Preview Mode Links will not work in preview mode

Your Financial Pharmacist

  1. All Episodes
  2. YFP Real Estate Investing 35: Making Connections Through Local Real Estate Meetups

YFP Real Estate Investing 35: Making Connections Through Local Real Estate Meetups

Dec 11, 2021

Young Park is back for his second appearance on the YFP Real Estate Investing Podcast to share encouraging stories about his achievable wins and how to make connections through local real estate meet-ups.

Key Points from this Episode

  • Young updates us on his three new purchases since his last appearance on the show. 
  • Living proof that you don't have to only go off-market to find deals right now. 
  • Young explains the ins and outs of a delayed cash-out refinance.
  • Using a general contractor when you invest in a different location from where you live.
  • He reflects on his experiences of needing to trial a new contractor.
  • Young explains his negotiating technique and shares the numbers on a recent purchase.
  • How the BRRR game shouldn't be viewed through the lens of failure versus perfection. 
  • How Young always makes the deals as if he's taking them down himself.
  • Bringing down the fear at the offer stage, and walking away when it's not the right fit. 
  • Some crucial questions you need to be asking and working into the contract.
  • Young outlines the three big things for due diligence; legal, physical, and financial.
  • A golden tip on transparency when it comes to working with and learning from tenants.
  • Some great advice for nervous first-timers preparing to join the networking scene.
  • Hear how a meetup connection of Young's resulted in a win/win situation.
  • How comparison is the thief of joy; don't compare yourself to veterans of real estate. 
  • The best ways to find a meet-up near you.
  • Young's parting wisdom; “Growth only comes from being uncomfortable.”

Links Mentioned in Today’s Episode