April 24, 2025 • 29 mins
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Speaker 1 (00:01):
Welcome everybody to the Professor's Real Estate
Investing Podcast.
I'm with Mr Property Reliefhimself, mr Marcus Harvey.
How are you doing, marcus?
Speaker 2 (00:08):
What's happening, Tony?
Just another day, a beautifulSaturday.
Speaker 1 (00:12):
Oh, yes, sunny, no clouds, birds chirping.
It's a great day today, indeed,yeah.
So today's subjects, aka titlestoday, is rentals versus flips,
versus syndications whichstrategy is right for you?
So, out of these three, there'sthree ways to go about it with
rentals, syndication and flips.
(00:34):
So the question would be eachstrategy has its own pros and
pitfalls and purpose.
So today we're going to breakit down on all three of these
which one is going to be goodfor your goals, your time and
your risk tolerance?
So, we're going to start by therentals.
So rentals is, you know, buyand hold real estate, you own
(00:55):
the property, you rent it outand you collect monthly cashflow
while building long-term equity.
So with this is when you cometo rentals, it's a longevity
game right there.
That's the reason why you haverentals, because what that
rental is going to do is goingto pay your mortgage and then
get that passive income,depending on how much passive
(01:17):
income you want.
Speaker 2 (01:19):
Yeah, with the buy and hold real estate, that's
always, you know, um the longgame for an investor.
Um, you know you want to beable to uh bring in steady
cashflow from rentals.
Um, you know, some people thinkthey're a headache to deal with
but, um, it's always been atrue, tried and true uh strategy
to to uh to do as far as longgame um in real estate.
(01:43):
So, yeah, buy and hold realestate for uh, for rentals, is a
good, uh, good strategy yeah,and it's not dealing with just
one home.
Speaker 1 (01:52):
It could be a duplex, triplex, fourplex yeah yeah,
apartment building, yes, indeed,yeah.
Uh, number two, flips, that'sthe buy low, renovate fast and
sell high.
This is the, this is the cashflow.
Uh, this is like the cash cowgame right here, yeah, but it's
riskier and more hands-on.
(02:13):
Yeah, you know a little bitabout the flips.
What would you say for peopleout there when it comes to the
flips, like, uh, um, whathurdles you might have to cross
with the?
Speaker 2 (02:23):
flips, yeah so.
So flips are just, um you know,a little bit different um when
it comes to doing flips, becauseyou just are going into the
unknown on trying to figure outum how to uh renovate and um uh,
um redo a house, and um youknow, redo a house and um you
know, uh remodel a house.
(02:44):
Um the flips, um it could, youknow it's a gamble because
you're really gambling, you know, on trying to make the property
look better and you're tryingto uh get a re good resale value
out of it.
Um, uh, dealing withcontractors and dealing with
time issues on flips, um, um,you know that can be a headache
(03:08):
sometimes, but if you have theright, you know systems in place
and processes in place, thenflips depending on what you got
going on, it could be a reallygood strategy to really make
some good money.
Speaker 1 (03:21):
Yeah, exactly, and I was thinking too when you were
saying that also, we knowsomebody who deals with helping
out with buying, with buyingbasically, like you know, for it
comes down to even likeforeclosure homes and everything
, yeah, and then they know theyknow from that part like hey, oh
, we're going to have basically,what they're doing is they're
flipping it.
What they're doing is they'reflipping it right, whatever
(03:45):
needs help work, but they do goby the numbers and like it's
going to be worthwhile for us toto have this, make this happen.
Speaker 2 (03:49):
Yeah, exactly, yep.
Shout out to Ed.
Speaker 1 (03:52):
Oh, mr, mr Ed, that's .
That's my guy.
I don't, you know I he hates itwhen I call him my mentor, but
he's taught me a lot since I'vebeen in real estate for over
five plus years.
So it's that guy.
Speaker 2 (04:02):
Oh yeah, and yeah, he's the one.
He's one of those guys thatthat does that.
He turns and turns and burnsproperties, as they say, or he
flips properties and stuff.
Speaker 1 (04:11):
So yeah, because he works with those investors and
they go by.
You know it went real estateinvesting all the like.
You know Grant Cardone saidit's about the numbers numbers.
Speaker 2 (04:25):
Does the numbers make sense?
Yep, exactly, they have to makesense, because how are you
going to know what the profit is?
How are you going to know youknow what you're making, what
your return on investment is.
You know, the numbers are a bigpart of it, like you know.
You might love the strategy offixing and flipping and maybe
fixing up stuff and maybe doinga little bit of construction,
but at the end of the day thenumbers have to match, you know,
(04:46):
so you can make a profit.
It's a business, you know.
Speaker 1 (04:48):
Yes, and that's about that's.
That's the understanding of,you know, the strategy on flips.
Number three is the syndication.
This is a group of investing,typically a large multifamily,
of commercial deals.
You, um, it's a pool of moneythat you all put together with
other investors and a sponsor,and that's how you go about
doing the, the syndication.
(05:09):
I love syndication.
That's where I eventually wantto go at.
It's a syndication becausebasically, with the syndicate,
the syndication, it's like yousaid.
You have a whole bunch ofinvestors you put your money
together for to buy the.
You know the multiamily, largemultifamily and commercial
property the best formultifamily, because multifamily
(05:30):
is going to be that onecommercial property.
A lot of stuff has changed inthe commercial side, especially
COVID, like everything.
There's still people workinghome-based.
There's a lot of companies thatare frowning.
They're like you know what youneed to come back to work, but
there's still those companiesout there that want people to
(05:50):
work from home and that'sleaving a whole lot of business
offices.
I think we talked about thisbefore.
What do you think is going tohappen with a lot of those
businesses that are justuninhabited?
Speaker 2 (06:04):
So those commercial properties that the loans are
coming due on, yes, yeah, that'sgoing to be crazy market.
That's going to be a crazy gameright there, because I see a
lot of investors cashing in onthose, trying to buy a lot of
those properties and then maybeeven trying to convert some of
those commercial.
If they can, depending onzoning, convert some of those
(06:27):
commercial buildings into somekind of residential living.
You know what I mean.
Try to convert office spaces,residential living or apartments
or something like that.
But even that's expensive toyou know.
Trying to convert fromindustrial or commercial into
residential, that could be, thatcould be really expensive.
Speaker 1 (06:49):
So yeah, I was thinking the same thing too.
I was like what thesecommercial, especially the
offices?
Yeah, If somebody you knowsomebody's right now trying to
work on a blueprint on how tochange those office spaces into
residential spaces yeah, I knowthey were working that down in
la.
