Terry Painter is a real estate investor, a member of The Forbes Real Estate Council and is a contributing writer for Forbes Online Magazine, founder of Business Loan Store, and Apartment Loan Store, a company that offers a full line of apartment and multifamily loan options, and a creator of mortgage banking firm specializing in commercial lending in all 50 states since 1997. He has been a top producer for Lasalle Bank and Lehman Brothers. He is the author of "The Encyclopedia of Commercial Real Estate Advice" published by John Wiley and Sons. He is also known for his exceptional investment consultations and stratagems. For 18 years, he has spoken nationally to commercial real estate investor groups and real estate professionals about commercial real estate investing and lending. For over 20 years, he has built strong correspondent relationships representing Fannie Mae, Freddie Mac, FHA/HUD, Life Companies, Wall Street conduits, Hedge Funds, Regional, and National Banks. KEY POINTS Property valuation Commercial real estate lending Commercial versus residential real estate investing Best return-driven investment in multifamily space Value-add real estate The risk of buying property based on a pro forma versus actuals Transitioning to the world of commercial real estate Common mistakes in commercial real estate investing Terry’s investing outlook in 2021 LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Trying to figure out what properties to buy that earn interest, and so find a mentor to help with it. 2. Do you have a personal habit that contributes to your success? Eliminate distractions by not answering the phone, checking on emails, and social media all the time. 3. Do you have an online resource that you find valuable? (LoopNet) 4. What book would you recommend to the listeners and why? (The 7 Habits of Highly Effective People) book by Stephen Covey 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Buy properties at a young age! RESOURCES (The Encyclopedia of Commercial Real Estate Advice) (Apartment Loan Store) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8andtag=jacob0ee-20andcamp=1789andcreative=9325andlinkCode=as2andcreativeASIN=B00NB86OYEandlinkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!

Om Podcasten

Are you interested in Real Estate Investing, but don't know how or where to start? Are you a young professional or just starting to explore the possibility of investing in cash flowing real estate? The Real Estate Way to Wealth and Freedom podcast aims to help people just like you build wealth and achieve financial freedom through real estate investing, with a focus on investing in apartment buildings. With actionable content from weekly interviews with real estate investors, lenders, brokers, tax attorneys, and other real estate professionals, you'll have the education necessary to begin your real estate investing journey. Jacob Ayers is a young professional who started investing in real estate at the age of 25. As a real estate investor and entrepreneur, Jacob aspires to help you achieve financial freedom through real estate investing. If terms such as passive income, lifestyle engineering, wealth creation, and freedom resonate with you, then you're sure to get value from this podcast! If you want to live a life of fulfillment while doing the things you love, then this is the podcast for you!