029: Creating Leverage

We specialize in providing flexible short-term hard money and transactional loans for real estate projects. We also invest in equity of strong real estate projects with proper leverage and strong sponsors.

029: Creating Leverage

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Jordan Fisher is the founder of Good Bones Properties, a full-service real estate brokerage that buys and sells properties, as well as trains real estate agents how to create and maintain leverage during a sale. Jordan is the king of creating leverage in his deals. He emphasizes the importance of maintaining control over the deal process.

We dig deeper into Jordan’s process and how integrity is the best weapon you have in real estate.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:22 — Welcome Jordan Fisher to the podcast.

01:25 — Jordan’s real estate background and how we know each other.

02:20 — The best way to sell any property in any market.

04:50 — Why brokers tend to exaggerate the price of a property.

05:28 — How Jordan’s approach is different.

06:09 — Jordan’s 3 Ls of real estate.

06:40 — There is no room for hope in real estate.

08:40 — How Jordan creates leverage.

10:54 — Why you want an awkward price on your property.

13:28 — How to play the game of leverage.

16:58 — What’s wrong when Jordan’s system doesn’t work.

18:27 — Phase One of Jordan’s process: set up the system.

21:52 — Phase Two: Maintain the leverage by placing the deal in the buyer’s hands.

24:02 — Phase Three: How to effectively accept an offer.

28:00 — How timelines help you maintain leverage.

32:38 — How to keep your integrity during a deal.

36:25 — What you can control in a deal and what you can’t.

38:10 — Jordan’s contact information.

39:02 — Thank you to Jordan Fisher for joining us today.

39:30 — Outro to the Big Mike Fund Podcast.

RESOURCES

Good Bones Properties

Jordan’s email

Big Mike Fund