Yeah, with the big time in latrying to make more affordable
housing yes, I know they'reworking on that really hard, but
(07:12):
, uh, if it does work, which?
And if, if it, if somebody getsa blueprint and it makes it
happen like they're, they'resitting there, they're setting
themselves up for success rightthere, cause a lot of people are
going to go by that blueprintand be like yo, how did you go
about doing that?
Because there's going to be,there's right now, there's a lot
of buildings that areuninhabited, occupied.
Speaker 2 (07:32):
Yeah, there's a lot of commercial stuff, um, let
alone residential, but there's alot of commercial stuff.
Speaker 1 (07:37):
That's just man, it's going to be a frenzy out here
pretty soon with that commercialstuff Exactly Frenzy.
The next one which makes themost money and we're going to
talk about these again, theflips.
You can make faster profitssometimes, you know, between 30,
50 K even six figures, but itdepends on the timing and you
(07:58):
know an execution.
So it's always going to be,especially with the flips, how
much profit are you going tomake off of it?
Right, and I know some peoplethey navigate into flipping like
they started in real estate inflipping and then that cut that,
the collateral that they didget off that profit, profit,
excuse me.
They advance it into somethingelse bigger.
(08:18):
So, basically, you know, theyeventually just graduate to
different levels.
Speaker 2 (08:23):
Yeah, yeah.
And then, on that note too,with the flips, you know you can
make 30, 50,000, six figures,just depending on what price
point you're flipping at.
But like they always say, yougot to make your money on the
buy.
When you're buying theseproperties, you got to factor in
all costs in the buying process.
(08:43):
You know you can't leave it upto fate or just be winging it.
Speaker 1 (08:49):
Yeah, we know about that winging it.
Speaker 2 (08:50):
Yeah, you can't be winging it on these numbers
which you about to bring up.
Speaker 1 (08:54):
oh boy, that's all I can think of.
Speaker 2 (08:59):
Right, but anyway though.
So yeah, you can't just wing iton the on these numbers,
especially on fixing flips,because um stuff that you didn't
know um was gonna pop up popsup on you.
Um, you go, start tearing intowalls, stuff starts popping up
on you, so you just got to beready for that.
You, you can't, uh, um, youcan't uh take these numbers
lightly.
You have to really be preciseum when you're uh fixing and
(09:23):
flipping, you know.
Speaker 1 (09:24):
Yeah, exactly Exactly the next one rentals.
This is bring steady income andtax benefits.
When you, when you scale it,you can replace your nine to
five entirely.
I do know this because I knew aperson had a rental a long time
ago and they had 45 rentals, sothey didn't have to work a nine
(09:45):
to five.
All their rentals and all theincome they were getting off of
that, that steady income, justsupport their lifestyle.
Speaker 2 (09:53):
Yes, that's awesome, yes, that's awesome, yes, that's
awesome, yes, that's awesome.
And that's the point where youreally want to be at, because
(10:15):
even though, like, inflationalways makes things more
expensive, hey, just grabanother rental.
Yeah, bills go up and just grabanother rental.
You know Social Security, tryto feed you, or any kind of
other investment you may havegoing on.
You know real estate is just,it's good like that where you
can just say you know, inflationis killing us, bills are rising
, we need a couple more rentalsto keep our lifestyle going, or
(10:36):
you know.
Speaker 1 (10:37):
Yes.
Something else Something elsehas to happen.
Well, it's like warren buffettsays.
You say, if you have only oneincome, you're, you're, you're
one income away from being poor,yeah, just homeless.
Speaker 2 (10:49):
Or homeless, yeah, and just you know paycheck to
paycheck living um, everyone's,I'm sure done it um at one point
or another, unless you werejust born into a rich family or
something and had it passed toyou.
But for the most part, like youjust have to just keep going
and just keep.
If you're going to do rentalsand you're going to have rentals
(11:12):
as your main income, maybeafter retirement, maybe after
retirement, and you see likeinflation and the economy
getting bad and you know thingsgetting tighter, then it's
always good to pick up anotherrental to be able to get some
more cash flow.
That way, you don't have to goback to work Right.
Speaker 1 (11:29):
That's the goal, that financial independence, exactly
All right.
The next one syndication.
The next one syndication.
So syndication it offerspassive income with a bigger
upgrade, especially when you'reinvesting in multimillion dollar
apartment buildings.
You typically earn returns withyou know with, via cash flow
and equity splits, without beinga landlord.
(11:51):
So it comes down to we'll getfurther into it, especially with
you know with when dealing withsyndications or real estate
itself.
It breaks it down to two levels.
Do you want to be a actor,active investor or a passive
investor?
Yes, that's what it comes downto.
Yeah, because both of them.
You're going to reap thebenefits for it.
(12:11):
Just what type of benefitsyou're going to reap benefit
from both of them.
Speaker 2 (12:14):
You could do both.
Speaker 1 (12:15):
You could do one you could do the other.
Speaker 2 (12:17):
It's just the type of person you are, um, you know,
especially like with.
Well, I was going to say realquick, I was going to touch on,
just like um, um, propertymanagement.
Some people, like some owners,like to be involved all the way
or, you know, they would like tomanage it themselves and then
they like to hire a managementcompany just to do some things
(12:37):
while they take care of otherthings?
Speaker 1 (12:40):
Yes, they delegate it .
Speaker 2 (12:41):
They delegate it.
And then some people just like,hey, I don't want to do
anything, but just collect mymoney, so you handle everything.
You know, they hire a propertymanagement just to do every
single thing, and that's it youknow, yes.
Speaker 1 (12:54):
And then here's the real question, like we were
talking about do you want tomake a quick cash, steady income
or long-term wealth?
Say, uh, go ahead.
Sorry, I was going to do itbecause it was at the time.
The time commitment andinvolvement, because time is
everything.
Yeah, and then it's like I said, when it comes to real estate
investing, it's it's alwaysabout time, like, like I said,
(13:16):
do you want to make that quickcash?
What do you want?
What is your objective?
Right?
So, like, flipping is a, it'salways about time, like I said
do you want to make that quickcash?
What do you want?
What is your objective?
Speaker 2 (13:25):
Right so like flipping is a full time job.
You're managing contractors,timelines, permits and surprises
.
Speaker 1 (13:28):
Right, right and then you got rentals.
That can be, that can be semipassive especially with a
property manager, as you werespeaking about, especially with
the property manager, as youwere speaking about, yes, sir.
And then syndication.
It's the most passive you writethe check and the sponsor does
the work.
That sounds amazing.
I think that's the reason why.
Speaker 2 (13:47):
I like syndication.
Yeah, because it's just so.
