Shows
The Creative BRRRR Strategies PodcastS1E101 - State of the Economy and Its Impact on RE InvestingThe discussion covers various aspects of real estate investment strategies in the current market. Joseph notes that flipping has decreased, with most investors opting for buy-and-hold strategies, even if properties require renovations. The conversation touches on the importance of understanding depreciation, tax implications, and long-term investment plans.Felix Buchanan joins the discussion, emphasizing the importance of knowing the market, evaluating deals thoroughly, and considering various investment strategies such as rent-to-own, multi-unit properties, and working with voucher holders. Both speakers highlight the current market's preference for rental properties over home purchases and discuss the potential of short-term rentals...2025-05-051h 01The Creative BRRRR Strategies PodcastS1E100 - The Future Of Private LendingJoseph discussed the future of private lending, emphasizing its potential for growth and its appeal to non-traditional borrowers. He predicted that private lending would become 75% of the business for investment properties over the next five years. Dave, a team member, agreed with Joseph's assessment, noting that non-QM loans would become a significant part of the market. Both highlighted the need for responsible adoption of these strategies. Joseph discussed the importance of surrounding oneself with a team of experts to facilitate insight and adaptability in the ever-changing market cycle. He emphasized the need for personal experience and quick t...2025-04-281h 10The Creative BRRRR Strategies PodcastS1E99 - Build A Thriving Online RE Investor BusinessJoseph discusses strategies for building a consistent and effective online presence for real estate professionals. He emphasizes the importance of providing valuable content rather than bragging, suggesting a mix of motivational, educational, and informative posts.Joseph recommends posting 3-4 times daily across platforms, using polls to increase engagement, and leveraging video content to build trust. He also advises on rebuilding one's online presence by clarifying brand identity, updating profiles, creating a strong website, and setting up consistent social media strategies. The discussion highlights the need for authenticity, showing personality, and providing value to followers rather than just...2025-04-211h 03The Creative BRRRR Strategies PodcastS1E98 - Underrated Ways To Build Trust As A RE LeaderHe emphasized the importance of building trust as a real estate leader, suggesting underrated ways such as sharing bad news first, remembering small details, overcommunicating during uncertainty, admitting when unsure, giving credit, and being reliable. He also stressed the importance of investing in others' successes. Joseph discusses the importance of reciprocity and intuition in professional relationships. He advises against giving away too much without receiving equal value in return, citing an example where he declined a speaking request from someone unwilling to offer the same opportunity. Joseph emphasizes the need to be intuitive about potential partnerships and s...2025-04-1354 minThe Creative BRRRR Strategies PodcastS1E97 - Overcoming Fear And Unlocking RE GrowthJoseph discussed the importance of overcoming fear and adopting strategic approaches to achieve growth in the real estate industry. He emphasized the need for education, diversification, and leveraging technology to manage risks and achieve success. Amy, the chairwoman of the US Prop Tech Council, added that AI can significantly reduce the learning curve for new real estate investors.Joseph discussed the importance of understanding risks in real estate investing, including market risk, liquidity risk, interest rate risk, property-specific risk, construction and renovation risk, cash flow risk, and over-leveraging risk. He emphasized the need for thorough due diligence...2025-04-061h 10The Creative BRRRR Strategies PodcastS1E96 - What Is Your Real Estate Brand?Joseph leads a discussion on building a real estate brand, emphasizing the importance of creating a distinct identity and providing value to clients. He stresses the need for consistency in messaging, building genuine relationships, and being a trusted resource beyond just real estate transactions. The conversation highlights the importance of networking effectively, utilizing social media, and staying accessible to clients.Joseph also warns against being taken advantage of and encourages setting boundaries in professional relationships. Participants share their experiences and strategies for developing their brands, including having a clear elevator pitch and identifying the right audience for...2025-03-301h 03The Creative BRRRR Strategies PodcastS1E95 - Transformational Moments In RE InvestingJoseph discussed the importance of transformational moments in real estate investing, which can lead to growth, new opportunities, and strategic shifts. He shared his personal experiences, including his first deal, the power of leverage, understanding market cycles, and the shift from active to passive investing. Joseph also emphasized the significance of building a network of reliable professionals and mastering property management.He highlighted the need for a real estate investment system, diversifying investment strategies, and recognizing the importance of financial education. Joseph also touched on the shift from scarcity to abundance mindset, encouraging collaboration and taking calculated...2025-03-241h 05The Creative BRRRR Strategies PodcastS1E94 - Real Estate Deal Evaluation ChecklistJoseph discusses the challenges and opportunities in various real estate markets, particularly in upstate New York cities like Rochester, Syracuse, and Buffalo. He notes that while these markets offer good returns on investment, they come with the drawback of being less landlord-friendly. Joseph and Stephen then discuss the importance of thorough due diligence when evaluating properties, including checking for flood zones, mine subsidence, and sewer line conditions.They emphasize the need for investors to avoid complacency, consider long-term trends, and factor in substantial maintenance and vacancy costs when analyzing deals. The conversation concludes with a discussion on...2025-03-161h 05The Creative BRRRR Strategies PodcastS1E93 - Building A Winning Culture In Real EstateJoseph discussed the importance of building a winning culture in real estate, emphasizing the need for collaboration, motivation, and high performance. He highlighted the importance of establishing clear core values and vision, leading by example, and fostering team collaboration. Joseph also stressed the importance of leveraging technology, encouraging continuous learning, and recognizing and rewarding performance.He shared his approach to community engagement and branding, and how these efforts contribute to relationship building. Joseph concluded by emphasizing the need for creating a customer-centric culture, work-life balance, and community engagement. Contact Our Sponsors=================Perkitech - h...2025-03-021h 03The Creative BRRRR Strategies PodcastS1E92 - Understanding Commercial Real Estate With Antonio DiCianniJoseph led a discussion on the legal aspects of corporate transparency and the impact of the executive order on real estate investors. Antonio shared his positive outlook on the situation, noting that the media was trying to create negativity. He also discussed the potential for repurposing government buildings into medical or senior facilities. Chris Caggiano, a representative from Grand Oaks Funding, expressed interest in the DSCR loan and its potential for small balance multi-family investments. David Ingami, a licensed title and property insurance agent, shared his observations on the increased activity in the commercial real estate market. K...2025-02-231h 01The Creative BRRRR Strategies PodcastS1E91 - Building A Foundation In Real EstateJoseph emphasized the importance of building a solid foundation in real estate investing, which includes education, strategic planning, and hands-on experience. He stressed the need to define investment goals, choose the right strategy, research the market, and build a team of experts. Joseph also highlighted the significance of securing the right financing