In this episode we break down all the details about Eric's epic down zoning deal that landed him $82,000 richer in just 24 hours, you read that right 24 hours! Along the way Eric drops some knowledge on us and teaches us a few new fancy phrases like double close, transactional funding, and quiet titles! Join us as we analyze the crap out of this amazing deal!
Break down on the down zone: Eric DOWN ZONED it and made it an MUL or an MUN so he could do an overlay build with no setbacks.
A Little Advice from Eric: The #1 person you want on your team is an engineer that will pick up the phone.
Double Close: When one person closes and another person doesn’t a lot of times it means the first person who closes doesn’t have the funds of they didn’t put the financing together.
Transactional Funding: Is short term funding, also known as same-day funds or flash funding, frequently used to finance business transactions such as real estate short sales
Quite Title: An action to quite title is a lawsuit brought in a court having jurisdiction over property disputes, in order to establish a party’s title or real property, or personal property having a title, of against anyone and everyone, and thus “quite” any challenges of claims to the title.
To keep up with all things Deal Shredders or to hear past and future episodes:
Follow us on Facebook > facebook.com/dealshredders
Like us on Instagram > @dealshredders
Subscribe to our YouTube channel > http://bit.ly/2MTCMLD
Listen to us on Anchor > anchor.fm/dealshredders
(choose from iTunes, Spotify, Breaker, & Radio Public)
Get in Touch with Eric:
The Hensley Group at Compass
Follow them on Facebook > @Erichensleyrealtortn
Like him on Instagram > @bigehensley
Email them at > eric@thehensleygrouptn.com
For questions, topic requests, or to be a guest on our show email us at dealshredders@gmail.com, we look forward to hearing from you!
Create your
podcast in
minutes
It is Free