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.
In this episode, we have an opportunity to have a conversation with Corey Peterson on the world of multifamily. Corey is my dear friend and a multifamily guru. He has been in the industry for a long time, and he is doing great things.
Corey Peterson will share his real estate journey with us and what triggered his passion for joining the world of multifamily. Also, he will tell us how storytelling has become an essential part of his life.
In Corey's life, family comes first. Corey will tell us what he is doing for his family and what kind of legacy he wants to leave behind for his children. Also, he will be telling us of a love journal that he and his wife maintain and why it is essential to them.
Are you ready for a motivating episode? Listen in to this episode.
Key Talking Points of the Episode:
[02:34] How Corey got into real estate
[07:26] Corey's scale on real estate
[12:23] How big a deal in multifamily is property management
[14:22] Scaling a business: How does Corey scale his business?
[15:43] Corey's brand: the big Kahuna
[18:32] What does legacy mean to Corey Peterson?
[21:00] Love journal story
[25:47] Corey's heroes
[28:27] What does the future look like for Corey and Kahuna
[31:17] How can you become an investor in a multifamily deal?
Quotables:
"The biggest mistake you can have with your children is trying to put yourself on a pedestal and give them unrealistic expectations of them living up to the height."
"If you don't look for the best management companies, you are doing yourself a disservice."
"COVID is already on its way out the door, and guess what, I still own all my assets."
Connect with Corey Peterson:
Resources Mentioned in the Episode:
Jimmy Vreeland joins Marck to discuss how to thrive in the current high interest rate environment.
Marck joined Greg Helbeck on the Real Estate Investing Fast Track to discuss all things real estate from what it's like to invest in the Midwest, Marck's business model with SBD Housing Solutions, to new construction in Kansas City, and how to find buyers.
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.
Real estate investor Brad Chandler joins Marck to discuss how to transform your mind and how that can benefit entrepreneurs.
President of Ashlar Homes, Shawn Woods, joins Marck to discuss his experience as a builder and the benefits of new construction.
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.
Matthew Pollard joins Marck to discuss rapid growth in the face on uncertainty.
DealMachine CEO joins Marck to discuss how technology is impacting real estate.
How agents can take advantage of the real estate market.
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
Stay up to date
For any inquiries, please email us at hello@podcastworld.io