renovation Rollercoaster
- Alexander’s first live-in hold: balancing a demanding job and home renovations
- Facing lows like sleeping in a woodshed or a bathtub
- The emotional resilience required to see the project through
[12:40 - 16:45] Lessons from Tough Tenants
- Why some landlords avoid rentals after bad experiences
- Angel's perspective on shifting mindsets and seeing potential in rentals
- Making informed decisions to avoid repeat mistakes
[16:46 - 20:58] Scaling with Creative Hustle
- Leveraging city resources to find new opportunities
- How Alexander's grit led to his first creative finance deals
- The power of starting small and staying persistent
Key Quotes:
“Sometimes, all you can do is put one foot in front of the other and keep going.” – Alexander Perkins
“If someone can truly embody how low the lows were and still see the highs overcome that devastation, it speaks volumes about what real estate can do.” - Angel Williams
Connect with Alex:
LinkedIn: https://www.linkedin.com/in/alexander-perkins-rei/
Facebook: https://www.facebook.com/alex.perkins.83/
Instagram: https://www.instagram.com/alex_perkins96/
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