Shownotes Transcript
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This episode with Lamon Woods, CEO of Woods Family Estates was epic! His wife convinced him to use their tax refund to buy their first property. Since then, Lamon has scaled his portfolio to 50 doors. He left his job in 2018 to focus on his business full-time. In this interview, we discuss the different financing strategies he's used, buying package deals, and the importance of sacrifice to make your dreams come true.
How you can find him
IG- @1_800hustla
Highlights
- Educate Yourself- Make sure you're reading books, blogs, podcasts and consuming any information that will educate you about real estate. When you know what you're talking about, it helps when speaking with banks. Bankers are not financial advisers, you need to know what you're talking about
- Relationships- Don't have one-sided relationships with banks, treat them like a business partner and not someone who you only call when you need something. Show them that you care- send cards for holidays, birthdays etc.
- Creative Financing Stratagies- BRRR (Buy, Rent, Refinance, Repeat), Cross Collateralization, Construction Loans
- Only work with people who see the vision you have. Speak what you want into existence, if you believe it then it can happen!
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@mintinc_usa
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