William Morales has been in the real estate industry for the past 10 years. He hosts the Peer 2 Peer Real Estate Podcast where he helps investors – mostly the new ones – in cutting the learning curve of investing down from the industry’s experts. Peer 2 ...
William Morales has been in the real estate industry for the past 10 years. He hosts the Peer 2 Peer Real Estate Podcast where he helps investors – mostly the new ones – in cutting the learning curve of investing down from the industry’s experts. Peer 2 Peer Real Estate Podcast mainly focuses on creative financing, subject to lease options and owner financing. Through this podcast, William gets to talk with those we don’t often hear about – the contractors, asset protection lawyers, etc. In this episode, William talks about his real estate journey, specifically focusing on having creative deals, as he shares his takeaways from each deal he’s closed in the past years.
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What you'll learn in just 16 minutes from today's episode:
“It took me from 2007 to 2017 – 10 years – before I did anything. I did my real estate stocks, I invested in REITs and things like that because I was all over the place.” – William Morales
“Take something and just stay with it. Don’t be like me and be all over the place.” – William Morales
“The first deal [lesson] was not to give up. Be more persistent and follow up. I should’ve done more but I didn’t. I was lucky that the realtor called me back weeks later.” – William Morales
“I’m not giving rental credits and I’m not getting any myself. No interest. It’s pretty much principal pay down. We pass taxes and insurance to the tenant-buyer, but that money that I get, I put it away; never touched it. Just in case if I need that money, if I need to foreclose or evict, more foreclose on the tenant-buyer, I have their money set aside.” – William Morales
“Keep track of everything.” – William Morales
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