How He Created $1M Of Equity Day 1 - E798 - RMR

Hey, everyone! Welcome back to the show. I've got an incredible guest today, Alvin Scioneaux, who's no stranger to our podcast. Alvin drops in to share a recent mind-blowing win in real estate. Having negotiated a bank-owned property down from $1.75 million to $1.2 million, he's poised to add substantial value. Alvin, a former NFL player turned real estate entrepreneur, gives us a peek into his strategic approach, leveraging a bank connection and navigating a four-to-five-month negotiation process. The property, located in Hollywood, California, holds immense potential with an after-repair value (ARV) of $3.1 million. We dive into the numbers, discussing the intricate details of this deal and the importance of building strong relationships with banks. Alvin sheds light on how he balanced the negotiation, considering the competitive landscape and the urgency to secure the deal. As we explore the broader market dynamics, Alvin shares insights on the changing interest rate environment and his plans for a more aggressive approach in 2024. He emphasizes the significance of being scrappy, seizing opportunities in times of volatility, and maximizing negotiation leverage. Don't miss this episode packed with valuable insights and success strategies. Thanks for tuning in, and let's make 2024 a prosperous year! Resources mentioned in the episode: Alvin Scioneaux Website Instagram YouTube Interested in investing with Asym Capital? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group