Paul Moore, Founder of Wellings Capital and host at Bigger Pockets podcast “Ask Me Anything Live: Real Estate Investing”, joins Chad Corbett for the Estate Professionals Mastermind Podcast Ask The Expert series.
GOLD NUGGET ALERT!! Chad Corbett breaks down the opportunity in small business investments and how you can use business acquisitions to get free real estate and use real estate as a means to find small businesses to buy. Anton, Cristian, and Federico brainstorm how much money it takes to buy a business (hint: it can be free), what the best businesses to invest in right now are, and how to structure ownership agreements when transferring businesses. Federico and Chad brainstorm a deal where the seller keeps delaying close, and the buyer is getting impatient. Chad Corbett and James do some deal analysis and transaction engineering for a perfect buy-and-hold opportunity where a landlord isn’t willing to do owner finance. Chad Corbett offers several strategies for accessing funds through commercial, asset-based loans from community banks. Lastly, Corey and Chad discuss whether the tax benefits of a 1031 Exchange are worth it or not in the long run.
Chad kicks off the call with a breakdown of the methodology behind his Probate Mastery training system and why he appreciates the community that’s grown from it so much. Nina underscores how the probate mastery approach is unique compared to other probate courses and real estate training in general and can be applied to any real estate relationship. Nina and Chad brainstorm how to make more money and build better relationships in real estate, including ways to use creative finance and private money to keep heirs in an inherited property when they don’t qualify for traditional financing. Rich reviews Probate Mastery and the free probate training content available through YouTube and the Estate Professionals Mastermind Podcast. Federico shares an update on his progress building a probate business; and Nina, Gary Nash, and Chad Corbett share their insights on hiring and scaling VAs. Chad Corbett also shares his recommendation for the best company for real estate virtual assistants, MyOutDesk.