It is my pleasure and privilege to have minister, private lender, and real estate broker, Lee Arnold, with me on the podcast today. He is coming to us from beautiful Coeur d’Alene, Idaho. In this episode, we’re talking about hard money lending, real estate trends, and our best real estate advice.
Minute Markers:
01:32 – Who is Lee? What does he do and what is his background?
03:35 – Lee’s hard money lending business and the “Circle of Wealth”
05:57 – Why Reg A+?
10:35 – Modern real estate trends
16:45 – How to deal with the more aggressive loans and compressing yields
22:07 – Mike’s opinion of where the economy is heading, as a whole
29:59 – Lee’s best investment advice
33:30 – Lee’s reading recommendation
36:05 – Where to find Lee
36:23 – Lee’s best piece of advice
40:23 – Thank you for listening to the Big Mike Fund Podcast
Quotes:
“We have something here what we call the circle of wealth. The circle of wealth is where we want to educate people first. That’s what my info marketing business is. It’s about educating people in the right ways to invest in real estate, the right types of real estate to invest in.” – Lee
“I do predict that we’re going to start seeing real estate values dropping. I’m seeing more and more realtors sending out these $10,000 price drop emails. This is happening all over the nation from what I’m seeing.” – Lee
“The job of fund managers is not to foresee the future but to prepare for different conditions. If you can prepare for the good, the bad, and the ugly, that helps you quite a bit, no matter what happens.” – Mike
Resources:
The Goal: A Process of Ongoing Improvement Kindle Edition by Eliyahu M. Goldratt, Amazon
