Housing Market Crash In 2021, Cryptocurrency News, Labor Shortage

In this episode of Coffee with the Johns we talked about Housing Market Crash In 2021, Cryptocurrency News, Labor Shortage.

The key here is you stay EDUCATED to better protect yourself and your business. You can do that by watching Coffee With The Johns every Friday at 8 AM CST.

***TEXT ME: 210-794-9898 for Insider Tips, information on live streams, events, and amazing free resources!

πŸ“°πŸ”— LINKS πŸ”—πŸ“°

Click HERE to find LINKS to Topics: ο»Ώhttps://aninvestorsjourney.com/coffee-with-the-johns-s02e14/

Working With Hard Money Lenders When Flipping Houses | TFTP w/ Austin Linney

Are you needing a hard money loan for your next rehab?

As Real Estate Investors, funding your deals is an obstacle we all face!

***Join Our Insider Community Text "TFTP" to 210-794-9898 for Insider Tips, information on live streams, events, and amazing free resources!

On this episode of Tips From The Pros - Former Hard Money Lender Employee... Austin Linney Shares EVERYTHING!

Not sure if you should get a Hard Money Loan? WATCH THIS!

⏰ TIME CODES ⏰

0:00 βœ… Working With Hard Money Lenders When Flipping Houses

3:06 βœ… Why real estate investing

5:21 βœ…How your core values keep you out of trouble

7:19 βœ… What do hard money lenders look at

13:00 βœ… Where the hard money lenders get all their money

16:52 βœ… How do you justify somebody's experience

19:21 βœ… What is a HUD

19:41 βœ… What an investor should ask a hard money lender

25:16 βœ… Is Social media making investors motivated buyers

31:22 βœ… Don't focus on the sizzle and take a major risk

32:45 βœ… The BEST deal you ever get is the deal YOU don't BUY

33:17 βœ… Interviewing the Rockefellars - Sell EARLY!

35:50 βœ… Having a lifeblood in your business

36:42 βœ… Repositioning debt & Risk Tolerance in Texas

39:10 βœ… Reading the Tea Leaves. Time IN the market

41:23 βœ… Is it ok not to see the fruits from your investment for 4 years

42:12 βœ… Chasing the WRONG rabbit is NOT the way to go

43:17 βœ… What action can I take today to move the needle

44:00 βœ… Don't go running off YOUR private money lenders

45:04 βœ… YOU have to get married to the process Divorced from the results

46:49 βœ… That's easy for YOU to say BUT I'M BROKE & I don't have enough time

50:36 βœ… It CAN be DONE. Focus on the purpose

59:14 βœ… Let go of YOUR EGO..Talk about YOUR results

1:09:41βœ… Breaking down the hard money loan details

1:19:20βœ… What is the IMPACT to the investor to take the $$ back

1:22:33βœ… What is the best way to use a hard money loan

1:24:07βœ… What is a good vetting process to build a relationship with

1:26:07βœ… What has 5 years done for Austin Linney

1:31:58βœ… A nameless Construction Company that has sold 2 houses

Books Austin recommended:

πŸ“• The Behavioral Investor by Daniel Crosby

πŸ“• The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel

πŸ“• The Slight Edge by Jeff Olson

Austins' Info:

Austin Linney Podcast: Construct Your life

https://www.youtube.com/channel/UCVBk2MDYRDO0DkpBeqXqSLQ

Mind Set Coach

AustinLinney.com

@AustinLinnney - Instagram

πŸ“½ βœ‚ Video editing is done by https://www.instagram.com/directordreday/

Here's more on how to invest in real estate:

πŸš€ Wholesaling Houses Jumpstart Video Series [FREE] http://wholesalingtherightway.com/

πŸš€ Don't know what's next? Schedule a Discovery Call with the Johns! https://courses.prymeacademy.com/StrategySession

🚨 Don't miss Coffee With The Johns LIVE every Friday morning at 8 am https://youtu.be/5FSZRB59BKw

Tips For Investing In The Texas RE Market - CWTJ S2 E13

In this episode of Coffee with the Johns we talked about 5 ways the housing market will change, Evictions, Tax Break in Texas and Covid passport requirements. 

The key here is you stay EDUCATED to better protect yourself and your business. You can do that by watching Coffee With The Johns every Friday at 8 AM CST.

***Join the Insider Community: 210-794-9898 for Insider Tips, information on live streams, events, and amazing free resources!

