Jul 28, 2020
In this episode Marck is joined by Dwayne Saucier, who was born and currently resides in Missouri. Dwayne is a full-time wholesale broker in insurance with a full real estate rental portfolio with 19 properties.
Dwayne and his wife knew they needed to do more with real estate besides being in debt from the purchase of their home. The hurdle at the front of Dwaynes mind was getting over thinking that he'd be on the receiving end of any maintenance or issues of a property they might own. While most people talk about it, Dwayne and his wife knew there were too many opportunities to not pull the trigger.
As an active investor Dwaynes opens up about being very hands on in the beginning and how investing kept him busy as he felt the need to be the first to visit his properties and was responsible for making sure the rehab went as promised. But after working with SBD housing Dwayne quickly realized he was only micromanaging and he was able to trust SBD housing from the beginning to end of the entire process.
They also discuss what the loan options and leverage looks like with the bank. Banking relationships are KEY
Quicker to paying off note, the quicker you grow your company. Myths in real estate are that properties cash flow even when they're leveraged, but you want to scale as much as possible and then aggressively pay off debt.
The legacy play, building something longterm to give to your family as you pass on.
working with SBD provides a true hands free approach with owning multiple properties. He realized at some point he didn't need to micromanage something that was already well managed.