There’s a lot of misinformation and confusion about real estate investing out there, from the idealization of using other people’s money (OPM) to the exaggerated success of sub to deals. In this episode, Mike and Dan reveal the truth about the OPM method, challenging the popular narrative that it’s an easy and accessible strategy for all investors. They discuss the ethical considerations of private money, the responsibility investors have to lenders, and why so many people seem averse to institutional money.
Mike and Dan also share updates on their first commercial property and latest investments, delving into the nuances of creative financing and being a leader in your business.
Overall, this episode is a lesson on the importance of having real estate knowledge to combat the lies you see on social media and close deals through creative financing. Tune in now!
Topics discussed in this episode:
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