and analyzing deals thoroughly.He offered an asset-based lending course for those interested in learning more. Joseph Martella, a guest speaker, agreed with Joseph's points, adding that education is crucial for success in real estate investing. He suggested seeking information from various sources, including YouTube...2025-02-161h 05The Creative BRRRR Strategies PodcastS1E90 - The Section 8 Loophole In Real Estate InvestingJoseph discussed the section 8 loophole in real estate investing, emphasizing its importance in optimizing rental income and mitigating risks. He highlighted the key factors in understanding the program, including property standards, tenant relationships, and adherence to guidelines.Joseph also noted the current market conditions, with investors comparing market rent to section 8 rent and focusing on cash flow. He predicted a strong rental market, with Minneapolis, Atlanta, Overland Park, Kansas City, Cleveland, Washington DC, Santa Rosa, Detroit, Philadelphia, Chicago, and Cincinnati being cities to watch.Contact Our Sponsors=================Perkitech - https://perkitech.com/...2025-02-091h 01The Creative BRRRR Strategies PodcastS1E89 - Exploring Economic TrendsJoseph discussed the shift in economic trends, particularly the growth of the rural areas becoming suburban due to the expansion of logistics and warehousing. He emphasized the importance of investing in new and existing properties, focusing on areas with high demand for flexible spaces, eco-friendly real estate, and mixed-use developments. He also highlighted the need for partnerships between small and large investment firms, co-living spaces, and digital infrastructure investments. Joseph also mentioned the importance of hyper-targeted marketing and the rise in property prices. Justin, an investor, broker, and property project manager, agreed with Joseph's points and added t...2025-01-261h 08The Creative BRRRR Strategies PodcastS1E88 - Unlocking Real Estate Success Through AIJoseph discussed the increasing use of AI in various aspects of his work, including event setups, social media management, and real estate reporting. He highlighted the potential of AI agents to automate repetitive tasks, such as quarterly analyst reports, and save time.Joseph also mentioned his collaboration with a former Google employee to enhance his social media presence and his plans to improve his Google business profile. He emphasized the importance of keeping proprietary data safe and the potential of AI agents to replace software platforms. Contact Our Sponsors=================Perkitech - https://perkitech.c...2025-01-191h 09The Creative BRRRR Strategies PodcastS1E87 - Mistakes, Best Practices, And Insights On Closing DealsJoseph led a discussion on mistakes, practices, and insights for closing real estate deals, emphasizing the importance of due diligence, thorough inspections, and clear communication. He also highlighted the need for sound financial planning and professional guidance. Bob Chessick, president of Chesspin Corporation, shared his experiences on the common mistakes made by real estate investors, such as not doing due diligence and failing to file annual reports.He also stressed the importance of consulting with attorneys and accountants before making decisions. Travis, a real estate brokerage in Houston, shared his focus on investment properties and the importance...2025-01-051h 03The Creative BRRRR Strategies PodcastS1E86 - Top Characteristics Of A Real Estate Problem SolverJoseph discussed the importance of adaptability, innovation, and relationship building for real estate professionals in 2025. He emphasized the need for understanding local markets, neighborhoods, and communities, as well as having an engaging personality and interest in houses and architecture.Joseph also highlighted the importance of attention to detail, honesty, and integrity. He stressed the need for continuous learning and adaptation, and the importance of understanding creative financing strategies, property inspections, and market analysis.Joseph also mentioned the need for effective property management and risk management, and the importance of negotiation skills and clear communication. He...2024-12-291h 05The Creative BRRRR Strategies PodcastS1E85 - Understanding Syndication Fundamentals In Real EstateJoseph discussed the challenges and risks associated with real estate syndication, emphasizing the importance of understanding the fundamentals of syndication for investors and sponsors. He highlighted the need for due diligence, clear communication, and transparent accounting in syndication. Joseph also stressed the importance of understanding the market, property, and surrounding properties before investing in a syndication. He warned about the potential for fraud in the syndication market and encouraged attendees to seek professional advice. Bob Chesak, a guest speaker, added to the discussion by explaining the legal aspects of syndication, the importance of understanding the contract, and the implications...2024-12-221h 01The Creative BRRRR Strategies PodcastS1E84 - The Skills A Landlord NeedsJoseph discussed the importance of skills for successful real estate investing and landlording. He emphasized the need for financial management, understanding property valuation, marketing, communication, negotiation, risk management, and effective time management. He also highlighted the importance of problem-solving, adaptability, record-keeping, tax planning, insurance, tenant screening, maintenance, and compliance with regulations. Joseph stressed the need for continuous learning and the importance of local and regional knowledge. He also introduced Steve Franco, an investor, broker, and landlord, who agreed with most of Joseph's points.Joseph emphasized the importance of understanding local markets and tenant needs when investing in...2024-12-151h 03The Creative BRRRR Strategies PodcastS1E82 - Interview w/ Sam Eddinger of Ironclad Property ManagementSamuel shared his journey into property management, starting with buying real estate in 2012 using his W-2 income. He hit a glass ceiling in his engineering job in 2018, allowing him to quit and focus on property management full-time. Samuel's brother, who owns a property management company, provided valuable experience and software technologies for Samuel to leverage. Samuel's focus shifted from accidental landlords to investors, a demographic he was familiar with as an investor since 2012. The transition was amicable, as it was always the plan for Samuel to go off on his own.Joseph and Samuel discussed the services...2024-12-0228 minThe Creative BRRRR Strategies PodcastS1E81 - Do You Have A 2025 Real Estate Plan?Joseph discussed the current real estate market trends and strategies for the upcoming year. He highlighted the importance of having a business plan, diversifying portfolios, and adapting to economic shifts. Anna, a realtor in Chester County, Pennsylvania, shared her observations on the market, noting that hot properties continue to attract multiple offers despite higher interest rates. She also mentioned her plans to expand into New Jersey.Joseph emphasized the importance of resilience, adaptability, and mastering technology in the face of market challenges. He also shared his personal experience of dealing with negativity and the importance of maintaining...2024-12-011h 03The Creative BRRRR Strategies PodcastS1E80 - Exploring Economic TrendsThe discussion revolved around emerging trends in the real estate market. Joseph highlighted the rise of midterm rentals, particularly for traveling professionals and remote workers, and the increasing popularity of build-to-rent communities. However, concerns were raised about the viability of mixed-use developments, with a focus on the commercial space's ability to support loan debt servicing. Joseph also noted the growing demand for industrial and logistics real estate, data centers, and affordable housing projects. The introduction of rent control in Philadelphia was seen as a significant development. Joseph also touched on the importance of climate-resilient properties in the f...2024-11-241h 05The Creative BRRRR Strategies PodcastS1E79 - The Easiest Way To Get And Lose Big Chunks Of Cash In REJoseph discussed the importance of due diligence in real estate investments, emphasizing the need to understand the