How to Thrive with High Interest Rates featuring Jimmy Vreeland
Jimmy Vreeland joins Marck to discuss how to thrive in the current high interest rate environment.
Dave Payerchin Is A Former Turn Key Provider Turned Single-Family Land-Grabber
enMay 17, 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
Understanding Turnkey Investment with Dave Payerchin
Information is power. Have you been willing to invest in single-family units, but you don’t feel like you have enough information to help you make a decision? This episode is for you. Today, we have Dave Payerchin joining us on the show. We’ll be helping you understand the turnkey investments.
Dave is a good friend of mine. I’ve known him for about five years now. We have made mission trips together, we have spent time broke bread. We’re part of multiple masterminds together. So I know this man; he has a heart of gold, he loves to help people.
Dave and I will be talking about Turnkey investments, blockchain technology, inflation, and its effects on the economy.
Listen in and learn.
Key Talking Points of the Episode:
[01:18] Getting to know Dave and what he does
[03:01] Turnkey investment property
[05:28] Pitfalls that comes from investing in real estate
[09:05] Dave’s opinion on real estate
[12:19] Finding the suitable turnkey
[17:18] Is blockchain technology going to be a valuable and consumable service?
[21:09] Multifamily versus single-family investments
[31:44] Effects of money printing on the economy
[37:10] Protecting yourself from inflation
[46:19] cash flow expected from $150,000 investment
[51:00] Dave’s a bad experience with a turnkey provider
Quotable Quotes:
“It’s hard enough to buy a house without somebody giving it to you on a silver platter. But to deal with tenants and provide a quality tenant experience is impossible to do it yourself.”
“The great thing about the difference between a television and a piece of real estate is the TV immediately goes down to value the minute you walk out the door, but the real estate always goes up.”
“Be careful out there for these like the charlatans that are excellent salespeople have real estate, but they have no operations in place at all, except for the operations of finding more customers to sell to.”
Connect with Dave Payerchin:
LinkedIn: https://www.linkedin.com/in/dave-payerchin-7811a769/
Recent Episodes from Mistake FREE Real Estate With Marck de Lautour
Navigate Real Estate Like A Pro
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How to Use a 30-year Fixed Mortgage with Richard Advani
Richard Advani of Guaranteed Rate joins Marck to discuss creative solutions to combat rising interest rates and how investors can use a 30-year fixed mortgage to their advantage.
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Takeaways From the Nation's Top Real Estate Investors with Jimmy Vreeland
Jimmy Vreeland joins Marck de Lautour on the Mistake Free Real Estate podcast to discuss their takeaways from the Collective Genius Mastermind which features the nation's top real estate investors and what top real estate investors in the country are doing to grow their business.
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Mistake FREE Real Estate With Marck de Lautour
enJune 01, 2023
How Agents Can Take Advantage of the Real Estate Market with Tom Cafarella
How agents can take advantage of the real estate market.
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