Ridiculously Easy Real Estate Podcast: Recent Episodes
Ridiculously Easy Real Estate Podcast
Ridiculously Easy Real Estate empowers real estate syndicators to do more, better deals, and delight their investors every time. Groundbreaker's own brand ambassador Nino Zangari chats 1:1 with the deal sponsors and influencers who are reinventing real estate, deal by deal.
“How can the Hazels quit real estate when you should be the bank?”
When episode guest Amed Hazel was burnt out and considering quitting his real estate business, those words inspired him to pivot and start Legacy Builders Fund, a real estate investment fund that brings “Wall Street deals to Main Street.”
But Amed is not just a fund manager. He coaches investors on how to make money from non-performing notes, and he is the author of Profiting from Non-Performing Mortgage Notes.
In this episode, Nino and Amed have a chat about:
- How Amed transitioned from owning a real estate business to managing an investment fund and making deals with banks.
- The realization that helped Amed get through 3,500 deals in 14 days
- How Legacy Builders Fund helps first-time deal seekers
SHOW NOTES
00:39 About Amed Hazel
00:59 What Amed did before he got into trading non-performing mortgage notes
01:20 Amed on transitioning from real estate wholesale to trading distressed promissory notes
02:14 The part of the business Amed enjoys the most
02:39 How does trading non-performing mortgage notes work?
“Banks are looking to get paid right now instead of waiting for 30 years.
So, a bank will sell a mortgage at a discount to a company like my own. That sale allows us to collect the mortgage payment from the homeowner.
If the homeowner is in default, that allows us to reclaim the property if we can’t negotiate payment arrangements.”
03:46 How Legacy Builders Fund can help the first-time deal seeker
04:36 Does Amed only work with banks?
05:01 How Amed helped a police officer in Baltimore city close his first deal in two weeks.
06:12 How Amed gets through 3,500 deals in 14 days
07:50 Amed reveals how he stays motivated
08:33 If Amed could recommend one book, what would it be?
“Secrets of the Millionaire Mind by T. Harv Eker
That’s the book you need to begin to change the framework of how you’re thinking.”
10:33 If Amed could give his younger self one piece of advice, what would it be?
“So many people before me have failed and then succeeded. Failure is part of the process.
So, stop overthinking. Just do it.”
Key Quotes
- “Failure is part of the process.”
- “There’s always levels above wherever you are.”
Contact Amed Hazel
- Amed Hazel’s LinkedIn
- Amed Hazel’s Instagram
- Private Banking Millionaires Facebook group
- Legacy Builders Fund website
Books mentioned
- Secrets of the Millionaire Mind by T. Harv Eker
- Profiting from Non-Performing Mortgage Notes by Amed Hazel Sr.
Nino Zangari and Matt Kamp, head of partnerships at DealMachine discuss how to find off-market deals.
The chat is mostly about your first real estate deal and what to look for in your deal.
At DealMachine they invented a special term, called "driving for deals" which is simple:
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Get in the car
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Look for houses that need love and care
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Talk to the owner
One example of this was when a real estate investor approached the owner of a house where the Halloween decorations were still on although it was March already :)
This is how he found his first deal.
Lean in and find more stories, and insights by listening to the full episode.
p.s. Deal Machine gives everyone the possibility to start investing in real estate and Groundbreaker helps you manage the process.
Daniel David and Nino Zangari lean into how Daniel built a successful real estate business transitioning from being a DJ.
Daniel is not only a successful investor but also a coach who loves coaching more than anything else.
He's given some sound advice about the caveats in your first real estate deal.
Tune in!