You're just so hands off, youknow, you just have to write the
check for me.
Whoever is in control of thedeal, Shout out Grant Cardone
syndication.
Oh, yes, you know, he's likeone of them, kings that does it.
There's other guys, I'm sure,that do it out there, but just
GC does it he comes to mindbecause he's always syndicating
(14:11):
deals and stuff like that.
Speaker 1 (14:13):
Yes, it is so.
If you have a nine to five orraising a family, you might want
to swing a hammer or deal withmidnight plumbing calls.
So syndication or long termrentals might be a faster,
better fit for you.
Speaker 2 (14:26):
Yeah.
Speaker 1 (14:27):
Yeah, now the risk to watch out for flipping and,
like you were saying, holdingcosts, market shifts, the rehab
budgets, the underestimatedrehab budget.
Speaker 2 (14:42):
That's like the, the number one.
You either overestimate or youunderestimate your rehab.
And when you underestimate yourrehab, oh man Is.
That's why the numbers can beimportant, you know.
Speaker 1 (14:56):
Yes.
Speaker 2 (14:56):
Got to do it right.
Speaker 1 (14:58):
At rentals tenant issue vacancies, unexpected
maintenance.
Speaker 2 (15:02):
Yeah, yeah, with rentals, yeah.
Speaker 1 (15:05):
Yeah, I mean, a person can have rentals and
they'll be, you know, onvacation and Dubai, and they get
a phone call talking about,yeah, the, you know, the
plumbing, the plumbing, thetoilet's not flushing, there's
something clogged up in thelines.
What do you do?
Speaker 2 (15:20):
Yeah, you got to make that call from Dubai and say
Roto-Rooter.
Speaker 1 (15:24):
Yeah, exactly Right, I'm going to pay for this hefty
fee, but yeah, I'll do it.
Yeah, and then syndication.
It says you know, once you'rein, you can't pull your money
out easily and you can't.
And this is what I do knowabout syndication.
(15:46):
They have a portfolio ofeverything that's going on.
You will know everything that'sgoing on with your money.
Like I said, it's an investorpool, but the thing about it is
they have an exit plan for howmany years it's going to be.
It comes to, uh, the, the, thefunding.
How much?
(16:09):
How much is going to be brokendown to for everybody to get
their, their passive income?
Speaker 2 (16:14):
Yeah, yep, all that's gotta be uh accounted for.
How much dividends are going tobe dispersed uh, in this in the
project?
Uh, well, with the syndicationdeal they're gonna.
Um, it's just, with thesyndication deal they're going
to.
It's just, you know, it's somuch, so many terms in the deal
and so many rules you have tofollow Because, like you say,
(16:35):
you can't just easily, you can'tjust put your money in and then
think, oh, I'm just going to, Idon't, I think I'm having a bad
time period right here.
Speaker 1 (16:43):
I need that money back.
Speaker 2 (16:44):
I need that money back.
No, you can't just get it outlike that.
So if you're going to dosyndication, you might want to
think about that Like you can'tjust easily pull your money out.
You change your mind, you havean emergency.
That money has to be in thatdeal.
Stay in that deal, according tocontract.
Speaker 1 (16:59):
Yes.
And then the bottom line everystrategy comes with risk.
The key is knowing how tomanage that risk and make
decisions based on data, notemotion.
Do not let your emotions be apart of it, especially with real
estate Anything real estate.
Do not put your emotions intoit, because that could be the
downfall.
Speaker 2 (17:18):
right there, right right If you're buying your, I
guess, family house, personalhouse yeah, you're going to feel
emotion.
Speaker 1 (17:23):
Yeah, your forever home.
Speaker 2 (17:24):
Yeah, your forever home.
You're going to be happy,you're going to want what you
want.
You're going to feel a certaintype of way, but with investing,
never put your emotions andit's all about the business.
It's all about the profit, andyou know helping people along
the way.
Of course you know helpingpeople along the way as much as
you can, but at the end of theday it's a business and you got
(17:45):
to treat it like that.
Speaker 1 (17:48):
And the next, which one is right for you?
Because this is what comes down.
Excuse me, this comes down toyou as an individual.
Ask yourself how much capitaldo I have?
Yeah, do I want to be an activeor passive investor?
Right, and that's dealing withthe income of it.
And then, do I want control, ordo I want freedom?
(18:11):
You want the freedom to justput your capital in it and then
make it work for you, right,yeah, yeah.
So definitely that's a personalquestion that everyone needs to
ask themselves as to which oneis going to be best for them.
How didn't go about this?
What?
So many ways to get the capitalto go about it, but it's what's
going to be best for you.
So, and then you start withstart what matches your
(18:34):
lifestyle.
I agree, if you just gettingstarted, maybe house, you know.
Maybe house hacking or smallrental, yeah.
If you're capital rich, putthat time into.
You know, syndication could bethe spot for you, mm, hmm.
But if you're ready to get yourhands dirty and everything and
(18:55):
learn fast, try to flip.
You know you can try to fliphomes.
Speaker 2 (18:58):
Right.
Speaker 1 (18:58):
Right, but then, if you want to make sure, just
don't do this by yourself.
Speaker 2 (19:05):
Yep, definitely don't Going to need some people, some
team.
Speaker 1 (19:09):
Yeah, you definitely need the team.
Um, there is so many differentways and avenues right now.
Um, to get ahold of people whoare.
You know, you got the, you gotthe bigger pockets.
There's even some uh, uh,what's the investor?
What's the one that you go onto?
The investor lift?
Oh yeah, investor lift.
Speaker 2 (19:26):
Shout out to Investor Lift.
There's all kinds of propertieson there.
They've got videos you canlearn.
They'll teach you certainstrategies and stuff like that.
They're big on wholesaling.
You know what I mean.
Investor Lift is big onwholesaling, but you can find
some fix and flip deals whilewholesaling on Investor Lift.
Speaker 1 (19:46):
Yes, and then he says you know the final thoughts of
coming with all this togetherabout this.
Real estate isn't one size fitsall and there's basically the
best investors.
You know that I've known likethey know that through time that
they're going to reap thebenefits of it If the cashflow,
the tax benefits, they knowexactly what they're in it for.
(20:08):
So you have to ask yourselfabout what's getting the capital
which one is going to be goodat.
Is the rentals, the flips orthe syndication?
What's going to be best for youand fit your lifestyle the best
way it can possible for you?
Yeah, exactly.
He says.
So, basically, don't wait forthe best strategy.
Start where you are, learn,adjust and grow into an investor
(20:28):
that you meant to be, and itstarts with you.
When it comes down to it, itstarts with you.
