052: Circle of Wealth: Multiple Income Streams with Lee Arnold

 

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:

Lee Arnold, Website

The Goal: A Process of Ongoing Improvement Kindle Edition by Eliyahu M. Goldratt, Amazon

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