It was an absolute honor hitting the stage at the Gathering Spot LA’s Real Estate Investing Mixer on September 28th, 2023 with other experts in the field. Here are 3 things I learned:
- Buying Mortgage Notes: When you are looking to buy mortgage notes, it’s important to have relationships with asset managers from banks. The reality is that banks are not advertising these loans for sale, so having insider relationships can be a key driver.
- It’s Time to Be Creative: With the current increase in interest rates and the tightening of credit, creative financing has become less of a novelty and more of a necessity in today’s market. In order to make deals pencil, it will be imperative to adopt alternative financing methods such as seller-financing, crowdfunding, and syndication, just to name a few.
- The Riches are in The Niches: Real estate is a vast field with various sectors such as residential, commercial, industrial, agricultural, and specialized areas like mobile homes, storage facilities, and more. By selecting a niche, you can focus your learning, becoming an expert in that specific area, which is more feasible and effective than trying to know everything about every sector.