Definitely number one.
Your mind shift, your mindstate yes.
Speaker 2 (20:38):
Mindset is important.
You got to have the rightmindset in this business If you
want to get in and really takeit really serious.
You have to, like, have theright mindset.
You've got to be disciplined,you've got to be knowing what
the game is about.
You've got to learn the game,learn the numbers.
Like when I first started, Ijust wanted to just to perfect
(21:00):
wholesaling and get the strategydown on OK, how was the
wholesaling process works?
And then I started just lookingat different other strategies.
Now I'm looking at newconstruction because you know I
want to know how that processworks and how development works.
So, yeah, just you know, and Ithink, like there's so many
(21:20):
strategies in real estateSometimes it's hard to pick
because, like, depending onwhere you're at, you know
personally, like you say, if youalready got money, you might
want to just jump in thissyndication and be a passive
investor.
But if you're really trying toget in and get some money and
you're trying to get started andtrying to invest in people
(21:41):
going to want to wholesale firstor, like you said, a house hack
, you know, to get some someincome coming in.
So yeah, it just depends on getsome some income coming in.
Um.
So yeah, it just depends onlifestyle and what you're
interested in and, um, you knowwhat makes the most money, too
is important because, uh, whatyou can do in one strategy, um,
(22:01):
um, and make a certain amount ofmoney, you go to a different
strategy and it makes way moremoney, Exactly.
Speaker 1 (22:07):
Yeah, and that was one of the reasons why I started
the Professionalist Real EstateInvesting Podcast.
It's in the real estateinvesting sector, but there's so
many different parts of it, soI'm trying to open people's
minds up to different avenues,different directions that can
help them as to choosing what'sgoing to be best and beneficial
(22:27):
for in their lifestyle, as towhat's to the side for real
estate investing.
Speaker 2 (22:31):
Yeah.
Speaker 1 (22:31):
Because there's there is some podcasts out there not
knocking on any podcast thatdeals with the, you know the
just syndication or multifamilyand everything I listen.
I listen to all of that Like Ido.
I've benefited so much tolisten to all of it.
You know information is powerto listen to all of it.
You know information is power.
So shout out to all the RealEstate Investing podcast.
Speaker 2 (22:49):
I check out everybody , like just everybody.
Just shout out to everybody.
I could sit here and name dropall day but just shout out to
everybody that's in Real EstateInvesting, that's doing podcasts
about it, that's sharinginformation, that's keeping up
to date on new laws and justeverything.
Speaker 1 (23:07):
Yeah, I do Exactly.
And then we're done with thatside right there of the three,
right there, the rentals, theflip and the syndication.
This part I want to just go toa little bit as to, especially
with our economy, the newadministration and what I've
been seeing right now is thereis a lot of and you know this
(23:28):
because we talk about it everyday there is a lot of
pre-foreclosures going on rightnow.
There's a lot of expiredlistings going on.
So right now it is prime timefor people to get in real estate
investing because there is somuch that is going on with the
administration.
I know that one of the mainthings that they're going to say
(23:49):
that's going to come about isthey're going to have the 100%
bonus appreciation.
Speaker 2 (23:53):
Yeah, they're supposed to be coming soon.
Speaker 1 (23:55):
Yeah.
So I know a lot are waiting onthat.
A lot of investors are waitingon that with the bonus
depreciation.
Another thing too, like withthe pre-foreclosures, that's
prime time for a person if theywant to get into a deal.
It's a prime time because meand you we've seen yeah, you've
showed me somewhere.
(24:16):
Time's hard out here.
Speaker 2 (24:18):
We ain't going to lie about it.
Speaker 1 (24:20):
It is hard, it's really hard.
You told me the one where theperson had their mortgage was
under $400 a month.
Speaker 2 (24:28):
Yeah, I told you that the other day.
Yeah, but they couldn't affordit.
Speaker 1 (24:32):
You know what, Everybody's life is completely
different and they weren't ableto.
But now it's in pre-foreclosureIf you want to get in real
estate investing.
They said this.
They said, basically with theadministration, I do with the
administration that is in now,this is the best time to get in
real estate investing.
Speaker 2 (24:52):
Yeah, If you don't get in the next four years, when
Trump while Trump's you knowhe's a real estate guy If you
don't get in right now it'sgoing to be hard, because I mean
it won't be hard but he will.
He'll make it a lot easier inthese next four years for
business guy people, real estatedevelopers, anybody that's
involved with real estate.
(25:13):
He's going to tailor to youknow the laws and the rules for
those guys to make it easier tofor for building, for anything
development, for for just realestate in general, for just real
estate in general.
So I'd advise anybody to try toget in, at least in these next
four years.
If you're trying to get rich,if you're trying to get wealthy,
if you're trying to buildgenerational wealth through real
(25:34):
estate, I definitely try to doit right now.
And even if you're notinterested in real estate per se
, just you know, get someproperties, get some.
You know, try to get in somekind of way, you know.
Speaker 1 (25:55):
Yeah, I've never, ever heard of anyone that said
you know what real estateinvesting is horrible to get
into?
You'll never, ever hear that.
Speaker 2 (25:58):
Never You'll hear that there's up and down markets
, up and down cycles.
There's different cycles.
Real estate's bad right now forfor retail, or real estate's
not good right now for for thisreason.
But investment wise, dependingon what strategy you're using.
Real estate is always good.
It's always gonna be good.
You just you can't go wrongwith this.
Speaker 1 (26:19):
So yeah, I tell people I was like.
Some people ask me.
They're like is this a bad timeto get in real estate and real
estate investing?
I'm like no, there's always.
There's people buying all thetime.
As long as the numbers are goodand numbers are right for you
Right, it's always a great time,yeah.
Speaker 2 (26:36):
That's always a good time to invest.
You just got to like.
They say everything'snegotiable, right.
Speaker 1 (26:41):
Yeah, everything's negotiable.
Speaker 2 (26:42):
Everything's negotiable, so you just got to
negotiate your number, you know,and just make sure that you
know you're buying right becauseyou make your money on the buy.
That's the rule.
Speaker 1 (26:53):
Yes, yes, all right, that's another episode of
Professions Real EstateInvesting Podcast, talking about
the three strategies offlipping, rentals and
syndication.
So on that note, just everybody, have a blessed day.
Thank you, mr Marcus Harvey.
Property relief.
Speaker 2 (27:08):
Property relief.
Property relief Hit me up ifyou got a house that needs to be
relieved in any kind of way.
Any situation, Buy as is.
We close quick.
530-366-2116.
Speaker 1 (27:22):
All right, and on that note, everybody have a
blessed day, peace, peace.
