The Dealpen
I'm your host, Avi Rasowsky, and I’m excited to introduce you to this podcast!
This is your backstage pass to hear untold stories from crafty real estate investors. As a former bullpen pitcher, turned real estate investor, I’ll be sharing some of the similarities between sitting in the bullpen, waiting for that high-pressure moment to come into a baseball game, to now, waiting for my chance to dive into complex real estate deals.
But more importantly, we’ll be learning from a wide range of experienced, knowledgeable, and relentless real estate investors who don’t know the meaning of giving up when a deal gets to be challenging.
In The Dealpen, we'll explore some of the most difficult barriers to getting deals done, and how to overcome them with creative methods. We’ll be diving into foreclosures in the bottom of the ninth inning, messy title situations, complex probate issues, financing, and everything in between.
But here's the pitch: real estate and baseball? They're more alike than you think. Both require strategy, teamwork, and learning from others' experiences.
Just like in the bullpen, where teammates might share notes on how to face specific batters in crucial game situations, here in The Dealpen, we'll share insights from investors who are flipping houses, renting out properties, creating owner finance notes, and much more. We’ll also chat with private lenders, attorneys, and other professionals who will help you navigate the wonderful world of off market deals. Because in real estate, something always goes wrong. But with insights from our guests, we'll learn how to tackle those curveballs together.
So, grab those headphones and join me in The Dealpen, and let’s build wealth, one deal at a time!
The Dealpen
Welcome To The Dealpen
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In this first episode of The Dealpen, Avi Rasowsky discusses the importance of learning from others in both his pitching career and his real estate investing journey. From finding deals to funding and facilitating them, Avi covers a wide range of topics with the goal of helping listeners navigate the world of off-market real estate.
Tune in to uncover untold stories and practical tips that can help you succeed in the world of real estate investing.
TIMESTAMPS
[00:02:45] Distressed Property Owners and the Five Ds.
[00:03:48] Funding Deals without Needing Money.
QUOTES
- “In the deal pen, you might know the answer to something as basic as how to download a list of pre-foreclosure properties from your county, but do you have the intelligence required to dig into other factors that might help you eliminate significant time wasted on properties that will never turn into a deal? Oftentimes that guidance can come from savvy real estate investors who've been there before you.”
- “We'll dive into a wide variety of topics, such as how to find deals, how to fund deals, how to facilitate deals, and how to focus on the right deals for you. When it comes to finding deals, we'll talk about where to look, why off-market is so much different than on-market deals, why people even get rid of properties in the first place, and for example, what some of the common themes are from distressed property owners, such as the five Ds.”
- “We'll also talk about how to focus on the right deals for you. So how to build your business from the ground up, how to find your own path in the off-market real estate investing space, and how to ultimately master your niche. Because once you figure out your path, you'll become better and better at it with repetition.”
SOCIAL MEDIA LINKS
Avi Rasowsky
Instagram: https://www.instagram.com/avirasowsky/
Facebook: https://www.facebook.com/casgrowth/
LinkedIn: https://www.linkedin.com/in/avi-rasowsky-b600a18/
Welcome to The Deal Pen, a podcast that digs into the details of untold stories from crafty real estate investors. And now here's your host Avi Rosowski.
Welcome to The Deal Pen. This is a podcast that reveals untold stories from crafty real estate investors who you and I can both learn from as we navigate the wonderful world of off-market real estate. My name is Avi Rosowski, and I'm your host, a former bullpen pitcher turned real estate investor. Over the years, I realized that there's a lot of similarities between my previous career as a pitcher more than 15 years ago, and my career as an investor today. And one of the most obvious similarities is the importance of learning from others. I want you to learn from others with me as well. There's a quote that's often attributed to American entrepreneur Malcolm Stevenson Forbes. He said, knowledge is having the right answer, but intelligence is asking the right question. So for example, in the bullpen, I might've known the right answer when it comes to a hitter that has a hard time hitting a change up low and away, but my teammates might help me ask the right questions that can lead to a successful outcome, such as whether or not that batter tends to swing at the first pitch. In the deal pen, you might know the answer to something as basic as how to download a list of pre-foreclosure properties from your county, but do you have the intelligence required to dig into other factors that might help you eliminate significant time wasted on properties that will never turn into a deal? Oftentimes that guidance can come from savvy real estate investors who've been there before you. And that's exactly why I'm hosting this podcast. I want to share with you insights from other investors who've seen all types of situations. And in every real estate investing deal, I have one rule, something always goes wrong. I just don't know what it's going to be yet. And sometimes many things go wrong. So if you can learn from our guests that we have on this podcast, it would be my honor to share with you the wisdom from experienced investors who come on as my guest in the deal pen. We'll have investors, attorneys, lenders, people that focus on all different types of niches, and people that have significantly overcome complicated situations in off-market real estate investing deals. So here's the game plan for this podcast. We'll dive into a wide variety of topics, such as how to find deals, how to fund deals, how to facilitate deals, and how to focus on the right deals for you. When it comes to finding deals, we'll talk about where to look, why off-market is so much different than on-market deals, why people even get rid of properties in the first place, and for example, what some of the common themes are from distressed property owners, such as the five Ds. Oftentimes you can get very discounted deals when there's five Ds that come into place. And those Ds tend to be delinquency, such as tax delinquency and bank loan delinquencies, destruction, such as damage from the elements and abandoned properties, things like that. Death, unfortunately when people pass away and nobody ends up taking care of the property, that's oftentimes a situation where you can pick up a property for less than market value. Detention. Believe it or not, there's people in jail that have properties that would love to get rid of them. You just have to figure out how to find them. And distance. So we're talking about things like people moving across state lines and managing properties that they no longer want anything to do with. And I have some personal stories myself on that. How to fund deals. We'll be talking about whether or not you need money to buy a property. The answer is no. But we'll talk about why that is. Some people don't believe it. We'll talk about bank money, hard money, private money, what all those things mean. We'll talk about people who run companies that focus on those types of funding sources. And we'll talk about my favorite source of money, which is seller terms, getting a property from a seller who's willing to let you pay them over time. We'll talk about how to facilitate deals. So what does the flow of an off-market deal look like from the beginning of the process of finding all the way to funding and closing and managing the cashflow? how to think outside the box, what exit strategies you might not know about yet, how to build your nest egg one deal at a time, and perhaps more importantly, how to protect your nest egg with strategies such as self-directed IRAs and other wealth building tools. We'll also talk about how to focus on the right deals for you. So how to build your business from the ground up, how to find your own path in the off-market real estate investing space, and how to ultimately master your niche. Because once you figure out your path, you'll become better and better at it with repetition. And of course, much more. But with that, I'd like to formally invite you to join us for the next episode on The Deal Pen. I look forward to hearing how you apply these insights that you gained during your own real estate investing journey. And I invite you to share feedback, questions, and suggestions for future episodes. Go ahead and send me an email with your thoughts to avi at thedealpen.com. Again, that's avi at thedealpen.com. And until then, we'll see you next time in The Deal Pen.
Avi Rasowsky
Thanks so much for tuning into this episode of The Deal Pen. We sure do appreciate it. If you haven't done so already, make sure you're subscribed to the show wherever you consume podcasts. This way we'll get updates as new episodes become available. If you feel so inclined, please leave us a review. And remember, there's always more deals to be had in The Deal Pen. Until next time, friends,