Get ready to unlock the secrets of real estate success! In this episode, Mina and Lidiya enter into a discussion that delves deep into the multifamily asset class. They uncover the fascinating story of Bill's journey from foreclosure to financial triumph, and you'll gain valuable insights into market cycles, interest rates, exit strategies, and more, all from a data-driven perspective. But that's not the end of it! Bill generously shares his wealth of knowledge through two remarkable books. Stay curious because you're about to learn why the market for non-performing notes is poised for explosive growth in the 2nd and 3rd quarters of 2021. Tune in now to kickstart your journey toward financial freedom, and let's examine the world of real estate investments together! 

This is an invaluable chat about understanding how people and investments work together so that your wealth can grow over time. Take advantage of this captivating episode featuring one of the most successful investors!

[00:01 - 05:02] Unlock Financial Success Through Real Estate Investing 

• Bill, who has been in the business for over 20 years, is passionate about teaching people about real estate, especially multifamily investments
• He has two books:
  • Real Estate Raw, which breaks down everything about multifamily and how to start, and
  • Creative Cash, which reveals how to buy real estate with minimal upfront capital using innovative financing strategies
• Bill is data-driven and encourages people to find a mentor to guide them through the process

[05:03 - 11:30] Professional Approach to Real Estate Investing: No Pencil-Weaving Deals and No Emotion

• Bill’s books are high quality, very informative, and easy to read
• The value of prioritizing data and numbers over emotions when making investment decisions
• Bill taught the term 'pencil webbing' which means deals either work or don't work
• Evaluating banks' lending practices and tapping into the market for non-performing notes are critical aspects of real estate investment

Key Quotes:

“In real estate, winging it might work, but to truly harness the wisdom and experience of others, seeking a mentor is your key to success“ - Mina Rickey

“There's no attempt to pencil-web a deal; it's a straightforward matter of whether it works or not. Sellers, owners, and investors are given honest, upfront information, and anything beyond that simply isn't reflective of reality.” - Mina Rickey

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