Manage episode 265332299 series 2516289
The smallest piece of information or a simple strategy can be the missing ingredient to unlocking massive growth in the real estate investor business.
If we want to dominate in this game, we have to constantly focus on growth, gaining the knowledge that takes us further and then taking massive action on what we have learned.
That requires us to adopt the mindset that we never reach a ceiling of knowledge, and that even the most experienced investors still learn and implement new things.
What are some of the banking strategies that can help us maximize profits? Why are community banks great for sourcing money for deals? In this episode, investor and founder of MF Cashflow Mike Fisher shares how he built his 350 door investment portfolio.
Three Things You’ll Learn In This Episode
- The huge benefit of becoming your own bankIf you create and borrow from your own bank, you’ll be able to put a lien on your own property without having to deal with liens from an actual bank.
- Why community banks are better for sourcing money Smaller community banks are more flexible, and actually give us more negotiating power meaning we can structure the finances of our deals in a way that allows us to maximize profits.
- The rental properties that attract tenants in this economyDon’t build your rental portfolio based on where you would want to live, especially in this covid economy. People are looking for clean, safe and affordable property, and if you provide that you can bring value to any community.
Mike Fisher is a real estate investor, founder and CEO of MF CashFlow. He started his career as a builder/contractor, and gained 20+ years of experience building customer relationships, negotiating supplier and subcontractor contracts, and performing hands on building, renovations and rehabilitation of homes, apartments and other commercial structures.
In 2008, Mike decided to embark on a career in real estate investing, building his own investment portfolio while helping others learn and explore opportunities for developing their own real estate investment strategy. As a dedicated real estate investor, he has developed his personal portfolio to 350 units. Visit https://www.mfcashflow.com/ for more information.
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