risks and potential returns. He highlighted the significance of networking and partnerships, suggesting that these could lead to more opportunities and revenue streams. Joseph also stressed the importance of being licensed in various fields, such as real estate, mortgage, and title, to ensure a better understanding of the industry.He shared his experiences with clients and the importance of transparency and trust in business relationships. The team also discussed the importance of evaluating potential partners and defining roles within a...2024-11-171h 02The Creative BRRRR Strategies PodcastS1E78 - How to Make Sure You Are UW Total DSCR on RE ScenarioJoseph discussed the importance of accurately underwriting the total debt service coverage ratio (DSCR) for real estate investments. He emphasized the need to take a structured approach to project income and expenses, consistently evaluate different financing structures, and understand how to calculate projected net operating income. He also highlighted the significance of debt service costs, the magic number of 1.2 or better for DSCR, and the necessity to stress test the debt service. Joseph then used a real estate scenario in Boston to illustrate these concepts, emphasizing the importance of understanding market rents, appraised values, and management costs. ...2024-11-101h 06The Creative BRRRR Strategies PodcastS1E77 - RE Business Challenges - Wil lYou Adapt or Stay TraditionalJoseph discussed the challenges and opportunities in the real estate market, particularly in the context of rising construction and maintenance costs, labor shortages, and evolving tenant expectations. He suggested that investors should focus on properties in relatively good condition and build a team of trusted contractors and suppliers to negotiate better rates.Joseph also highlighted the importance of technology in streamlining property management and maintenance operations. He expressed concerns about the potential impact of a market correction and the increasing popularity of suburban and rural settings. He predicted significant changes in the real estate market over the n...2024-11-091h 01The Creative BRRRR Strategies PodcastS1E76 - Deal or No DealJoseph discussed strategies for identifying and evaluating potential deals in real estate investments. He emphasized the importance of understanding the credit scores of borrowers, the bank statements, and the subject address. He also highlighted the need to know whether it's a purchase or refinance, the asset type, and the purchase price.Joseph also stressed the importance of understanding the property income, expenses, and taxes, as well as the property's square footage and number of units. He advised to be hard on the numbers upfront and to have a good team to help with the process. C...2024-11-021h 03The Creative BRRRR Strategies PodcastS1E75 - Boost Your ROI With The Right RepairsJoseph discussed the importance of maintaining rental properties. He emphasized the need for regular inspections, especially in relation to lead paint regulations in New Jersey. Joseph also highlighted the significance of proper maintenance, such as HVAC maintenance, and the importance of keeping properties updated to attract tenants.He noted that finishes, such as stainless steel appliances and granite countertops, can make a significant difference in attracting tenants. Joseph also stressed the importance of staying on top of local regulations and neighborhood trends to ensure the property remains competitive.He concluded by suggesting that leveraging technology...2024-10-271h 03The Creative BRRRR Strategies PodcastS1E74 - Equity vs. Debt - Real Estate InvestmentsJoseph discussed the importance of strategic decision-making for real estate professionals. He emphasized the significance of understanding the market environment and investment goals when deciding between real estate debt and equity. The main topic of the discussion was whether it was a better time to invest in real estate debt or equity.Joseph highlighted the importance of understanding interest rates, borrowing costs, cash-on-cash return, and debt service coverage ratio when considering investments. He suggested that higher interest rates could make real estate debt more suitable for those prioritizing income stability, while those seeking long-term appreciation might prefer...2024-10-201h 10The Creative BRRRR Strategies PodcastS1E73 - Leverage Your Mortgage Broker Biz W White Label MarketingJoseph discussed the concept of white label marketing in the asset-based lending industry. He explained that white labeling allows one company to offer services or products created by another company under its own brand, which is particularly useful for smaller or niche firms that lack the necessary infrastructure or resources. He highlighted the advantages of white label marketing, including cost efficiency, faster scaling, focusing on core business, and branding consistency. Joseph also noted the confusion among real estate professionals about what asset-based lending offers and emphasized the importance of focusing on core business. He concluded by mentioning t...2024-10-141h 03The Creative BRRRR Strategies PodcastS1E72 - What Is The Most Important Factor To Your RE Buy?Joseph discussed the evolving investment trends, including the growth of midterm rentals, medical spaces, and remote worker accommodations. He highlighted concerns about deferred maintenance in short-term rentals and the potential of multifamily, build-to-rent, and asset-based lending investments. Joseph noted the increasing interest in sustainable buildings, senior housing, and mixed-use developments while questioning their sustainability.He suggested focusing on affordable housing through strategies like buy, rehab, rent, refinance, and repeat, emphasizing the role of technology and partnerships. Joseph also proposed exploring niche opportunities like midterm rentals, house hacking, and build-to-rent in suburban areas. Contact Our Sponsors2024-10-121h 05The Creative BRRRR Strategies PodcastS1E71 - Be Real Estate Coached or Mentored?Joseph discussed the importance of mentorship and coaching in personal and professional development. He emphasized that mentorship is an informal process that cannot be forced and should be based on mutual respect and trust. Joseph also highlighted the importance of self-awareness, empathy, emotional regulation, decision-making, and problem-solving skills in coaching. He shared his experience of mentoring others, particularly in their professional careers, and how it has helped them achieve success. Joseph also differentiated between coaching and mentoring, stating that coaching is a paid service for a specific task, while mentoring is more about guiding someone into becoming a...2024-10-061h 01The Creative BRRRR Strategies PodcastS1E70 - Lead Generation For Your Real Estate Biz StrategiesJoseph discussed his strategies for lead generation and maintaining relationships with existing clients. He emphasized the importance of consistency and investment in social media marketing, and shared his personal experiences of making mistakes in social media management. Joseph also highlighted the potential of LinkedIn for generating leads and the importance of having controls in place to bring value to a Facebook group.He expressed dissatisfaction with his current CRM, Constant Contact, and his intention to switch to a more suitable platform like Hubspot. Lastly, he discussed his strategy for building a strong online presence and generating leads...2024-09-291h 02The Creative BRRRR Strategies PodcastS1E69 - Real Talk: Fed Rate Cuts, The Election and Real Estate 2024Joseph discussed the current state of the real estate market, noting a shift towards attracting investors and a decline in asking rents for new builds. He emphasized the importance of credit scores for potential investors and landlords. Joseph also highlighted the need for adaptability in the industry, focusing on affordable housing and commercial properties.He expressed concerns about the potential impact of political decisions on real estate investments and the labor market, and emphasized the importance of having cash and creating better revenue streams. Lastly, he discussed the challenges faced in the commercial real estate market due...2024-09-281h 03The Creative BRRRR Strategies PodcastS1E68 - Weighing