hi I’m Evan Carmichael and welcome to another edition of ask Evan in today’s
another edition of ask Evan in today’s
another edition of ask Evan in today’s episode I’m going to answer question
episode I’m going to answer question
episode I’m going to answer question from one of my newsletter readers osman
from one of my newsletter readers osman
from one of my newsletter readers osman who was a property manager for 12 years
who was a property manager for 12 years
who was a property manager for 12 years lost his job and now wants to raise
lost his job and now wants to raise
lost his job and now wants to raise money to buy his own building and manage
money to buy his own building and manage
money to buy his own building and manage it but he says he doesn’t have the
it but he says he doesn’t have the
it but he says he doesn’t have the backbone to do it and he wanted my
backbone to do it and he wanted my
backbone to do it and he wanted my advice so osman now’s a great time to be
advice so osman now’s a great time to be
advice so osman now’s a great time to be able to go out and get a loan for
able to go out and get a loan for
able to go out and get a loan for properties properties are you know super
properties properties are you know super
properties properties are you know super low prices it’s easy to get a loan with
low prices it’s easy to get a loan with
low prices it’s easy to get a loan with a low interest rate but you have to be
a low interest rate but you have to be
a low interest rate but you have to be able to support those payments and you
able to support those payments and you
able to support those payments and you have to have the credit history to be
have to have the credit history to be
have to have the credit history to be able to get that loan as well so you
able to get that loan as well so you
able to get that loan as well so you have two options if you don’t have the
have two options if you don’t have the
have two options if you don’t have the the credit history support it yourself
the credit history support it yourself
the credit history support it yourself you can either go out and find an
you can either go out and find an
you can either go out and find an investor to partner up with so the
investor to partner up with so the
investor to partner up with so the investor gives the money and you run the
investor gives the money and you run the
investor gives the money and you run the building the problem on that front is a
building the problem on that front is a
building the problem on that front is a lot of investors are used to hiring
lot of investors are used to hiring
lot of investors are used to hiring property managers and maybe not having
property managers and maybe not having
property managers and maybe not having them part of the business as an owner
them part of the business as an owner
them part of the business as an owner now there’s definitely incentive to have
now there’s definitely incentive to have
now there’s definitely incentive to have a good property manager on as a partner
a good property manager on as a partner
a good property manager on as a partner but a lot of investors may not see it
but a lot of investors may not see it
but a lot of investors may not see it that way so you have to go out of your
that way so you have to go out of your
that way so you have to go out of your way to find a good investor and also
way to find a good investor and also
way to find a good investor and also show how you’re different than the
show how you’re different than the
show how you’re different than the average property manager how you’re
average property manager how you’re
average property manager how you’re going to make it way better you really
going to make it way better you really
going to make it way better you really know what you’re doing you have all this
know what you’re doing you have all this
know what you’re doing you have all this experience and you’re not just a typical
experience and you’re not just a typical
experience and you’re not just a typical property manager that they can hire so
property manager that they can hire so
property manager that they can hire so give them reasons to want to make you a
give them reasons to want to make you a
give them reasons to want to make you a partner in the business the other way
partner in the business the other way
partner in the business the other way that that could also work is if you
that that could also work is if you
that that could also work is if you don’t have the financial backing
don’t have the financial backing
don’t have the financial backing yourself try to raise a small fund so
yourself try to raise a small fund so
yourself try to raise a small fund so how much do you need to you know buy
how much do you need to you know buy
how much do you need to you know buy this building to manage and then what do
this building to manage and then what do
this building to manage and then what do you need for the down payment and then
you need for the down payment and then
you need for the down payment and then start talking to friends family no
start talking to friends family no
start talking to friends family no kindergarten old schoolmates and ask
kindergarten old schoolmates and ask
kindergarten old schoolmates and ask them to potentially invest with you to
them to potentially invest with you to
them to potentially invest with you to raise the amount that you need for the
raise the amount that you need for the
raise the amount that you need for the down payment to be able to to make that
down payment to be able to to make that
down payment to be able to to make that go so does require a little bit of
go so does require a little bit of
go so does require a little bit of backbone you said you’re worried that
backbone you said you’re worried that
backbone you said you’re worried that you don’t have one but this could be the
you don’t have one but this could be the
you don’t have one but this could be the time to believe in yourself and launch
time to believe in yourself and launch
time to believe in yourself and launch your own business you know you have the
your own business you know you have the
your own business you know you have the skill sets to do it so get up and start
skill sets to do it so get up and start
skill sets to do it so get up and start doing it I hope that helps if you guys
doing it I hope that helps if you guys
doing it I hope that helps if you guys like the video please give it a thumbs
like the video please give it a thumbs
like the video please give it a thumbs up or leave a comment below share your
up or leave a comment below share your
up or leave a comment below share your thoughts as well I’d love to hear from
thoughts as well I’d love to hear from
thoughts as well I’d love to hear from you and stay tuned for the next episode
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