🏠 I help people build wealth without losing their soul 🏦 BetterLife Funding 🏢 13,000+ doors ❤️ Jesus, Family, Beard 🤖 My weekly personal newsletters ↓
Maui, HI
Joined November 2012
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The hard money lender who told me no... was right.
I didn't listen. I found another lender and bought the duplex anyway.
Here's what it cost me (ouch!) and EXACTLY what I do now instead) -->
The Hard Money lender told me no because he thought the deal needed way more work than I was projecting.
He thought I didn't have the experience to pull off a flip that big.
He thought my ARV was too high
He said no.
I took it as a roadblock, and I went looking for someone who'd say yes.
Someone did. That was the expensive part.
So here's my checklist now -->
1. When a lender says no, ask exactly why. Write it down word for word. And respect the fact that they've got hundreds of reps, and they probably know more than you.
2. Don't shop around for a yes until you can answer that why with numbers.
3. Bring the binder. Photos, rehab budget, comps, exit plan. And pad the rehab budget by 15%.
A no from a good lender is free advice. I paid $15,000 to learn that. You don't have to.
If you just:
- Analyze one deal a week
- Close when you say you'll close
- Actually care about your tenants
You're already ahead of 99% of investors.
This is my favorite commercial ever. So much nostalgia.
'Real estate doesn't work anymore.'
That's what people say... until they see the same house run five different ways.
So stop asking IF real estate works. Ask HOW it works.
Here's EXACTLY what I mean -->
Ask yourself four things:
1. What do you actually want more of, money or time?
2. Who runs it day to day? If it's you, count your hours as a cost.
3. Is it allowed at THIS address? Check zoning and licensing first.
4. What's the plan for the empty months?
And here's the part I really want you to keep -->
GrokBot for real estate investors: here's the big deal.
And no, it's not that it's the smartest AI. (It isn't lol)
But this thread will explain why im LOVING IT right now.
You still have to train it. Like a new employee. And that takes time.
Plus it NEEDS to have the full context of your business (a “second brain”).
But once it's trained... (key part) ---->
It just works. 24-7. Better than any human.
That's the big deal with GrokBot. The easiest way to build processes and have them executed.
If you want more on this - I'm hosting a class this week on how to ACTUALLY use AI in your real estate business - just head to BeardyBrandon.com/ and join my Ai for REI newsletter and you’ll get notified!