Pros And Cons - Which RE Methods Will You Adopt?Joseph discussed the pros and cons of various real estate investment methods, including buying and holding, short-term rentals, and house flipping. He highlighted the need for careful consideration of property management, vacancies, and upfront costs. Joseph also mentioned the potential impact of market fluctuations and local regulations. He predicted that institutions, such as Blackrock, would increasingly own single-family homes due to market downturns and the increasing unaffordability of houses. He also noted the trend of prominent investors like Warren Buffett and Jamie Dimon selling stocks and putting cash on the sidelines, anticipating a market downturn. Joseph discussed h...2024-09-221h 08The Creative BRRRR Strategies PodcastS1E67 - Real Estate Deal Prospecting StrategiesJoseph, a long-time real estate investor and founder of a real estate technology startup, shared his insights on prospecting for deals. He emphasized the importance of understanding the market before investing and advised against hopping around markets based on fleeting opportunities. Joseph also stressed the need for a comprehensive marketing approach, suggesting the use of multiple social media channels and email marketing. He highlighted the importance of being where the potential customers are, and advised against focusing on just one channel.Joseph further stressed the need for follow-up after attending networking events and the importance o...2024-09-151h 08The Creative BRRRR Strategies PodcastS1E66 - How Community Engagement Can Shape A ProjectJoseph emphasized the importance of community engagement in real estate development, highlighting the need for local residents and stakeholders to be involved in the planning and decision-making process. He stressed the benefits of this approach, such as creating developments that reflect the community's character and enhance the quality of life.Joseph also discussed the importance of branding and marketing in running a successful real estate investment business, recommending the book "Traction" for insights on building a brand. He emphasized the significance of community engagement, including developing a consistent visual identity, leveraging social media, and networking. Joseph concluded...2024-09-141h 13The Creative BRRRR Strategies PodcastS1E65 - Building A Scalable Real Estate BusinessJoseph discussed strategies for building a scalable real estate business, emphasizing the importance of strategic planning, operational efficiency, and smart use of technology. He highlighted the need for defining and standardizing core business processes, leveraging technology and automation, building a strong team, developing a scalable acquisition strategy, and optimizing financial structuring. Joseph also mentioned the importance of data-driven decision making, branding, and marketing. Joseph emphasizes the importance of having a clear lending strategy when scaling a real estate portfolio. He shares experiences with conventional lenders' limitations and the need for alternative financing like DSCR. Joseph also advises c...2024-09-081h 13The Creative BRRRR Strategies PodcastS1E64 - Land And Development Tips - BTR And Spec BuildJoseph discussed the changing landscape of the real estate market, particularly in the build-to-rent sector. He noted that the market's shift from owner-occupied to non-owner-occupied properties could lead to changes in property finishes and costs. Joseph emphasized the importance of understanding site selection, market research, and demographic analysis in developing build-to-rent projects. He also highlighted the increasing availability of institutional financing for new construction and the potential for tax advantages. Joseph concluded by stressing the need for professional property management and tenant retention strategies in the build-to-rent sector. Contact Our Sponsors=================Perkitech - https://perkitech.c...2024-09-071h 03The Creative BRRRR Strategies PodcastS1E63 - Economic Realities And Real EstateJoseph provided a comprehensive overview of the various factors that influence the real estate market. He discussed the impact of interest rates, inflation, asset appreciation, construction costs, employment and income levels, regional differences, supply and demand, and government policies. He also highlighted the potential effects of economic cycles, booms, and busts, as well as global influences, on the real estate market. Furthermore, he emphasized the importance of understanding these economic realities to help investors, buyers, and policymakers make informed decisions in the real estate market. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411...2024-09-061h 04The Creative BRRRR Strategies PodcastS1E62 - Your RE Network Can Determine Your SuccessJoseph discussed the importance of networking in real estate success. He shared his recent experiences from a successful networking event he co-sponsored, emphasizing the value of building relationships with other professionals. Joseph highlighted the importance of leveraging social media platforms like LinkedIn and Facebook for networking, and offered valuable insights on how to maximize their potential. He also stressed the importance of sharing knowledge and providing value to one's network, and suggested tracking introductions to ensure reciprocation. He emphasized the importance of consistent communication, personalized follow-ups, and engaging in non-real estate events to build a diverse network. H...2024-09-051h 08The Creative BRRRR Strategies PodcastS1E60 - The Importance of Budget for Construction LendersFollowing up from the previous episode: Joseph discussed the importance of a proper budget for construction loans in the investment real estate space. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com 2024-09-051h 02The Creative BRRRR Strategies PodcastS1E61 - Back To Real Estate BasicsJoseph discussed the current state of the real estate market, focusing on the increasing costs of ownership and the challenges in the insurance market. He then shifted the conversation to real estate basics, strategies, and tips, emphasizing the importance of understanding local markets, economic indicators, and neighborhoods. Joseph also stressed the significance of financing options, property type, and the buy and hold strategy. He further underscored the necessity of having a reliable property management company and considering legal aspects. Joseph also highlighted the impact of vacancy on insurance costs and recommended a thorough understanding of the numbers t...2024-09-051h 14The Creative BRRRR Strategies PodcastS1E59 - Ground Up Construction StrategiesJoseph discussed the best practices and mindsets to maintain when building RE properties from scratch.Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com 2024-09-041h 04The Creative BRRRR Strategies PodcastS1E58 - Empower Your RE Understanding of DSCR and Cap RateJoseph underscored the significance of understanding capitalization rates and debt service ratios in real estate for investors and professionals. He stressed the importance of a thorough comprehension of these concepts, warning that misrepresentations or misunderstandings could lead to financial risks. He also presented an overview of several competitive markets across the United States, highlighting Miami, Florida, as the most promising, followed by Milwaukee, Wisconsin, and North Jersey.He further discussed emerging markets, such as suburban Chicago, Grand Rapids, Michigan, and Oklahoma City, as well as markets with strong potential, including Bridgeport, Connecticut, Cincinnati, Ohio, Lansing, Ann Arbor...2024-09-041h 01The Creative BRRRR Strategies PodcastS1E57 - The Fundamentals Of Owning Rental PropertiesJoseph discussed the future of the rental and landlord market, emphasizing the importance of differentiation in offerings to attract tenants. He highlighted the need for understanding the ideal tenant profile for each property, the significance of preventative maintenance, and the importance of considering the three key numbers in lending. Joseph also clarified the difference between asset management and property management, encouraging those considering self-management to carefully consider their time commitments. Melissa, a licensed referral agent and notary, also shared her insights