EP 47: Billy Brown - The Lender That Makes You Money

Join me, Vee Khuu and my guest, Billy Brown, on the Real Estate Lab Podcast, as we talk about his new projects, how he went from having no passive income to having a $5 million portfolio, and the performance of his portfolio in the midst of the pandemic. Billy is a successful investor, syndicator, strategist and a creative lender. He is the founder of the Investors Capital Group, founder of The Golf Sanctuary, and a co-author of an Amazon best-selling book called the Success Habits of Super Achievers. In this episode, he shares a lot of valuable information that you do not want to miss! 

Outline of the episode: 

·      [03:44] TrackMan is an application that allows you to play virtual golf.

·      [06:08] How has COVID-19 impacted their business and current projects?

·      [10:09] The story of how he found and bought his first multifamily property.

·      [14:20] You have to know what the fundamentals of lending and investing are before you can get creative. 

·      [17:27] The difficulty is actually finding the truth about the properties and the brokers. 

·      [20:29] Your lender is your biggest partner and not your enemy. When you have experienced buyers buying things right, you’re going to have bigger opportunities.

·      [23:33] Lenders want to work with a solid team, experienced people, and not rookies.

·      [26:25] What kind of debt coverage ratio is Billy looking for now during this pandemic?

·      [29:30] There’s a lot of lending in self-storage and it always has a solid system.

·      [31:06] You need to have plenty of reserves to be able to be a true professional investor. Make sure you provide great housing because people deserve better.

·      [33:16] Make sure you’re well capitalized and have enough money in your operating account. Construction projects usually take longer and costs more money. 

·      [36:15] The slower you go down and the less experienced lenders that you have, the lesser options you’re going to be left with.

·      [39:07] The benefits of having a CCIM designation and why you need to get one.

·      [44:04] All about Billy’s new book, projects, and Loan Approval Accelerator Program.

·      [51:15] Who are Billy’s favorite golfers and why?

Resources: 

·      Billy Brown’s LinkedIn

·      Company Website

·      Billy’s Free E-Book 

·      [e-mail] 

·      Success Habits of Super Ac