Welcome everybody to the Professor's Real Estate
Investing Podcast.
I'm with Mr Property Reliefhimself, mr Marcus Harvey.
How are you doing, marcus?
Speaker 2 (00:08):
What's happening, Tony?
Just another day, a beautifulSaturday.
Speaker 1 (00:12):
Oh, yes, sunny, no clouds, birds chirping.
It's a great day today, indeed,yeah.
So today's subjects, aka titlestoday, is rentals versus flips,
versus syndications whichstrategy is right for you?
So, out of these three, there'sthree ways to go about it with
rentals, syndication and flips.
(00:34):
So the question would be eachstrategy has its own pros and
pitfalls and purpose.
So today we're going to breakit down on all three of these
which one is going to be goodfor your goals, your time and
your risk tolerance?
So, we're going to start by therentals.
So rentals is, you know, buyand hold real estate, you own
(00:55):
the property, you rent it outand you collect monthly cashflow
while building long-term equity.
So with this is when you cometo rentals, it's a longevity
game right there.
That's the reason why you haverentals, because what that
rental is going to do is goingto pay your mortgage and then
get that passive income,depending on how much passive
(01:17):
income you want.
Speaker 2 (01:19):
Yeah, with the buy and hold real estate, that's
always, you know, um the longgame for an investor.
Um, you know you want to beable to uh bring in steady
cashflow from rentals.
Um, you know, some people thinkthey're a headache to deal with
but, um, it's always been atrue, tried and true uh strategy
to to uh to do as far as longgame um in real estate.
(01:43):
So, yeah, buy and hold realestate for uh, for rentals, is a
good, uh, good strategy yeah,and it's not dealing with just
one home.
Speaker 1 (01:52):
It could be a duplex, triplex, fourplex yeah yeah,
apartment building, yes, indeed,yeah.
Uh, number two, flips, that'sthe buy low, renovate fast and
sell high.
This is the, this is the cashflow.
Uh, this is like the cash cowgame right here, yeah, but it's
riskier and more hands-on.
(02:13):
Yeah, you know a little bitabout the flips.
What would you say for peopleout there when it comes to the
flips, like, uh, um, whathurdles you might have to cross
with the?
Speaker 2 (02:23):
flips, yeah so.
So flips are just, um you know,a little bit different um when
it comes to doing flips, becauseyou just are going into the
unknown on trying to figure outum how to uh renovate and um uh,
um redo a house, and um youknow, redo a house and um you
know, uh remodel a house.
(02:44):
Um the flips, um it could, youknow it's a gamble because
you're really gambling, you know, on trying to make the property
look better and you're tryingto uh get a re good resale value
out of it.
Um, uh, dealing withcontractors and dealing with
time issues on flips, um, um,you know that can be a headache
(03:08):
sometimes, but if you have theright, you know systems in place
and processes in place, thenflips depending on what you got
going on, it could be a reallygood strategy to really make
some good money.
Speaker 1 (03:21):
Yeah, exactly, and I was thinking too when you were
saying that also, we knowsomebody who deals with helping
out with buying, with buyingbasically, like you know, for it
comes down to even likeforeclosure homes and everything
, yeah, and then they know theyknow from that part like hey, oh
, we're going to have basically,what they're doing is they're
flipping it.
What they're doing is they'reflipping it right, whatever
(03:45):
needs help work, but they do goby the numbers and like it's
going to be worthwhile for us toto have this, make this happen.
Speaker 2 (03:49):
Yeah, exactly, yep.
Shout out to Ed.
Speaker 1 (03:52):
Oh, mr, mr Ed, that's .
That's my guy.
I don't, you know I he hates itwhen I call him my mentor, but
he's taught me a lot since I'vebeen in real estate for over
five plus years.
So it's that guy.
Speaker 2 (04:02):
Oh yeah, and yeah, he's the one.
He's one of those guys thatthat does that.
He turns and turns and burnsproperties, as they say, or he
flips properties and stuff.
Speaker 1 (04:11):
So yeah, because he works with those investors and
they go by.
You know it went real estateinvesting all the like.
You know Grant Cardone saidit's about the numbers numbers.
Speaker 2 (04:25):
Does the numbers make sense?
Yep, exactly, they have to makesense, because how are you
going to know what the profit is?
How are you going to know youknow what you're making, what
your return on investment is.
You know, the numbers are a bigpart of it, like you know.
You might love the strategy offixing and flipping and maybe
fixing up stuff and maybe doinga little bit of construction,
but at the end of the day thenumbers have to match, you know,
(04:46):
so you can make a profit.
It's a business, you know.
Speaker 1 (04:48):
Yes, and that's about that's.
That's the understanding of,you know, the strategy on flips.
Number three is the syndication.
This is a group of investing,typically a large multifamily,
of commercial deals.
You, um, it's a pool of moneythat you all put together with
other investors and a sponsor,and that's how you go about
doing the, the syndication.
(05:09):
I love syndication.
That's where I eventually wantto go at.
It's a syndication becausebasically, with the syndicate,
the syndication, it's like yousaid.
You have a whole bunch ofinvestors you put your money
together for to buy the.
You know the multiamily, largemultifamily and commercial
property the best formultifamily, because multifamily
(05:30):
is going to be that onecommercial property.
A lot of stuff has changed inthe commercial side, especially
COVID, like everything.
There's still people workinghome-based.
There's a lot of companies thatare frowning.
They're like you know what youneed to come back to work, but
there's still those companiesout there that want people to
(05:50):
work from home and that'sleaving a whole lot of business
offices.
I think we talked about thisbefore.
What do you think is going tohappen with a lot of those
businesses that are justuninhabited?
Speaker 2 (06:04):
So those commercial properties that the loans are
coming due on, yes, yeah, that'sgoing to be crazy market.
That's going to be a crazy gameright there, because I see a
lot of investors cashing in onthose, trying to buy a lot of
those properties and then maybeeven trying to convert some of
those commercial.
If they can, depending onzoning, convert some of those
(06:27):
commercial buildings into somekind of residential living.
You know what I mean.
Try to convert office spaces,residential living or apartments
or something like that.
But even that's expensive toyou know.
Trying to convert fromindustrial or commercial into
residential, that could be, thatcould be really expensive.
Speaker 1 (06:49):
So yeah, I was thinking the same thing too.
I was like what thesecommercial, especially the
offices?
Yeah, If somebody you knowsomebody's right now trying to
work on a blueprint on how tochange those office spaces into
residential spaces yeah, I knowthey were working that down in
la.