on the topic. Joseph humorously shared his preference for luxury accommodations, even while "glamping" in a mini travel...2024-09-021h 04The Creative BRRRR Strategies PodcastS1E56 - How To Identify Profitable RE Deals - StrategiesJoseph emphasized the importance of focusing on the investor mindset in the real estate market. He stressed the need to identify profitable strategies and target markets, and to consistently market to these groups. He also highlighted the significance of building a strong online presence and using SEO optimization. Joseph advised spending money on the right marketing materials and events, and highlighted the importance of understanding and addressing the needs of the target market. He also mentioned his ongoing master's program at the University of Texas, which is reinforcing these concepts. Contact Our Sponsors=================Perkitech - h...2024-09-021h 03The Creative BRRRR Strategies PodcastS1E55 - Level Up Your RE Game Marketing Sales ScaleJoseph shared strategies for improving real estate marketing and sales, emphasizing a strong digital presence with user-friendly websites, high-quality visuals, and leveraging social media. He highlighted content marketing, networking, partnerships, and excellent customer service. Joseph discussed his own strategies, the lawsuit settlement's opportunities, and the importance of consistent effort, staying informed, and seeking guidance when needed.Joseph stressed the importance of clarifying one's marketing message, choosing the right channels, and tracking metrics for effective marketing. He also underscored the need for creating inbound traffic, being different, and maintaining a positive attitude. Furthermore, he highlighted the significance of...2024-09-011h 03The Creative BRRRR Strategies PodcastS1E54 - How To Build A High Performance Contracting TeamJoseph, a real estate developer with a background in construction, discussed the key factors for building a successful construction team. He stressed the importance of having backup plans, maintaining good relationships with contractors, and managing cash effectively. He also shared his experiences as a woman in the construction industry, highlighting the need to constantly prove credibility. Joseph identified poor communication, a lack of understanding about the construction process, and unrealistic budgets as major challenges in construction projects. He also provided an overview of the top and bottom construction markets, with a focus on those showing potential for growth and...2024-09-011h 11The Creative BRRRR Strategies PodcastS1E53 - What Are Market Cycles In Real Estate?Joseph emphasized the importance of understanding market cycles in real estate and preparing for potential opportunities. He advised that one should start by getting their credit score and setting up an LLC, and then work on increasing their reserves to participate in their first deal. Joseph also highlighted that one should analyze the market and determine its cycle, focusing on whether it's in a recession, depression, or absorption phase, to make informed investment decisions. Travis, a real estate broker, shared his insights on market cycles and stressed the need to understand the economics of a real estate cycle. 2024-09-011h 06The Creative BRRRR Strategies PodcastS1E52 - The Nuances of Loan to Value (LTR) and ReinvestingJoseph discussed the nuances of loan-to-value (LTV) ratios in real estate investing. He explained that LTV is the ratio of the loan amount to the appraised value of the property, and it is a key assessment factor for mortgage approval. He emphasized that a lower LTV ratio is generally better, as it indicates a larger equity stake and can lead to better financing terms. Joseph also cautioned against second position loans, which he believes can be risky and unnecessary. He suggested focusing on cash-on-cash return and considering the LTV ratio when deciding on a property's potential for investment. Linda...2024-08-311h 02The Creative BRRRR Strategies PodcastS1E51 - Identify, Prospect and Solution RE Investor StrategiesJoseph discussed the current trends and challenges in the real estate market. He highlighted the increasing role of real estate professionals and the impact of social media on the industry. Joseph predicted an increase in investor activity in the real estate market despite staffing issues and market stresses, and he didn't foresee a fall market due to rate reductions. He emphasized the importance of strategic foresight, adaptability, and familiarity with various market indicators for real estate investors, and also underscored the need to embrace prop tech innovations, harness data analytics, and identify the right investor management software. Jo...2024-08-311h 01The Creative BRRRR Strategies PodcastS1E50 - Exploring AI Implementation For RE Investor StrategiesJoseph discussed the potential benefits and limitations of AI implementation in real estate investor strategies, particularly in property valuations and appraisals. He highlighted the accuracy and objectivity that AI, specifically computer vision, could bring to property assessments, but also expressed concerns about potential issues, such as undisclosed defects. Joseph also shared an example of how AI-backed home inspection revealed previously unknown structural issues. He suggested that AI could significantly streamline processes, but also cautioned against the misuse of the term 'AI'. Joseph discussed the integration of artificial intelligence (AI) in the real estate industry, highlighting its potential a...2024-08-301h 06The Creative BRRRR Strategies PodcastS1E49 - Master Mid-Term Rental StrategiesJoseph discussed the challenges and potential solutions for the midterm rental and affordable housing markets. He suggested that while rooming houses may provide a temporary solution to the affordable housing crisis, midterm rentals could be a more viable alternative, especially for corporate and nomadic lifestyles. He also warned of the financial management issues and potential legal pitfalls associated with rooming houses. Lastly, he expressed his company's real estate strategy, which includes buying and holding properties, rehabbing, and wholesaling, and highlighted the importance of having a licensed realtor for wholesale deals. Contact Our Sponsors=================Perkitech - h...2024-08-271h 06The Creative BRRRR Strategies PodcastS1E48 - The Art of Negotiation in RE Investment StrategiesJoseph shared his insights and experiences regarding negotiation and client management, emphasizing the importance of setting clear objectives and boundaries. He stressed the need to be confident in making tough decisions, such as terminating a client if they are not integral or if the relationship becomes difficult. Joseph also highlighted the significance of active listening, preparation, and documenting all communication and agreements. He encouraged being truthful and swift in correcting any errors. Joseph's approach was focused on maintaining healthy relationships while being firm in following through with decisions. Contact Our Sponsors=================Perkitech - https://perkitech.c...2024-08-271h 06The Creative BRRRR Strategies PodcastS1E47 - DSCR - The Good, The Bad, and The UglyJoseph discussed the Debt Service Coverage Ratio (DSCR), emphasizing its importance as a key financial metric for assessing an entity's ability to service real estate assets. Joseph cautioned against over-leveraging properties and urged the need for careful forecasting of costs and rental income for long-term financial stability. Joseph stressed the importance of maintaining a six-month reserve for properties and considering potential unexpected expenses. He advised clients to prioritize the health of their properties as they would their own health and to be mindful of potential issues, such as job loss or illness.He also underscored t...2024-08-251h 09The Creative BRRRR Strategies PodcastS1E46 - Common Rental Real Estate Problems And SolutionsJoseph shared his experiences as a buy-and-hold real estate investor with seven rentals, focusing on the common issues faced by property managers and offering solutions. He stressed the importance of a clear rental collection policy, online payment options, regular inspections, and open communication with tenants.He also suggested effective marketing, competitive rental