Description

Today’s episode is part three of a four-part conversation with Kristin Gerst. Kristin Gerst is the Managing Director at Capricorn Mortgage Investments. Capricorn Mortgage Investments buys high-interest rate mortgages from small business owners and companies and sells them to large institutional buyers.

For today’s episode, we focus on the things you’ll need when starting to invest in real estate. Also, Kristin digs deeper into what notes buying is, why it is an excellent investment opportunity and her point of view regarding the pandemic.

If you haven’t listened to part one or part two yet, please check out our previous episode for some context going into these conversations.

[00:01 – 05:29] Passive income from financial investment

• Cost segregation lets us to deduct so much
• Taxes have to be paid, but we get to make money from it
• Kristen tells us about her Airbnb experience
• People can find seed money, even when it’s only a little bit but it’s still helpful
• Long term wealth
• Kristen shares her role in family and work

[05:30 – 11:59] Pivoting; other things we can do to make money

• Kristin talks about her Elite private Note mentoring group,
• Kristin is in the middle of writing a book
• I talk about giving the professional upfront
• Kristen talks about her no foreclosure rule
  • Cash for keys
  • 20-day notice
  • Acceleration of notes

• Kristen shares her experience with non-performing notes
• Notes terms

[12:00 – 17:45 ] Tips for notes terms

• Notes are based on the state law
• No specific attorney needed
• Make sure and re-read the documents before you sign them to avoid any typos and errors
• Don't do it on doubt
• Hire professionals
• Kristen shares one of her cases
• Kristen tells about the opportunity to be made on non-performing notes

[17:46 – 23:48] Knowing where and when to buy-in

• Kristin answers a question about her notes range areas
• Kristin shares her personal point of view of celebrations
• Kristin tells her specific neighborhoods to buy in to
• Owner financing future opportunity
• Kristin shares her point of view and hindsight about the pandemic

Tweetable Quotes:

“There’s way more money to be made in a down economy than there is when it’s up .” – Kristin Gerst

“If you know where to look, do some research on owner financing, especially in the real estate market, it’s going to work out .” – Kristin Gerst

Resources Mentioned:

• Seed money
• Foreclosure
• Owner Financing
• Pivoting

You can connect with Kristin on LinkedIn and Facebook. Learn more about mortgages by visiting their website at https://capricornmortgageinvestments.com/.

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