Abby Thompson, our CFO and host of the weekly In the Weeds podcast, answers some of the questions sent in by our apprentices, related to the financial side of real estate deals. Tune in to get more clarity on financing your deals.
What Is Covered:
- How Abby came to work with Brad and what problems she helped sort out in our company
- Why it's so important to keep your finances in check and why you need to learn to be okay with making mistakes
- How to learn to read real estate documents when you are dealing with HUD homes
- How to make a payment on the mortgage if you are a different person than it's written on the mortgage
- How to set up to pay for utilities remotely
- The purpose of filing a memorandum after you've signed a contract
- How home owners insurance works in a subject 2 deal that already has taxes and insurance escrowed to it, and you’re selling it to someone who's going to need to get insurance in their own name
- Which six documents you need signed at the time of closing a deal with a mortgage company
Abby teaches us that nothing is impossible in this business. It's easy to get bogged down with failings, but if you are willing to persist and learn, you'll find your way to success.
Resources:
- Get in touch with Abby at abby@bradsmotherman.com
- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005
- Follow us on TikTok https://www.tiktok.com/@bradsmotherman
- Website https://www.bradsmotherman.com
Directing Chaos in REI Business with Tasha Byrd (Women in Business #3)
How to Deal with High Insurance Costs in Real Estate Deals (Open Support Call #6)
How to Protect Yourself from Fraud (Open Support Call #5)
Balancing Family and Business with Rachel Silvan (Women in Business #2)
How do we hold frame with the seller? (Live call with Jim and a seller)
How do We Know We Have a Good Deal? (Open Support Call #4)
What are the Best Leads for Real Estate Investing? (Open Support Call#3)
Marriage and Business: Why Do We Work Together?
How to Keep on Track with Your New Year's Goals (Open Support Call #2)
Let's Hear What Deals You've Got! (Open Support Call#1)
Deals, Deals, Deals
Happy Hour with Women in Business ft. Casey Smotherman with Jen Baker
TMC #32 - How Do We Raise Money?
TMC #31 - The Art of Deal with Paul Dillon
TMC #30 - What to Do When You’re in a Struggle
TMC #29 - How to Make 2023 Your Best Year Yet
TMC #28 - How to Renegotiate a Deal Efficiently, Effectively and Ethically
TMC #27 - What We’re Thankful for in Business
TMC #26 - Capturing Equity with Paul Dillon
TMC #25 - Rehabs 101 with Amanda Cooper
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