🎧 🏋️‍♀️ 🚗 Listen to our podcast on the GO! 🎧 🏋️‍♀️ 🚗

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: CWTJ @  210-794-9898 For Real-Time updates, Property Tours, and much more

Cryptocurrencies are hitting all-time highs, housing inventory is at all-time lows, and labor shortages are hurting small businesses.

🗓 SHOW TOPICS 🗓

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 ✅ Working With Hard Money Lenders When Flipping Houses
3:06 ✅ Why real estate investing
5:21 ✅How your core values keep you out of trouble
7:19 ✅ What do hard money lenders look at
13:00 ✅ Where the hard money lenders get all their money
16:52 ✅ How do you justify somebody's experience
19:21 ✅ What is a HUD
19:41 ✅ What an investor should ask a hard money lender
25:16 ✅ Is Social media making investors motivated buyers
31:22 ✅ Don't focus on the sizzle and take a major risk
32:45 ✅ The BEST deal you ever get is the deal YOU don't BUY
33:17 ✅ Interviewing the Rockefellars - Sell EARLY!
35:50 ✅ Having a lifeblood in your business
36:42 ✅ Repositioning debt & Risk Tolerance in Texas
39:10 ✅ Reading the Tea Leaves. Time IN the market
41:23 ✅ Is it ok not to see the fruits from your investment for 4 years
42:12 ✅ Chasing the WRONG rabbit is NOT the way to go
43:17 ✅ What action can I take today to move the needle
44:00 ✅ Don't go running off YOUR private money lenders
45:04 ✅ YOU have to get married to the process Divorced from the results
46:49 ✅ That's easy for YOU to say BUT I'M BROKE & I don't have enough time
50:36 ✅ It CAN be DONE. Focus on the purpose
59:14 ✅ Let go of YOUR EGO..Talk about YOUR results
1:09:41✅ Breaking down the hard money loan details
1:19:20✅ What is the IMPACT to the investor to take the $$ back
1:22:33✅ What is the best way to use a hard money loan
1:24:07✅ What is a good vetting process to build a relationship with
1:26:07✅ What has 5 years done for Austin Linney
1:31:58✅ A nameless Construction Company that has sold 2 houses

Books Austin recommended:
📕 The Behavioral Investor by Daniel Crosby
📕 The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel
📕 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

📽 ✂ Video editing is done by https://www.instagram.com/directordreday

Here's more real estate investing education:

🚀 Wholesaling Houses Jumpstart Video Series [FREE]

🚀 Don't know what's next? Schedule a Discovery Call with the Johns!

🚨 Don't miss Coffee With The Johns LIVE every Friday morning at 8 am

📺 Related Episodes

🔑You Must Get Your Real Estate License

🚨Before You Quit Your Job For Real Estate Investing Watch This!

💰How to Find Private Money Lenders for Real Estate Investing in 2021

👀 Before You Buy Your Rental Property WATCH THIS!

If you find this valuable, please SHARE 🙏

Keep sending us your questions! @prymehomes

Any questions, email jon@prymehomes.com

🎧 🏋️‍♀️ 🚗 Listen to our podcast on the GO! 🎧 🏋️‍♀️ 🚗

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. Also, We will cover how to look at real estate investing in 2021 so can not just adapt to the changes but thrive in the coming years

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!

🗓 SHOW TOPICS 🗓

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 “investor-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 📋

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

📒SHOW NOTES📒

🔑 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.

🔑 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.

🔑 Creating A SOW

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…
✅ What are they removing?
✅ What are they installing?
✅ Who is responsible for which materials?
✅ When will the draws be made?
✅ How much will be held back till completion?

🚨BE SPECIFIC! BE CLEAR!🚨

🔑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 “change” order.

🔑Don’t be Emotional

❌You’re not going to “sue” 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
✅ Be strategic
✅ Try to resolve all issues or misunderstanding

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

🚀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.

📽 ✂ 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:

🚀 Wholesaling Houses Jumpstart Video Series [FREE]

🚀 Don't know what's next? Schedule a Discovery Call with the Johns!

🚨 Don't miss Coffee With The Johns LIVE every Friday morning at 8 am

📺 Related Episodes 📺

⭐ Is Flipping Houses Still Profitable 2021

🔑You Must Get Your Real Estate License

⚡ Before You Quit Your Job For Real Estate Investing, Watch This!

💰 How to Find Private Money Lenders for Real Estate Investing in 2021

👨‍🏫 How To Get Free Mentoring

⭐How To Get Started With Flipping

📲📞📧SOCIAL

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Text Me: (210) 794-9898

If you find this valuable, please SHARE 🙏

Keep sending us your questions! @AnInvestorsJourney

Any questions, email jon@prymehomes.com