Apr 7, 2020
The crazy chaos of COVID-19 continues. Despite gloom and doom during fearful and uncertain times, opportunities arise to make millionaires.
Today, I'm talking to Dan Handford from Passive Investing. He describes what to expect the future to look like in the multifamily space.
Topics on Today’s Episode:
- COVID-19: Impacts assets and effects unemployment claims, loan rates
- Ups and Downs: Divorces, marriages, and births vs. multifamily demand
- Options: Weather the stock market storm and find temporary alternatives
- Loans and Lenders: Banks still healthy, capital available, and flexible extensions
- Constant Communication: Inform and reassure investors and lenders
- Next Generation: Multifamily means involving the entire family
- Presentation for Prospective Investors: Brochures, newsletters, and brand guide
- Sentiment Mindshift: Donate distributions to those tenants who need help
- Property Prep: Reduce non-essential spending, requests, renewals, renovations
- Shelter-in-Place: Everybody’s suffering, educate investors and raise capital
- ABCs: Higher the return, higher the risk; lower the return, lower the risk
Links and Resources Mentioned:
- Passive Investing
- Multifamily Investor Nation Podcast
- Fannie Mae
- Freddie Mac
- Fiverr
- Kahuna Boardroom
- Mastermind Group
- Copy Your Way to Success
- Kahuna Investments
- Quick Start Workshop
- Multifamily Legacy Podcast on YouTube
- Multifamily Legacy Podcast on Facebook
Quotes:
“Millionaires get made in fear and uncertainty.” Corey Peterson
“Demand for multifamily apartments is still strong in the long-term.” Dan Handford
“There’s more capital in the market today than there has ever been.” Dan Handford
“Do the right thing, always, and you’ll never have to wonder or worry.” Corey Peterson
Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.
Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.