00:05:34 Ben Thorsen: Hello- I'm Ben, in MI 00:05:34 Chiayuan 的 iPhone: Stanley from FL 00:05:53 Dianna: Hi- Dianna from NY 00:07:13 dave franecki: Dave in Phx 00:07:42 John S.: Hey Chad I have a couple of questions. My partners and I are coming to the realization that to be successful in REI is to build good relationships with realtors, contractors, investors, and banks. What have you found to be the most successful way to weed out the individuals that are looking to take advantage of you? 00:08:23 John S.: 2. Will building a wholesaling network and wholesaling initially be a good a way in finding investors to fund more RE deals. 00:09:08 Chiayuan 的 iPhone: chad, the lease for one rental property is about to end at April 30. my original plan is to sell it. but at this uncertain situation, should I sell it? or continue to rent it out? 00:11:52 John S.: We want to find investors to fund Buy and Hold 00:12:12 John S.: Yes! Thanks for clarifying 00:12:15 Eric: I live in CA, I was going through your videos, and it seems to make more sense to buy out of state? Is there a way to measure how much more I can make out of state vs in CA? Also the fear of investing and buying out of state is real! 00:12:21 Ella Wang: Hi Chad, I don't know abut Clemson university. But local university that close to me has already do distance learning for the rest of spring semester. What if the Covid-19 situation keep getting worse, and universities will continue do distance learning for summer, and fall semester? (That means students do not need to live near to school) My portfolio are heavily depend on students and I am scared. Do you have any sugguestions? 00:14:52 John S.: Thanks a lot Chad! 00:18:00 Chiayuan 的 iPhone: thank you so much 00:23:23 Chad Carson: https://www.coachcarson.com/ideal-location-investment-properties/ 00:23:26 Eric: Chad, thank you, I did sign up for RESS for more personalized help 00:26:02 Eric: Thank you! 00:26:23 Eric: I love basketball :D 00:26:47 dave franecki: as you look at current opportunities what are you factoring in for future price declines 00:27:21 Eric: Sounds good Coach! 00:27:42 judy: I don’t like basketball…but can you talk about the top defensive things we can do or should consider? 00:28:00 Nicole: Could you type out those 5 fundamentals? The kids’ noise swamped part of that... 00:28:48 dave franecki: Specifically, Phx has topped out and was due for a correction 00:36:21 Ella Wang: Thanks Chad. Appreciate your input! ! I really hope students come back after Summer 00:36:25 judy: Need to hop off but will jump back on in a bit! 00:39:48 Jared Woolstenhulme: I think 3 - 5 months will be my target date 00:40:56 Stefy: I am looking to get some worthy deals in the next 3-4 months. 00:42:20 kaitlynraymond: 3 months or so if these rates and prices keep up. The original plan was to buy next year 00:42:48 Gavin: Hello, interested in long-term buy and hold properties in my area (North Dakota) but not sure how to continue renting out if I decide to move out of the area 00:53:14 Stefy: Dave are you into short or long rentals? 01:00:59 kaitlynraymond: For someone looking to buy their first rental property and using conventional financing, is there a benefit (to the borrower or the local economy) to borrowing from a local bank or credit union vs. a large nationwide bank? 01:08:28 Nicole: What would be a good kind of relationship to have with a realtor for help with looking up MLS data occasionally? I expect to do most of the legwork finding deals, but might need some info that a realtor would have easy access to. What should I expect to pay for this service? 01:08:58 Nicole: I would aim for private cash sales, btw. 01:11:57 Megan Thomson: Nicole, we have a relationship with our realtor who occasionally sends us MLS data. We don't pay him anything, but he receives commission on a house that we either buy or sell with him. 01:15:41 dave franecki: Matt Hedstrom has a great program one can use on their ipad at the house 01:16:37 Jared Woolstenhulme: Dave, is this a program that Matt Hestrom has one that allows one to evaluate the MLS data? 01:23:46 raeannlupo: Do you ever refinance your loans? 01:26:12 dave franecki: it can include comps 01:27:12 dave franecki: Matt is in Ravine WI. You can plug in your local contractor costs. 01:33:26 msultana: I am considering refinancing one of my properties, but haven't decided yet 01:34:38 msultana: Previously I had 30 year mortgage at 3.75% and I have already 7 years into it. The only option that makes sense is to do a 15 year mortgage at 2.7% 01:36:28 msultana: yes, the payment will go up by 150/month 01:38:24 msultana: Yes, I am looking to buy a few more properties over the next recession 01:44:08 charemontovar: I was about to buy an out of state duplex that is 80/15/5 and having trouble finding a lender for the deal. Everyone wants 20% down. So I am looking for a more flexible lender. Just yesterday, I was made aware that my W2 job is at risk and I will probably be laid off. What might be a way to do this if this happens? 01:45:58 Jared Woolstenhulme: need to drop. Looking forward to future calls! 01:46:16 Chad Carson: thanks Jared. 01:51:59 raeannlupo: Thank you so much for your time today!!! 01:52:55 kaitlynraymond: Headed out, thank you for your time and helpful info! 01:56:10 Stefy: I second you Mike. It’s been very insightful. 01:57:07 msultana: Thank you for the discussion. Dropping off now. 01:57:46 Stefy: Bye msultana. 01:58:34 Stefy: Coach could you please talk more about self-directed IRA as an advantage for REI? 01:59:47 Stefy: yes 02:01:35 Doug Peters: Thanks Chad, I need to head out. I am been quietly listening on and off this morning here. I do appreciate all the great info. If you are recording this I may watch it later at least the first hour as I missed the OOS questions. Which is what I want to do more of since I am in expensive Los Angeles area. Thanks! 02:04:59 Stefy: Excellent thank you so much. I can’t seem to use my microphone though. 02:05:09 charemontovar: Thanks Chad. Not sure how to make sure we get the recording - please let us know via email. Gotta run! 02:05:35 Stefy: Where is the best way to contact you for a one-on-one session? 02:06:31 judy: Yay for 8PM!! So much easier to call in then. 02:07:32 John S.: Thanks for the discussion everyone. Thanks for your time Chad. 02:08:33 Ella Wang: Thanks for the time Chad. I really appreciate it. Hopefully talk to you soon 02:08:38 judy: Thank you!! 02:08:53 Chad Carson: coachcarson.com/ress 02:08:54 Stefy: To you all. Hope to see everyone soon here.