How to Thrive with High Interest Rates featuring Jimmy Vreeland
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Building Strategic Relationships with Corey Peterson
enNovember 27, 2021
What was the main topic of the podcast episode?
Summarise the key points discussed in the episode?
Were there any notable quotes or insights from the speakers?
Which popular books were mentioned in this episode?
Were there any points particularly controversial or thought-provoking discussed in the episode?
Were any current events or trending topics addressed in the episode?
About this Episode
Are you in real estate thinking of earning a strategic relationship? This episode is for you! Today I have the pleasure of hosting Corey Peterson on the show. Corey and I are in a strategic relationship. The beauty of our relationship is that our roles are clearly defined, and none of us micromanages the other.
Corey Peterson is a multifamily investor. He’s an author, podcast host, mastermind host, and coach. Corey has learned how to create both financial freedom and time freedom. Corey enjoys serving others by building both his and his investors’ wealth and teaching others how to do it.
In this episode, we’ll be telling you how our partnership began, the deals we have done together and what we are looking forward to in the future. Also, Corey will share some nuggets of wisdom for the newbies in the industry.
Listen in and learn.
Key Talking Points of the Episode:
[01:08] Getting to know Corey
[09:18] How Corey Peterson started talking about controlling capital
[05:15] Core values of a strategic relationship
[11:48] Raising money from investors
[20:05] The one Robins portfolio and what Corey loved about it
[23:02] What do the next five years look like for Corey and his company
[24:57] What is Corey currently reading?
[27:33] Advice to people who are just joining the real estate world
Quotes from the Episode:
“Being a trustworthy, upstanding person who does what they say they’re going to do and at the end of the day, the one thing that I can say confidently is that my investors trust me.”
“Nothing ever works when you rush a deal.”
“Nothing works when you rush a partnership.”
“If I’m going to put my investors capital to work. I need to know who I’m dealing with.”
“I love the way that we each stay in our lanes, and we respect each other’s role.”
“We believe that that real estate is the safest vehicle out there and that more people should be being deployed into that asset class and we just choose to work with those that are high income and high net worth.”
“No matter what people say, buy and hold.”
“I truly believe that it’s not about how much money you make, but the assets that you buy, with your income.”
Connect with Corey Peterson:
Website: https://kahunawealthbuilders.com/
Resources Mentioned in the Episode:
A road less Stupid - Keith Cunningham
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What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland
Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.
Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!
Key Talking Points of the Episode
00:00 Introduction
01:43 How does Collective Genius help us give back?
03:26 What are our biggest takeaways from the event?
06:53 What makes this recession different from 2008?
08:46 Where do we stand on inflation rates today?
12:44 How is inflation crushing the middle class?
14:38 How can real estate investing set you up for the future?
17:34 What is the greatest threat to every investor’s portfolio?
21:31 What does real estate value appreciation look like today?
23:32 Why should people take advantage of Fannie Mae loans?
26:42 What is happening in the new construction market today?
31:16 What are we experiencing in the turnkey market today?
Quotables
“The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”
“Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”
“Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”
“Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”
“If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”
“Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”
“Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”
Links
Book: Principles for Dealing with the Changing World Order
https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg
Mistake FREE Real Estate With Marck de Lautour
enApril 06, 2023