Yeah, with the big time in latrying to make more affordable
housing yes, I know they'reworking on that really hard, but
(07:12):
, uh, if it does work, which?
And if, if it, if somebody getsa blueprint and it makes it
happen like they're, they'resitting there, they're setting
themselves up for success rightthere, cause a lot of people are
going to go by that blueprintand be like yo, how did you go
about doing that?
Because there's going to be,there's right now, there's a lot
of buildings that areuninhabited, occupied.
Speaker 2 (07:32):
Yeah, there's a lot of commercial stuff, um, let
alone residential, but there's alot of commercial stuff.
Speaker 1 (07:37):
That's just man, it's going to be a frenzy out here
pretty soon with that commercialstuff Exactly Frenzy.
The next one which makes themost money and we're going to
talk about these again, theflips.
You can make faster profitssometimes, you know, between 30,
50 K even six figures, but itdepends on the timing and you
(07:58):
know an execution.
So it's always going to be,especially with the flips, how
much profit are you going tomake off of it?
Right, and I know some peoplethey navigate into flipping like
they started in real estate inflipping and then that cut that,
the collateral that they didget off that profit, profit,
excuse me.
They advance it into somethingelse bigger.
(08:18):
So, basically, you know, theyeventually just graduate to
different levels.
Speaker 2 (08:23):
Yeah, yeah.
And then, on that note too,with the flips, you know you can
make 30, 50,000, six figures,just depending on what price
point you're flipping at.
But like they always say, yougot to make your money on the
buy.
When you're buying theseproperties, you got to factor in
all costs in the buying process.
(08:43):
You know you can't leave it upto fate or just be winging it.
Speaker 1 (08:49):
Yeah, we know about that winging it.
Speaker 2 (08:50):
Yeah, you can't be winging it on these numbers
which you about to bring up.
Speaker 1 (08:54):
oh boy, that's all I can think of.
Speaker 2 (08:59):
Right, but anyway though.
So yeah, you can't just wing iton the on these numbers,
especially on fixing flips,because um stuff that you didn't
know um was gonna pop up popsup on you.
Um, you go, start tearing intowalls, stuff starts popping up
on you, so you just got to beready for that.
You, you can't, uh, um, youcan't uh take these numbers
lightly.
You have to really be preciseum when you're uh fixing and
(09:23):
flipping, you know.
Speaker 1 (09:24):
Yeah, exactly Exactly the next one rentals.
This is bring steady income andtax benefits.
When you, when you scale it,you can replace your nine to
five entirely.
I do know this because I knew aperson had a rental a long time
ago and they had 45 rentals, sothey didn't have to work a nine
(09:45):
to five.
All their rentals and all theincome they were getting off of
that, that steady income, justsupport their lifestyle.
Speaker 2 (09:53):
Yes, that's awesome, yes, that's awesome, yes, that's
awesome, yes, that's awesome.
And that's the point where youreally want to be at, because
(10:15):
even though, like, inflationalways makes things more
expensive, hey, just grabanother rental.
Yeah, bills go up and just grabanother rental.
You know Social Security, tryto feed you, or any kind of
other investment you may havegoing on.
You know real estate is just,it's good like that where you
can just say you know, inflationis killing us, bills are rising
, we need a couple more rentalsto keep our lifestyle going, or
(10:36):
you know.
Speaker 1 (10:37):
Yes.
Something else Something elsehas to happen.
Well, it's like warren buffettsays.
You say, if you have only oneincome, you're, you're, you're
one income away from being poor,yeah, just homeless.
Speaker 2 (10:49):
Or homeless, yeah, and just you know paycheck to
paycheck living um, everyone's,I'm sure done it um at one point
or another, unless you werejust born into a rich family or
something and had it passed toyou.
But for the most part, like youjust have to just keep going
and just keep.
If you're going to do rentalsand you're going to have rentals
(11:12):
as your main income, maybeafter retirement, maybe after
retirement, and you see likeinflation and the economy
getting bad and you know thingsgetting tighter, then it's
always good to pick up anotherrental to be able to get some
more cash flow.
That way, you don't have to goback to work Right.
Speaker 1 (11:29):
That's the goal, that financial independence, exactly
All right.
The next one syndication.
The next one syndication.
So syndication it offerspassive income with a bigger
upgrade, especially when you'reinvesting in multimillion dollar
apartment buildings.
You typically earn returns withyou know with, via cash flow
and equity splits, without beinga landlord.
(11:51):
So it comes down to we'll getfurther into it, especially with
you know with when dealing withsyndications or real estate
itself.
It breaks it down to two levels.
Do you want to be a actor,active investor or a passive
investor?
Yes, that's what it comes downto.
Yeah, because both of them.
You're going to reap thebenefits for it.
(12:11):
Just what type of benefitsyou're going to reap benefit
from both of them.
Speaker 2 (12:14):
You could do both.
Speaker 1 (12:15):
You could do one you could do the other.
Speaker 2 (12:17):
It's just the type of person you are, um, you know,
especially like with.
Well, I was going to say realquick, I was going to touch on,
just like um, um, propertymanagement.
Some people, like some owners,like to be involved all the way
or, you know, they would like tomanage it themselves and then
they like to hire a managementcompany just to do some things
(12:37):
while they take care of otherthings?
Speaker 1 (12:40):
Yes, they delegate it .
Speaker 2 (12:41):
They delegate it.
And then some people just like,hey, I don't want to do
anything, but just collect mymoney, so you handle everything.
You know, they hire a propertymanagement just to do every
single thing, and that's it youknow, yes.
Speaker 1 (12:54):
And then here's the real question, like we were
talking about do you want tomake a quick cash, steady income
or long-term wealth?
Say, uh, go ahead.
Sorry, I was going to do itbecause it was at the time.
The time commitment andinvolvement, because time is
everything.
Yeah, and then it's like I said, when it comes to real estate
investing, it's it's alwaysabout time, like, like I said,
(13:16):
do you want to make that quickcash?
What do you want?
What is your objective?
Right?
So, like, flipping is a, it'salways about time, like I said
do you want to make that quickcash?
What do you want?
What is your objective?
Speaker 2 (13:25):
Right so like flipping is a full time job.
You're managing contractors,timelines, permits and surprises
.
Speaker 1 (13:28):
Right, right and then you got rentals.
That can be, that can be semipassive especially with a
property manager, as you werespeaking about, especially with
the property manager, as youwere speaking about, yes, sir.
And then syndication.
It's the most passive you writethe check and the sponsor does
the work.
That sounds amazing.
I think that's the reason why.
Speaker 2 (13:47):
I like syndication.
Yeah, because it's just so.
