#136 with Jonathan Farber: Discussing my Favorite Strategy Right Now and Top of Mind Projects

Millennial Millionaire Real Estate Podcast

English - December 11, 2020 18:44 - 18 minutes - 34.6 MB - ★★★★★ - 56 ratings
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Previous Episode: #135 with Claire Rosenberg: Finding Your Path in Real Estate & The Value of Mentorships

Next Episode: #137 with Dave Seymour: How to Operate a Fund with Over $100 Million in Capital

In this episode, Jonathan Farber discusses his end of year activities and goal updates. In this episode, we jump into topics like: optimizing your lending, creating a process for turnover real estate, what to buy yourself for the holidays, and more!

Top Takeaways:

Maximizing lending capacity - 3:00 - 6:00

The two potential caps on lending are 10 loans or a high enough debt-to-income ratio

Taking on debt when you’re well positioned is a good way to hedge against the future

When starting a new job, for example, lendability drops dramatically for a time

Creating a wholesaling/flipping process - 6:30 - 10:30

Split between three people, the process can be broken down quite simply

One handles lead generation and systems to feed to an acquisitions manager who closes

The third person offloads the property to a buyer with additional systems

Giving yourself the gift of knowledge - 11:30 - 13:00

Instead of indulging in something wasteful, buy yourself something that will help you grow

Courses by industry experts are a great way to improve in a specific discipline