rates, and considering short-term incentives. Joseph highlighted the necessity of effective communication, proper bookkeeping, and using systems like Zillow, Turbo Tenant, or Thumbtack for rental management. He emphasized the need for being aware of potential repairs and maintenance issues, and mentioned the increasing availability of...2024-08-231h 09The Creative BRRRR Strategies PodcastS1E45 - Partnerships - The Good The Bad And Horror Stories In REJoseph discussed the importance of transparency and communication in partnerships, particularly in the context of real estate and asset-based lending. He underscored that poor partnerships could lead to significant financial losses. He stressed the importance of clear expectations and responsibilities for successful real estate partnerships. Joseph emphasized the importance of being involved and informed in real estate investment partnerships, rather than delegating all responsibility to a reliable partner. He highlighted the need to assemble a competent 'power team' consisting of professionals like attorneys and accountants, and to carefully evaluate potential partners through background checks. Joseph also mentioned t...2024-08-221h 04The Creative BRRRR Strategies PodcastS1E44 - Demystifying The Appraisal Process - The Valuation ProcessJoseph emphasized the importance of understanding and researching the local rental market before making decisions regarding real estate holdings. He noted a stagnant rental market between 2023 and 2024, with a decrease in values and rental market activity. Joseph stressed the need for accurate property information, analysis of comparable sales data, and consideration of property conditions and amenities to justify values and rentals. He also highlighted the necessity of understanding neighborhood and location factors, property size, layout, zoning and land use regulations, and economic and industry factors. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411...2024-08-221h 02The Creative BRRRR Strategies PodcastS1E43 - State Of The Short Term Rental Market Joseph discussed the state of the short-term rental market. He highlighted the market's growth, driven by increased travel and the popularity of online platforms like Airbnb and Vrbo, but also noted its challenges, such as fast guest turnover, extra regulations, rising interest rates, and market saturation.Joseph emphasized the importance of researching the best markets before investing in short-term rentals and shared his concerns about the market's profitability and sustainability, especially in recessionary times. He also pointed out that the demand for luxury offerings has made short-term rentals less profitable for many hosts. Contact Our Sp...2024-08-221h 00The Creative BRRRR Strategies PodcastS1E42 - Recapitalizing And Lowering Risk With A Rental Portfolio LoanJoseph shared his strategies for reducing rental portfolio risks, which included maintaining long-term tenants and utilizing a 30-year fixed interest rate mortgage. He also discussed the importance of evaluating returns on real estate investments, suggesting a minimum monthly cash flow of $400 and the need for a substantial reserve fund for unexpected maintenance costs.Joseph stressed the importance of maintaining adequate reserves and suggested that unsecured business lines of credit and asset-based lenders could be a part of these reserves. He also discussed the strategy of recapitalizing and reducing risk in rental properties by reinvesting capital from paid-down...2024-08-211h 21The Creative BRRRR Strategies PodcastS1E40 - How to Use The Right Financing for Your RE InvestmentJoseph discussed various financing strategies for real estate investments, stressing the importance of building relationships with lenders and exploring unique opportunities with private money lenders, despite higher costs. He also shared his recent success in connecting with a nationwide property management company to expand their presence. Timothy, another real estate investor, emphasized the importance of understanding one's business for informed financing decisions. Lastly, Joseph reflected on the significant evolution of communication technology, highlighting the shift from party lines to multi-functional devices that fit in the palm of one's hand. Contact Our Sponsors=================Perkitech - https://p...2024-08-211h 06The Creative BRRRR Strategies PodcastS1E41 - Zoning And Land Use Strategies For RE InvestorsJoseph discussed his observations from the Mr. Landlord expo in Ohio, focusing on the role of zoning and land use strategies in real estate investment. He highlighted various strategies, the need to understand local regulations, market trends, and future growth areas to maximize value and minimize risks. Joseph also expressed his intention to collaborate with Jeffrey Taylor to bring his insights to the Philadelphia South Jersey market. Furthermore, he addressed potential environmental hazards in older commercial buildings and showed interest in modular construction for residential buildings. Travis, a real estate broker from Houston, shared his experiences with zoning in...2024-08-211h 05The Creative BRRRR Strategies PodcastS1E39 - Cash on Cash Return vs Internal Rate of ReturnJoseph and Amy discussed the importance of understanding the internal rate of return (IRR) and cash on cash return (COCR) when evaluating real estate investments. Joseph explained that IRR considers all cash flows, including profits from the sale of the property, while COCR only looks at annual cash flow. Amy added that while COCR is important for current cash flow, IRR is a better indicator of long-term growth potential. They emphasized that both metrics should be considered in conjunction with an investor's objectives and financial situation. Joseph also pointed out that owning real estate provides additional tax benefits that...2024-08-211h 02The Creative BRRRR Strategies PodcastS1E38 - Tips For Running Your RE Business On AutopilotJoseph detailed his strategies for running a real estate business on autopilot in 2024, emphasizing the importance of technology, streamlining processes, and outsourcing non-core tasks. He suggested integrating advanced CRM systems, using AI for content generation, and adopting marketing automation. Amy, the chairwoman of the US ProCh council, shared her insights on the potential of automation and AI to reduce workload. Joseph also highlighted the emergence of AI in the real estate industry and mentioned a new software tool to identify off-market deals which could revolutionize the industry. Linda Pleagas, the founder of Real T. 4, 1, one, was introduced as a...2024-06-181h 03The Creative BRRRR Strategies PodcastS1E37 - Recession vs. ResilienceJoseph, a local real estate investor and developer, discussed the current state of the real estate market, highlighting a shift towards an investor-driven market and a rise in adaptive conversions of commercial buildings. He noted a potential oversupply in the rental market and a decrease in demand due to high interest rates, which could lead to further property price decreases.Joseph also addressed challenges in the market, including appraisal values, fluctuating income and expense calculations, and the crucial role of lending in determining returns on investment. He suggested collaborating with a national property management company and using...2024-06-171h 03The Creative BRRRR Strategies PodcastS1E35 - BRRRR - What Is The Most Important Factor In RE Investing?Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com 2024-06-161h 03The Creative BRRRR Strategies PodcastS1E36 - Develop A Concrete Plan To Increase Revenue GoalsJoseph presented strategies to boost real estate investor revenue. He recommended focusing on multifamily properties, specifically 5-8 unit properties, for less competition and potentially higher returns. He stressed the importance of developing a concrete plan, conducting market research, setting specific revenue goals, and diversifying the investment portfolio. He also highlighted the need for tenant satisfaction and retention, as well as exploring various financing options to optimize capital structure and reduce costs. Joseph emphasized the necessity of staying informed about market trends, technology, and regulatory changes, and developing contingency plans to mitigate risks.Joseph underscored the s...2024-06-161h 04The Creative BRRRR Strategies PodcastS1E34 - DSCR Deep Dive - Creating Wealth Through LeverageContact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com 2024-06-161h 02The Creative BRRRR Strategies PodcastS1E33 - Practice Your Elevator Pitch As A Real Estate ProfessionalContact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com 2024-06-101h 01The Creative BRRRR Strategies PodcastS1E32 - Mastering Social Media As A Real Estate ProfessionalContact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com 2024-06-101h 06The Creative BRRRR Strategies PodcastS1E31 - Build to Rent 101 - Understanding Market Dynamics and ProcessesJoseph, a buy and hold investor from New Jersey, discussed his strategy of purchasing and developing properties for wealth generation, with a focus on new construction. He compared regional costs of new construction and renovations, noting the Midwest as a potential hotspot for new construction due to lower costs. Justin, a market player from Louisiana, shared his experience with new construction and fix-and-flips, highlighting a shift in demand towards new construction after a major flood in 2016.Joseph emphasized the advantages of new construction over renovated homes, the benefits of private landlords, and the opportunities and challenges in...2024-06-091h 04The Creative BRRRR Strategies PodcastS1E30 - Discover Your Real Estate Deals, No Matter Where They AreContact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com 2024-05-131h 03The Creative BRRRR Strategies PodcastS1E29 - Special Realty411 BroadcastContact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com 2024-05-1356 minThe Creative BRRRR Strategies PodcastS1E28 - What Top States To Real Estate Invest In And WhyContact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com 2024-04-261h 14The Creative BRRRR Strategies PodcastS1E27 - Construction Costs For Real Estate Investors In 2024Joseph, a direct private lender in the asset-based lending space, shared updates about the company's offerings, which now include single family 30-year fixed loans, DSCR, and new construction loans of up to 90% loan to cost. He also mentioned that the company provides portfolio loans and unsecured business side accredited strategy discussions.Joseph discussed the current construction costs for real estate investors in 2024 and highlighted that the company offers a rehab construction budget spreadsheet to help evaluate deals. He also touched on the rising trend of home ownership waning, with more people opting for renting and buying investment...2024-04-261h 03The Creative BRRRR Strategies PodcastS1E26 - The Ultimate Guide To Business Goal Setting StrategiesJoseph underscored the importance of consistent and aligned goal setting for business success. He emphasized the efficacy of LinkedIn for professional connections and the importance of setting SMART goals - ones that are specific, measurable, achievable, relevant, and time-bound. Joseph, a private lender, shared his strategy of focusing on top metro markets and attending investor group meetings to meet around 100-200 people weekly. Joseph underscored the importance of setting realistic goals in real estate sales and investment, warning against unrealistic expectations that could lead to disappointment. He advocated for a balanced approach, stressing the need for cost-benefit an...2024-04-2558 minThe Creative BRRRR Strategies PodcastS1E25 - Mastering The Art of Underwriting Real EstateJoseph underscored the necessity of a comprehensive understanding of the real estate market for successful long-term investments. He emphasized the importance of continuous professional development to stay informed about industry trends, merging technology, and best practices. Joseph also highlighted the significance of a thorough underwriting process, including a detailed assessment of the property and potential risks, and the need for collaboration with experts in the field.He stressed the importance of understanding the tenants, the leasing process, and the significance of appraisers' evaluations. Lastly, he urged the use of technology for tracking numerical data and reiterated that...2024-04-221h 04The Creative BRRRR Strategies PodcastS1E24 - Low Inventory Market Strategies For Real Estate InvestorsJoseph underscored the significance of exploring off-market opportunities and developing relationships with wholesalers in the real estate industry. He also discussed the need for continuous learning, marketing, and professional development for investors, as well as the importance of branding, networking, and a robust online presence. Joseph recognized the contributions of several individuals and entities, including Jordan Perkins, Communication 101, and Landmark Capital, and expressed his interest in establishing referral partnerships. He also advised caution in expanding too rapidly in the unsecured business line of credit for real estate professionals and investors, and highlighted the importance of a strategic a...2024-04-221h 09The Creative BRRRR Strategies PodcastS1E23 - Construction Rehab Tips for RentalsJoseph shared his expertise on cost-effective and durable construction and rehabilitation strategies for rental properties. He highlighted the importance of prioritizing key areas, using energy-efficient materials, and providing quality fixtures and ample storage space. Joseph also discussed the significance of regular maintenance and safety standards.He differentiated between fix and flip and rental properties, advocating for the use of scratch-resistant and waterproof materials in rental properties to minimize turnover costs. Lastly, he stressed the need to understand the local market to determine the appropriate level of quality. Joseph discussed his concerns about the current state of...2024-04-221h 03The Creative BRRRR Strategies PodcastS1E22 - What Is Your Biggest Challenge In Real Estate Investing?Joseph discussed his experiences and challenges in real estate investment, including analysis paralysis, contract management, people management, property maintenance, self-management, and bookkeeping. He expressed concern over the lack of professionalism in presenting deals and the unrealistic expectations it creates. Joseph also highlighted the challenges of securing funding, maintaining accurate records, and the importance of an online presence. He introduced Justin, a Louisiana-based real estate professional, and discussed the challenges he faced in his work, emphasizing the importance of understanding and overcoming personal and financial challenges. Towards the end, Joseph emphasized the importance of understanding various challenges before s...2024-03-171h 02The Creative BRRRR Strategies PodcastS1E21 - The Infinite Banking Concept with Jason K Powers of Unbridled WealthJoseph and Jason discussed the Infinite Banking Concept, which Jason described as a tool to help individuals take control of their financial lives by managing their own banking function. Jason emphasized the importance of using properly structured dividend-paying whole life insurance from a mutual carrier to implement this concept. He clarified that Infinite Banking is not like traditionally structured life insurance and that it involves changing the way one thinks about their finances to better manage their money flow. The discussion ended with Joseph asking Jason to break down the features and benefits of the Infinite Banking Concept (IBC). 2024-03-1722 minThe Creative BRRRR Strategies PodcastS1E20 - Paradigm Shift In 2024 - What To Expect For CRE And EconomyJoseph led a discussion about the current state and future of the real estate industry. He expressed his excitement about a perceived paradigm shift in 2024 and highlighted the need for transparency, professionalism, and adaptability in the field. He also critiqued the National Association of Realtors (NAR) settlement, stating that it would make the market more competitive and force real estate professionals to be more transparent. Joseph also predicted a consolidation of associations and a reconfiguration of Multiple Listing Services (MLS) and title companies. He concluded by suggesting that small investor groups are eroding the value of larger associations. 