You're just so hands off, youknow, you just have to write the
check for me.
Whoever is in control of thedeal, Shout out Grant Cardone
syndication.
Oh, yes, you know, he's likeone of them, kings that does it.
There's other guys, I'm sure,that do it out there, but just
GC does it he comes to mindbecause he's always syndicating
(14:11):
deals and stuff like that.
Speaker 1 (14:13):
Yes, it is so.
If you have a nine to five orraising a family, you might want
to swing a hammer or deal withmidnight plumbing calls.
So syndication or long termrentals might be a faster,
better fit for you.
Speaker 2 (14:26):
Yeah.
Speaker 1 (14:27):
Yeah, now the risk to watch out for flipping and,
like you were saying, holdingcosts, market shifts, the rehab
budgets, the underestimatedrehab budget.
Speaker 2 (14:42):
That's like the, the number one.
You either overestimate or youunderestimate your rehab.
And when you underestimate yourrehab, oh man Is.
That's why the numbers can beimportant, you know.
Speaker 1 (14:56):
Yes.
Speaker 2 (14:56):
Got to do it right.
Speaker 1 (14:58):
At rentals tenant issue vacancies, unexpected
maintenance.
Speaker 2 (15:02):
Yeah, yeah, with rentals, yeah.
Speaker 1 (15:05):
Yeah, I mean, a person can have rentals and
they'll be, you know, onvacation and Dubai, and they get
a phone call talking about,yeah, the, you know, the
plumbing, the plumbing, thetoilet's not flushing, there's
something clogged up in thelines.
What do you do?
Speaker 2 (15:20):
Yeah, you got to make that call from Dubai and say
Roto-Rooter.
Speaker 1 (15:24):
Yeah, exactly Right, I'm going to pay for this hefty
fee, but yeah, I'll do it.
Yeah, and then syndication.
It says you know, once you'rein, you can't pull your money
out easily and you can't.
And this is what I do knowabout syndication.
(15:46):
They have a portfolio ofeverything that's going on.
You will know everything that'sgoing on with your money.
Like I said, it's an investorpool, but the thing about it is
they have an exit plan for howmany years it's going to be.
It comes to, uh, the, the, thefunding.
How much?
(16:09):
How much is going to be brokendown to for everybody to get
their, their passive income?
Speaker 2 (16:14):
Yeah, yep, all that's gotta be uh accounted for.
How much dividends are going tobe dispersed uh, in this in the
project?
Uh, well, with the syndicationdeal they're gonna.
Um, it's just, with thesyndication deal they're going
to.
It's just, you know, it's somuch, so many terms in the deal
and so many rules you have tofollow Because, like you say,
(16:35):
you can't just easily, you can'tjust put your money in and then
think, oh, I'm just going to, Idon't, I think I'm having a bad
time period right here.
Speaker 1 (16:43):
I need that money back.
Speaker 2 (16:44):
I need that money back.
No, you can't just get it outlike that.
So if you're going to dosyndication, you might want to
think about that Like you can'tjust easily pull your money out.
You change your mind, you havean emergency.
That money has to be in thatdeal.
Stay in that deal, according tocontract.
Speaker 1 (16:59):
Yes.
And then the bottom line everystrategy comes with risk.
The key is knowing how tomanage that risk and make
decisions based on data, notemotion.
Do not let your emotions be apart of it, especially with real
estate Anything real estate.
Do not put your emotions intoit, because that could be the
downfall.
Speaker 2 (17:18):
right there, right right If you're buying your, I
guess, family house, personalhouse yeah, you're going to feel
emotion.
Speaker 1 (17:23):
Yeah, your forever home.
Speaker 2 (17:24):
Yeah, your forever home.
You're going to be happy,you're going to want what you
want.
You're going to feel a certaintype of way, but with investing,
never put your emotions andit's all about the business.
It's all about the profit, andyou know helping people along
the way.
Of course you know helpingpeople along the way as much as
you can, but at the end of theday it's a business and you got
(17:45):
to treat it like that.
Speaker 1 (17:48):
And the next, which one is right for you?
Because this is what comes down.
Excuse me, this comes down toyou as an individual.
Ask yourself how much capitaldo I have?
Yeah, do I want to be an activeor passive investor?
Right, and that's dealing withthe income of it.
And then, do I want control, ordo I want freedom?
(18:11):
You want the freedom to justput your capital in it and then
make it work for you, right,yeah, yeah.
So definitely that's a personalquestion that everyone needs to
ask themselves as to which oneis going to be best for them.
How didn't go about this?
What?
So many ways to get the capitalto go about it, but it's what's
going to be best for you.
So, and then you start withstart what matches your
(18:34):
lifestyle.
I agree, if you just gettingstarted, maybe house, you know.
Maybe house hacking or smallrental, yeah.
If you're capital rich, putthat time into.
You know, syndication could bethe spot for you, mm, hmm.
But if you're ready to get yourhands dirty and everything and
(18:55):
learn fast, try to flip.
You know you can try to fliphomes.
Speaker 2 (18:58):
Right.
Speaker 1 (18:58):
Right, but then, if you want to make sure, just
don't do this by yourself.
Speaker 2 (19:05):
Yep, definitely don't Going to need some people, some
team.
Speaker 1 (19:09):
Yeah, you definitely need the team.
Um, there is so many differentways and avenues right now.
Um, to get ahold of people whoare.
You know, you got the, you gotthe bigger pockets.
There's even some uh, uh,what's the investor?
What's the one that you go onto?
The investor lift?
Oh yeah, investor lift.
Speaker 2 (19:26):
Shout out to Investor Lift.
There's all kinds of propertieson there.
They've got videos you canlearn.
They'll teach you certainstrategies and stuff like that.
They're big on wholesaling.
You know what I mean.
Investor Lift is big onwholesaling, but you can find
some fix and flip deals whilewholesaling on Investor Lift.
Speaker 1 (19:46):
Yes, and then he says you know the final thoughts of
coming with all this togetherabout this.
Real estate isn't one size fitsall and there's basically the
best investors.
You know that I've known likethey know that through time that
they're going to reap thebenefits of it If the cashflow,
the tax benefits, they knowexactly what they're in it for.
(20:08):
So you have to ask yourselfabout what's getting the capital
which one is going to be goodat.
Is the rentals, the flips orthe syndication?
What's going to be best for youand fit your lifestyle the best
way it can possible for you?
Yeah, exactly.
He says.
So, basically, don't wait forthe best strategy.
Start where you are, learn,adjust and grow into an investor
(20:28):
that you meant to be, and itstarts with you.
When it comes down to it, itstarts with you.
Definitely number one.
