In this episode we break down all the details about Eric's epic down zoning deal that landed him $82,000 richer in just 24 hours, you read that right 24 hours! Along the way Eric drops some knowledge on us and teaches us a few new fancy phrases like double close, transactional funding, and quiet titles! Join us as we analyze the crap out of this amazing deal!
Break down on the down zone: Eric DOWN ZONED it and made it an MUL or an MUN so he could do an overlay build with no setbacks.
A Little Advice from Eric: The #1 person you want on your team is an engineer that will pick up the phone.
Double Close: When one person closes and another person doesn’t a lot of times it means the first person who closes doesn’t have the funds of they didn’t put the financing together.
Transactional Funding: Is short term funding, also known as same-day funds or flash funding, frequently used to finance business transactions such as real estate short sales
Quite Title: An action to quite title is a lawsuit brought in a court having jurisdiction over property disputes, in order to establish a party’s title or real property, or personal property having a title, of against anyone and everyone, and thus “quite” any challenges of claims to the title.
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