2024-03-171h 03The Creative BRRRR Strategies PodcastS1E19 - What Are The Most Important Factors In Real Estate Lending For YouJoseph emphasizes the importance of comprehending investment strategies in real estate, understanding the market and financing options, and minimizing risks. He shares his passion for educating real estate agents nationwide and his belief in the significance of working with smarter individuals. He also stresses the need for careful location selection, expansion, and understanding the impacts of recession on properties. Joseph clarifies his specialization in commercial real estate loans and advises against owner-occupied loans. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mb...2024-03-161h 04The Creative BRRRR Strategies PodcastS1E18 - Strategies To Enjoy Your Real Estate BusinessJoseph discusses his strategies for managing potentially negative situations in his work, emphasizing the importance of documenting issues before communication and providing a positive spin on negative news. He shares his experience in forming partnerships and joint ventures, but only agrees to those that make sense and require a time commitment. Joseph also highlights the importance of treating others fairly and prompt communication. He shares his preference for the commercial lending space over residential due to its less emotional nature. He emphasizes the significance of building relationships that turn into friendships, even with people he invests in. J...2024-03-161h 05The Creative BRRRR Strategies PodcastS1E17 - Demystifying The Cost Of Owning A Rental PropertyContact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/Contact Us ========= Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/ Email - info@creativebrrrrstrategies.com 2024-03-161h 07The Creative BRRRR Strategies PodcastS1E16 - Building Relationships With A Power TeamJoseph, a real estate investor, emphasizes the importance of building relationships within the power team in real estate. He stresses the significance of respecting and mingling with investors and tenants, and shared his personal experiences of how these relationships have helped him navigate challenging times. Joseph also encourages attendees to engage in deeper discussions and maintain a good reputation in the industry. He also highlights a shift from traditional lending to asset-based lending, which requires more creativity and deeper discussions. The benefits of referrals and maintaining a good reputation in the industry were also discussed. Contact Our S...2024-03-161h 05The Creative BRRRR Strategies PodcastS1E15 - Due Dilligence - Property, People and PaperworkJoseph discusses the current state of the mortgage market, emphasizing the importance of conducting thorough due diligence in properties, people, and paperwork. He highlights the surge in rental inventory due to multifamily development and mentioned the launch of an article on LinkedIn that provides strategies for due diligence.He also shares his recent experience in closing a property purchase, underscoring the importance of due diligence, particularly when dealing with tenants and their leases. He recounts a situation where a tenant's lease could not be produced, causing a discrepancy in the reported rent and a dispute over the...2024-03-011h 12The Creative BRRRR Strategies PodcastS1E14 - How To Identify Great Investment PropertiesJoseph discusses the current opportunities in the real estate market for investors, highlighting the flexibility and potential for competition with institutional investors in the 2 to 4 unit development market. He emphasizes the importance of understanding the right market, tenant, and documentation, and advised seeking professional advice. Joseph also announced the launch of their YouTube account and his upcoming personal website. He also shared insights into current commercial and refinance rates. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Lendmarq - h...2024-03-011h 03The Creative BRRRR Strategies PodcastS1E13 - DSCR vs LTV - Choosing The Right Metric For RE InvestingJoseph discusses the importance of choosing the right loan metric for real estate investment. He highlights two essential metrics, the Debt Service Coverage Ratio (DSCR) and Loan to Value (LTV) ratio. DSCR assesses a property's ability to cover its debt obligations with its rental income, while LTV ratio represents the proportion of a property's value that is financed through a loan. Joseph emphasized the significance of DSCR in commercial and residential real estate investments, particularly for income-driven objectives. Contact Our Sponsors=================Perkitech - https://perkitech.com/Realty411 - https://realty411.com/MB...2024-02-191h 10The Creative BRRRR Strategies PodcastS1E12 - Navigating The Fix To Rent JourneyJoseph discusses the importance of transitioning from a fast-paced flipping strategy to long-term gains through holding rental properties. He emphasizes the need for deep market analysis, including understanding the local rental market, comparative market rent, and the properties' finishes. He also stresses the importance of buying properties at the right price and comprehending repair costs. He highlights the significance of having a clear exit strategy and understanding the financial plan and renovation improvements. Joseph shared his personal experience of helping a client refinance a property and offered advice on managing contractors efficiently to avoid delays and cost o...2024-02-191h 07The Creative BRRRR Strategies PodcastS1E11 - What Do You Need To Have Prepared For Your Lender?Joseph emphasizes the importance of honesty and transparency in dealings with loan officers and account executives. He outlines a basic rental and purchase checklist that includes factors such as market selection, property management, and necessary documentation. Joseph also stresses the importance of understanding the market and its growth potential, as well as the significance of education for first-time investors. He also discussed the process of obtaining a quote, the importance of knowing the client's personal and financial details, and the need for transparency in rates and calculations. Finally, Joseph also highlights the necessity of understanding th...2024-02-191h 23The Creative BRRRR Strategies PodcastS1E10 - Interview With Gualter Amarelo of Alchemist NationGualter Amarelo shares his journey in the real estate industry, starting as an investor in 2008, going through a divorce, and becoming a multi-millionaire by 34. He speaks about his commitment to sharing his knowledge and experiences about money management for free. He also discusses his transition from a real estate agent to a trainer and mentor, sharing how he started teaching his own team of agents and eventually began mentoring real estate investors. The discussion also touches upon the shift from physical to virtual during the Covid pandemic and the upcoming shift back to physical networking. The conversation...2024-02-1843 minThe Creative BRRRR Strategies PodcastS1E09 - Interview With Michael PoggiMichael Poggi discusses his transition from stocks to real estate investment, highlighting the benefits such as passive income, rising property value, and low maintenance. He also shares his strategy of investing in vacant lots, holding them for around five years and then selling them. He targets fast-growing resort communities and sells the lots on terms, effectively becoming the bank. Joseph V. Scorese asks about his target locations, and Michael shared his experiences in Texas and Florida. Both agreed on the importance of long-term investment over quick wins, noting the potential for significant profitability if properties are given...2024-02-1834 minThe Creative BRRRR Strategies PodcastS1E08 - A Discussion On Modern Property ManagementIn this latest episode: Joe engages in a captivating dialogue with a seasoned property manager - Steven Meixner of Gem Property Management - and a forward-thinking realtor: Lisa Tartaglia of Silverstone Real Estate; offering listeners an illuminating glimpse into the evolving landscape of property management. With a focus on the year 2024, the trio delves into the emerging trends, challenges, and opportunities shaping the industry. From innovative technologies revolutionizing tenant experiences to the intricacies of sustainable property maintenance, they explore the dynamic strategies employed to navigate the ever-changing real estate terrain. With insightful anecdotes and practical ad...2024-02-1419 min