Jude Mendonsa talks to Dr. Justin Trosclair DC on A Doctor's Perspective Podcast. Tenant vs landlord real estate lease concerns and negotiations, should you buy single unit or multiplex homes for real estate investing and why, creative financing these projects, silent partners and mentors with Jude Mendonsa. Tenant vs Landlord Business Lease Concerns Purchasing price is one of the most important aspects of real estate investing. It’s not what you sell it for, it’s what the purchase price is for cash flow. Also for real estate the term really matters a lot maybe even more than the price if you plan to hold it long term. What is negotiable when signing a commerce building lease? He has a chain of cell phones across several states, so he gives us some real world advice based on actual rent amount versus length of contract and more. One idea if you need renovations is to have the landlord pay and you sign longer lease or you pay and get a few months of rent free. Can we reduce triple net or CAM fees or general building upkeep fees? What do these things cover? How do you get around signing a personal guarantee? Everybody says, “Everything is Negotiable” however it depends on your negotiating skills and are both parties willing to be creative. A few pointers to consider when remodeling a place, or starting from a vanilla box. Single Family vs Multiplex Homes Jude goes into a weaving story of why he prefers 2-4-8 and 50+ unit residential buildings instead of focusing on single family homes. 10% maintenance, 10% vacancy rate, 10% property management: these rates should be expected When do you remodel your multiunit properties, should you add a gym, and should you repair issues asap? Creative Finances Mendonsa discusses ways to get houses and buildings at $0 down, owner financing or how to use investors’ money if you do have to give a down payment? How can you take over a house mortgage without a whole bunch of banks and fees with a Section 2? How do you find distressed owners/properties: borderline bankrupt, tired of dealing with the maintenance, going through a divorce, foreclosure etc? He gives generically at least 10 different ways to build relationships with people who are in the inside tract. (real estate investor group, wholesaling, property management companies, tired landlords, title company foreclosure list, driving for dollars, birddogs, city code violations, shortsales or craigslist) Coaching: Not on Real Estate Jude Mendonsa “the barefoot millionaire “ coaches men on how to do more in business, health, wealth and better husbands and fathers. (If you want to know a good real estate or real estate distressed homes, message him for contacts.) He gives several great ideas to build that relationship with your spouse as well as guiding your children to an entrepreneurial journey. Big key is to spend time with your family and watch less TV. His own PODCAST Freedom Experience–a week by week case study of a supplement company they bought, making it better, branding, growing, and other things like that. On Apple and Google Podcasts, His webpage is www.judemendonsa.com and is getting a facelift.
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