A Doctor's Perspective Podcast

A Doctor's Perspective Podcast


E 131 Real Estate Investing and Negotiations Jude Mendonsa

July 09, 2019

Jude Mendonsa talks to Dr. Justin Trosclair DC on A Doctor's Perspective Podcast.

Tenant vs landlord real estate lease concerns and
negotiations, should you buy single unit or multiplex homes for real estate
investing and why, creative financing these projects, silent partners and
mentors with Jude Mendonsa.

Tenant vs Landlord
Business Lease Concerns

Purchasing price is one of the most important aspects of
real estate investing. It’s not what you sell it for, it’s what the purchase
price is for cash flow. Also for real estate the term really matters a lot
maybe even more than the price if you plan to hold it long term.

What is negotiable when signing a commerce building lease?
He has a chain of cell phones across several states, so he gives us some real
world advice based on actual rent amount versus length of contract and more.  One idea if you need renovations is to have
the landlord pay and you sign longer lease or you pay and get a few months of
rent free.

Can we reduce triple net or CAM fees or general building
upkeep fees? What do these things cover?

How do you get around signing a personal guarantee?

Everybody says, “Everything is Negotiable” however it
depends on your negotiating skills and are both parties willing to be creative.

A few pointers to consider when remodeling a place, or
starting from a vanilla box.

Single Family vs Multiplex
Homes

Jude goes into a weaving story of why he prefers 2-4-8 and
50+ unit residential buildings instead of focusing on single family homes.

10% maintenance, 10% vacancy rate, 10% property management:
these rates should be expected

When do you remodel your multiunit properties, should you
add a gym,  and should you repair issues
asap?

Creative Finances

Mendonsa discusses ways to get houses and buildings at $0
down, owner financing or how to use investors’ money if you do have to give a
down payment?

How can you take over a house mortgage without a whole bunch
of banks and fees with a Section 2?

How do you find
distressed owners/properties: borderline bankrupt, tired of dealing with
the maintenance, going through a divorce, foreclosure etc? He gives generically
at least 10 different ways to build relationships with people who are in the
inside tract. (real estate investor group, wholesaling, property management
companies, tired landlords, title company foreclosure list, driving for
dollars, birddogs, city code violations, shortsales or craigslist)

Coaching: Not on Real
Estate Jude Mendonsa “the barefoot millionaire  “ coaches men on how to do more in business,
health, wealth and better husbands and fathers. (If you want to know a good
real estate or real estate distressed homes, message him for contacts.)

He gives several great ideas to build that relationship with
your spouse as well as guiding your children to an entrepreneurial journey. Big
key is to spend time with your family and watch less TV.

His own PODCAST
Freedom Experience–a week by week case study of a supplement company they
bought, making it better, branding, growing, and other things like that.  On Apple and Google Podcasts,

His webpage is www.judemendonsa.com
and is getting a facelift.