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Alan, what's the story? What'd you buy and how'd you buy it with little down? And what's 'very little down'? Thanks in advance for sharing!

It was an absolute pleasure. We truly appreciate how authentically Isabelle shared her wisdom and the fact that her work has such a huge positive impact on senior care is super commendable. Kudos! 👍

@@agentsbuildingcashflow 💙💙

This interview was a while back but I do recall him discussing his tactics and how to gain control of an association by buying the majority of the units. He also mentioned he doesn't tolerate breaches of his leases and he tightly controls collection of rent and penalties. If those are the only practices that make him 'predatory' then I'll have to disagree with you in favor of sounds business practices. Keeping tenants true to the terms of the lease is not a predatory activity. Similarly, using your capital to acquire a majority interest isn't predatory. It's capitalism. That said, I'm not in your market so wouldn't be able to speak to the specifics of which you're referring. Regardless, I don't want this platform to be a free for all - cancel culture - without any specifics or proven facts about an operator. If you have any proof you'd care to share, please feel free. Otherwise, it's just slander

@deenad3562 - fortunately, you can structure these agreements in any way that fits the needs of the JV partners. To elaborate, the simplest way to handle it would be to just split the deal into %'s and payout accordingly. However, if one partner wants control but doesn't need the majority of profits, you could structure it in a 51/49 and if the 49% partner does all the work, they could still get 80% of the profits. If you're the one bringing the deal to the table, fixing the home, selling it and managing the whole thing, you're bringing a lot to the table and plenty of partners with capital to invest might be happy taking a small percent of profits and charging some interest on the money they paid into the deal as the money partner. Determine which side of the deal you'd be on, and then you can determine how you'd want to negotiate with your JV partner.

For sure - it's pretty high level and more info keeps coming out

ah - good follow on to your comment above. I don't agree that commissions will necessarily get compressed. I think consumers will vote with their dollars and if they want the flat rate, they're going to go there. Perhaps what will happen, there will be fewer agents....hmmm

Too high - pretty subjective comment. Commissions are what the market will bear. They could be 10%. Point is, it's a service based business and there are different levels of service for which consumers will pay different amounts

Same - great catching up and talking shop!

Ha - it's a super basic real estate deal. Happens all the time. I'm literally buying one right now for $100k, needs $50k, worth $200k when finished. I'll post a video of it. If you don't know how to do these things, or haven't taken a few minutes to see all the content around how, then you haven't a clue and you're just moaning about something because you're lazy. I challenge you to google 'real estate wholesale deals ____(your post code)' and call every single company/person/deal in your area and you'll see that these deals trade every day.

Deep thoughts...

Cynical comment. I see a man who just removed a barrier to entry for anyone who wants to try. Think about this, a lender isn't going to want to lend on a bad deal that could lose them money. So, they will only lend up to a point where if they had to take the property back, they'd still be in the money. Figure out what that loan amount is on a deal, and you'll know if you're buying right. Instead of thinking everyone is out to get you, actually go have a convo with a hard money lender/bridging company, and figure out what the can do to help you get going.

Depends on the area in all honesty mate, I've seen some absolute gems for sale on actual websites not even at auctions, try and get to an auction because a lot of the houses will be rundown and much cheaper 👍 but you are right to an extent its more difficult nowadays than it used to be

@teamcoalhapcharcoalI think the issue with what he’s saying is…there’s no house worth £50,000. Considering a run down flat these days costs around £100,000 For a run down house it seems you need to be up at £200,000 And waiting to save that much to make money is quite an ask

@teamcoalhapcharcoal Love this comment. It is simple in theory, but not easy. Easy is waking up and going to work at a fast food joint where you don't have to think. You do one of these deals and it open you up to a whole new world of opportunity. Might not be easy, but definitely possible.

@@lconnerz100 I'm in the States so people say the same about LA or NY. There are still deals to be had there but if the numbers don't make sense, a lot of people will do a deal in a market with a lower price point so they can get started. I imagine the same would hold where you're located but you have to put a little more effort in. This business certainly isn't for everyone. But it is just that, it's a business. If you want to be in this business, you figure out how. I tell my kids the same thing, never say you can't, say how can I and you start to answer that question and find a solution.

Depends on where you are. Not much in Sydney I bet...but in Mudgeeraba?? Maybe

It's a business. Any business has issues. You put on your big girl pants and handle it and move on. Over the arc of the business you make more than you lose on those types of issues. If you don't, you go out of business. If you sell staples, and you suck at it, you will go out of business and no longer be able to sell your staples. If you don't suck at it, you end up with 1000's of stores around the country. Then online shopping happens and you don't adapt and you still go out of business...sucks to be a Staples right now. This is how business works.

Yeah, sounded like he gave his money to someone and they bought it for him.

What 22yo is in public school? They even said his age. Comprehension isn't your strong suit huh

@@patrickmuzzi I tried twice to make it 12.

Trust me he's not happy now, dudes life is a joke look him up now

@@harmonikahanzfrom what i looked up he’s still doing youtube making videos, didnt look too hard but nothing was popping up negative about his life. And if there is something negative, it’s not because he’s rich.