For the past 10 years, Tom Berry has been successfully investing in real estate by being strategic and knowing how to predict and adjust to market trends.
Whether it be fix and flips, wholesaling, or managing commercial properties, Tom has pretty much done it all. He now runs a property management company, a hard money lending company, AND a real estate investment club.
Now that he has established himself as a successful investor, Tom is passionate about teaching people to become financially free through real estate investing just like he did.
He sat down with us in a Facebook LIVE Training and shared some amazing insight for both beginner and experienced investors about how to invest strategically in an ever-changing market.
During this session, Tom gave us the 4-1-1 on trends to watch out for and some great advice about using private money and owner financing to fund deals.
If you missed our session with Tom, you can still view it here.
Watch our talk with Tom and learn:
- How to find and understand market trends
- 3 things you need to get a lender to say “yes” to funding a deal
- How newer investors can build trust with a private lender
- What strategies are currently working well for most investors
Below, we’ve included the main topics Tom discussed in his session so that you can skip to the parts you’re most interested in learning about…
7:11 What was it about real estate that encouraged him to change careers?
8:14 What Tom went through when he first began his investing career
12:16 How Tom built relationships with private lenders early on
14:47 Do you have a process to meet private lenders and nurture relationships with them?
16:45 The 3 things that make a lender say “yes” to a deal
22:13 What is a typical conversation you usually have with a private lender?
23:12 How newer investors can build trust with a private lender
26:58 The best place to look for private lenders
29:50 What rate of return do private lenders ask for?
35:45 What is currently working well for most investors
39:36 How to build wealth rather than just earn income
43:00 Nationwide forecast for market trends in 2018
49:32 How to get into wholesaling
52:13 Strategies for investing in the commercial market
55:05 How to know when to enter or exit markets
58:51 Accurately defining comparables
1:02:15 Owner financing strategies
1:14:10 The advice Tom wish he knew when he started out