πŸ—“ SHOW TOPICS πŸ—“

⏰TIME CODES⏰

0:00   βœ… Title

0:01    βœ… Intro - How this crisis has shifted investing

22:31   βœ… Mortgage Firms Face Foreclosure Ban Until 2022 Under CFPB Plan

35:45  βœ… Five Ways the Housing Market Will Change After the Pandemic

1:00:31 βœ… Florida sues CDC to allow cruises to resume U.S. sailings

1:04:14 βœ… Texas Courts Open Eviction Floodgates: 'We Just Stepped Off A Cliff'

1:18:58 βœ… Uber announces $250 million stimulus to bring back drivers

1:26:55βœ… California-based tech company bringing hundreds of jobs to San Antonio

1:30:48βœ… Tax breaks for developers under scrutiny in San Antonio, Texas capitol

1:41:08 βœ… Homeowners question increasing property taxes, say they will protest

1:48:08βœ… Elon Musk issues 'urgent' plea for more housing in Austin, Texas, as Tesla and SpaceX look to fill hundreds of jobs

1:53:23 βœ… Joe Rogan to open comedy club in West Austin

1:55:56βœ… New York launches nation's first 'vaccine passports.' Others are working on similar ideas, but many details must be worked out.

1:58:23 βœ… Florida Gov. Ron DeSantis issues order prohibiting state from issuing 'vaccine passports

1:59:55 βœ… Gov. Abbott Bans Government-Mandated Vaccine Passports in Texas | The Texan

πŸ“°πŸ”— LINKS πŸ”—πŸ“°

Click HERE to find LINKS to Topics

5 Keys on How To Create A Scope Of Work When Flipping Houses

If you’re doing any level of renovation of a house you MUST understand how to create a scope of work.

And if you’re thinking your β€œinvestor-friendly” contractor will do that you’re sorely mistaken!

***You can now TEXT "SOW" to 210-794-9898 to the Scope of Work Cheat Sheet πŸ“‹

In this episode, I’ll show you the 5 keys πŸ”‘ you need to know about putting together a scope of work and how to execute it.

πŸ“’SHOW NOTESπŸ“’

πŸ”‘ Why You NEVER Rely On A Contractor To Create A SOW For You?

A good contractor needs to know HOW to do the job

YOU as the investor needs to know WHAT that job needs to be.

You know this by running comps and seeing what other houses IN THE AREA have done.

Contractors bring their knowledge and experience from doing homes all over the place. But real estate is location-specific.

You may not need to do to one house on one side of town the same work you will do to another.

Neighborhoods are different, buyers are different, and houses are different. Comps will show you this.

πŸ”‘ How Does The Process Work?

I recently did a walkthrough of a project we are currently rehabbing.

In this video, you will see what it is that we look at when walking a house. At the end of this, I will also show you what the ACTUAL SOW looked like when completed.

πŸ”‘ Creating A Scope Of Work

Now that you’ve walked the property and looked at the comps to determine WHAT work must get done you can walk it with your contractor.

You can tell them everything that must get done and see if they have other ideas in a better way.

Now, you create IN WRITING a detailed SOW…

βœ… What are they removing?

βœ… What are they installing?

βœ… Who is responsible for which materials?

βœ… When will the draws be made?

βœ… How much will be held back till completion?

🚨BE SPECIFIC! BE CLEAR!🚨

πŸ”‘ Dealing with Change Orders

A Scope Of Work is a breathing Doc

Depending on the size of the project changes will be made as the project moves forward.

This DOESN’T mean you let them get away with everything as a β€œchange” order.

πŸ”‘Don’t be Emotional

❌You’re not going to β€œsue” them so stop saying that!

❌You’re not going to hit them either

❌Don’t be so quick to fire

❌Don’t fight

❌Don’t assume they’re always trying to screw you

βœ… Be strategic

βœ… Try to resolve all issues or misunderstanding

This is NOT an easy business. Don’t be upset because you have to put in work.

πŸš€BONUS TIP: Control the SOW

Don’t let them jump around too much. Control the phases. This way if you need to fire them you can get someone to step in.

πŸ“½ βœ‚ Video editing is done by https://www.instagram.com/directordreday/

Texas Real Estate Market Update 2021 [⚑First Quarter]

https://youtu.be/jr2lzXtJnwY

Here's more on how to invest in real estate:

πŸš€ Wholesaling Houses Jumpstart Video Series [FREE] http://wholesalingtherightway.com/

πŸš€ Don't know what's next? Schedule a Discovery Call with the Johns! https://courses.prymeacademy.com/StrategySession

🚨 Don't miss Coffee With The Johns LIVE every Friday morning at 8 am https://youtu.be/qnfMFcqKlM0