Putting Up 100k Hard - Ryan Narus


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Apr 21 2020 28 mins   1
Ryan Narus joins Jerome Myers on the Myers Methods Presents Multifamily Missteps Podcast to discuss the missteps going from being rejected by 40 banks trying to get into his first deal to closing a $10,000,00 deal. We learn the risk associated with 1031 exchanges. Ryan shares how he went to 40 banks and got rejected and how they put up 100k hard to buy an extra 30 days to smooth out a deal. He also takes us through a break down on how he makes it easy for sellers, why he is comfortable putting money at risk based on other's promises, and why money has to go to escrow instead of directly to the seller Ryan believes that you have to be ready for the unexpected. In this weeks show we learn about: - frustrations of entrepreneurship - the risk of full leverage debt - value of networking - how escrow works - why zoning is important - the reality of doing work that doesn't get compensation - the importance of being willing to give - why you shouldn't quit If you are interested in getting more multifamily investing education go to www.myersmethods.com Say hi to Jerome Say hi to Ryan Support the show (https://www.facebook.com/groups/157335752156211/)