Your mind shift, your mindstate yes.
Speaker 2 (20:38):
Mindset is important.
You got to have the rightmindset in this business If you
want to get in and really takeit really serious.
You have to, like, have theright mindset.
You've got to be disciplined,you've got to be knowing what
the game is about.
You've got to learn the game,learn the numbers.
Like when I first started, Ijust wanted to just to perfect
(21:00):
wholesaling and get the strategydown on OK, how was the
wholesaling process works?
And then I started just lookingat different other strategies.
Now I'm looking at newconstruction because you know I
want to know how that processworks and how development works.
So, yeah, just you know, and Ithink, like there's so many
(21:20):
strategies in real estateSometimes it's hard to pick
because, like, depending onwhere you're at, you know
personally, like you say, if youalready got money, you might
want to just jump in thissyndication and be a passive
investor.
But if you're really trying toget in and get some money and
you're trying to get started andtrying to invest in people
(21:41):
going to want to wholesale firstor, like you said, a house hack
, you know, to get some someincome coming in.
So yeah, it just depends on getsome some income coming in.
Um.
So yeah, it just depends onlifestyle and what you're
interested in and, um, you knowwhat makes the most money, too
is important because, uh, whatyou can do in one strategy, um,
(22:01):
um, and make a certain amount ofmoney, you go to a different
strategy and it makes way moremoney, Exactly.
Speaker 1 (22:07):
Yeah, and that was one of the reasons why I started
the Professionalist Real EstateInvesting Podcast.
It's in the real estateinvesting sector, but there's so
many different parts of it, soI'm trying to open people's
minds up to different avenues,different directions that can
help them as to choosing what'sgoing to be best and beneficial
(22:27):
for in their lifestyle, as towhat's to the side for real
estate investing.
Speaker 2 (22:31):
Yeah.
Speaker 1 (22:31):
Because there's there is some podcasts out there not
knocking on any podcast thatdeals with the, you know the
just syndication or multifamilyand everything I listen.
I listen to all of that Like Ido.
I've benefited so much tolisten to all of it.
You know information is powerto listen to all of it.
You know information is power.
So shout out to all the RealEstate Investing podcast.
Speaker 2 (22:49):
I check out everybody , like just everybody.
Just shout out to everybody.
I could sit here and name dropall day but just shout out to
everybody that's in Real EstateInvesting, that's doing podcasts
about it, that's sharinginformation, that's keeping up
to date on new laws and justeverything.
Speaker 1 (23:07):
Yeah, I do Exactly.
And then we're done with thatside right there of the three,
right there, the rentals, theflip and the syndication.
This part I want to just go toa little bit as to, especially
with our economy, the newadministration and what I've
been seeing right now is thereis a lot of and you know this
(23:28):
because we talk about it everyday there is a lot of
pre-foreclosures going on rightnow.
There's a lot of expiredlistings going on.
So right now it is prime timefor people to get in real estate
investing because there is somuch that is going on with the
administration.
I know that one of the mainthings that they're going to say
(23:49):
that's going to come about isthey're going to have the 100%
bonus appreciation.
Speaker 2 (23:53):
Yeah, they're supposed to be coming soon.
Speaker 1 (23:55):
Yeah.
So I know a lot are waiting onthat.
A lot of investors are waitingon that with the bonus
depreciation.
Another thing too, like withthe pre-foreclosures, that's
prime time for a person if theywant to get into a deal.
It's a prime time because meand you we've seen yeah, you've
showed me somewhere.
(24:16):
Time's hard out here.
Speaker 2 (24:18):
We ain't going to lie about it.
Speaker 1 (24:20):
It is hard, it's really hard.
You told me the one where theperson had their mortgage was
under $400 a month.
Speaker 2 (24:28):
Yeah, I told you that the other day.
Yeah, but they couldn't affordit.
Speaker 1 (24:32):
You know what, Everybody's life is completely
different and they weren't ableto.
But now it's in pre-foreclosureIf you want to get in real
estate investing.
They said this.
They said, basically with theadministration, I do with the
administration that is in now,this is the best time to get in
real estate investing.
Speaker 2 (24:52):
Yeah, If you don't get in the next four years, when
Trump while Trump's you knowhe's a real estate guy If you
don't get in right now it'sgoing to be hard, because I mean
it won't be hard but he will.
He'll make it a lot easier inthese next four years for
business guy people, real estatedevelopers, anybody that's
involved with real estate.
(25:13):
He's going to tailor to youknow the laws and the rules for
those guys to make it easier tofor for building, for anything
development, for for just realestate in general, for just real
estate in general.
So I'd advise anybody to try toget in, at least in these next
four years.
If you're trying to get rich,if you're trying to get wealthy,
if you're trying to buildgenerational wealth through real
(25:34):
estate, I definitely try to doit right now.
And even if you're notinterested in real estate per se
, just you know, get someproperties, get some.
You know, try to get in somekind of way, you know.
Speaker 1 (25:55):
Yeah, I've never, ever heard of anyone that said
you know what real estateinvesting is horrible to get
into?
You'll never, ever hear that.
Speaker 2 (25:58):
Never You'll hear that there's up and down markets
, up and down cycles.
There's different cycles.
Real estate's bad right now forfor retail, or real estate's
not good right now for for thisreason.
But investment wise, dependingon what strategy you're using.
Real estate is always good.
It's always gonna be good.
You just you can't go wrongwith this.
Speaker 1 (26:19):
So yeah, I tell people I was like.
Some people ask me.
They're like is this a bad timeto get in real estate and real
estate investing?
I'm like no, there's always.
There's people buying all thetime.
As long as the numbers are goodand numbers are right for you
Right, it's always a great time,yeah.
Speaker 2 (26:36):
That's always a good time to invest.
You just got to like.
They say everything'snegotiable, right.
Speaker 1 (26:41):
Yeah, everything's negotiable.
Speaker 2 (26:42):
Everything's negotiable, so you just got to
negotiate your number, you know,and just make sure that you
know you're buying right becauseyou make your money on the buy.
That's the rule.
Speaker 1 (26:53):
Yes, yes, all right, that's another episode of
Professions Real EstateInvesting Podcast, talking about
the three strategies offlipping, rentals and
syndication.
So on that note, just everybody, have a blessed day.
Thank you, mr Marcus Harvey.
Property relief.
Speaker 2 (27:08):
Property relief.
Property relief Hit me up ifyou got a house that needs to be
relieved in any kind of way.
Any situation, Buy as is.
We close quick.
530-366-2116.
Speaker 1 (27:22):
All right, and on that note, everybody have a
blessed day, peace, peace.
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