Subscribe: iTunes / Spotify David Brooke, Founder and Team Leader of Brooke Group Real Estate, has an interesting story to tell – one that is rooted in discovering oneself during times of hardship. A mentor dedicated to inspiring and empowering his team to be leaders in the real estate industry… he’s either giving the best real estate advice or offering a dose of enthusiasm in the spirit of helping others. From the beaches of South Africa, David was questioning what he was meant to be doing and felt he received the message. He tried his hand at construction then…
Author: Bill Bymel
Subscribe: iTunes / Spotify We’re doing a deep dive, TidBit style, into the National Credit Union Administration. One of the most important government organizations that most Americans don’t really even know about, but I expect will become a household name in the coming years. Who is the NCUA? What do they actually do? And I’ll tell you the crucial role they play in the strength of credit unions, why we should care and how it impacts our communities. To learn more, visit: https://billbymel.com/ Listen to more episodes on Mission Matters: https://missionmatters.com/author/bill-bymel/
Subscribe: iTunes / Spotify How does a disappointing triathlete in summer, a skier in winter and a former world record holder of building the largest holiday card become instrumental in saving more than 2,000 families from foreclosure? Paul Birkett was disappointed with the low returns from his traditional investments, and when he realized that you don’t have to be a bank to own real estate in the US, Paul began to accumulate a portfolio of 40 rental properties. Soon after Paul left a safe secure corporate career of twenty years to launch a distressed debt investment fund. He sold everything…
Subscribe: iTunes / Spotify With nearly two decades of experience in real estate, construction, and investment management, Jake Harris, Founder & Managing Partner at Harris Bay, has built an established, successful commercial real estate investing business. As a sought-after expert and speaker, Jake inspires those around him with his contagious energy. You’ll hear the passion in his voice whether he’s talking about understanding your investing model and objective, choosing under the radar markets and how to always be one step ahead by identifying market specific trends, or teaching others how to navigate the red flags, minimize mistakes and create…
Subscribe: iTunes / Spotify A technique that Brad Salzer, President of Redstone Funding LLC, acquiring and restructuring sub-performing commercial mortgage debt, has definitely mastered over the course of three decades successfully developing real property, resolving distressed mortgage debt and repositioning and selling foreclosed assets in the commercial real estate arena. Brad started in what he calls the underbelly of real estate finance more than thirty years ago, using private equity to get assets off the books in an efficient stealth mode while intentionally structuring win-win-win scenarios for the lender, the borrower and the selling institution. His position is that…
Subscribe: iTunes / Spotify Kevin Kim, Partner at Geraci Law Firm LLP the nation’s largest law firm dedicated to the private lending industry, is a seasoned corporate and securities law attorney specializing in structuring strategic partnerships and creating innovative solutions in private placements and other alternative investments for private lenders, real estate developers and real estate entrepreneurs. Because he has such an extensive background in complex corporate transactions, Kevin is able to provide a very unique high touch approach consulting relationship to his clients while giving them business strategy from a legal perspective. Kevin doesn’t mind at all being…
Subscribe: iTunes / Spotify My friend, Rob Hytha, went from mowing lawns and shoveling snow for his dad’s rental properties to handling multi-million dollar note deals for US Mortgage Resolution. And Rob has since mastered the art of creating his own unique path as a successful real estate investor, educator and highly sought after advisor while maintaining his desired quality of life and caring greatly how his work impacts people’s lives. If you are new to the note investing arena, Rob Hytha is your go to guy. Rob will generously teach you How to Invest in Mortgage Notes the…
Subscribe: iTunes / Spotify Rather than just a TidBit, we’re taking a big bite on this topic of real estate careers and the benefits of being in the industry. From the more popular and profitable to the more obscure, there are so many interesting options available. And this episode touches on everything from investing, which is how First Lien Capital plays powerfully in this arena, to being a real estate agent or broker, property manager, specialty attorney, inspector, appraiser or contractor to servicing mortgages and properties or even being an executive assistant. Encompassing residential to commercial to land…
Subscribe: iTunes / Spotify A real, raw and authentic conversation with my brilliant friend and colleague, Anthony Powell, CEO of EVO Asset Consulting, focused on forging a new path in the OREO world for distressed properties powered by state-of-the-art cloud-based software, Zoocom. A college dropout with a love for extreme sports and editing, Tony was inspired to make dirt bike movies. Then he set that aside to be a Vice President of Marketing, but realized quickly it wasn’t the place for him. He bought his first house in his early 20s and flipped it, making a cool $100K and…
Subscribe: iTunes / Spotify An important term and very timely topic right now in the real estate industry is Debt Service Coverage. Debt service is the loan against the property. Often with more expensive properties there is multiple levels of debt from 50% low interest rate to mezzanine debt, to 2nd or 3rd mortgages. Essentially it’s the full monthly payment that encompasses the whole costs of managing and servicing the property. It’s most important, but often unclear when it comes to investment properties. Lenders want to know if you borrow money against a property, they can be assured…
Subscribe: iTunes / Spotify In this episode we’re unpacking the highly valuable financial tool and investment strategy of leverage and exploring how to positively utilize it to increase the returns on your investments. It’s one very profitable strategy if done correctly, but not a necessary strategy to get double digit returns with real estate investing. For those of you who have investment managers or are looking to invest, it’s a very good idea to know how highly leveraged your investments are. First Lien Capital has been returning double digits on our investments consistently without having to leverage our investments…
Subscribe: iTunes / Spotify Bill Bymel, Founder, CEO and Managing Partner shares how he got his foot in the door to this high barrier to entry industry 14+ years ago, and how we as a company and a global team invest in the secondary mortgage market where many will not. We’re known for our Win-Win approach of a conservative model combined with our unique borrower centric program that consistently yields the highest returns. First Lien Capital is a privately owned mortgage and real estate investment platform with experience in all asset classes of real estate, asset management, portfolio…