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Welcome to the StoryFinance podcast, where we’ll help you gain financial literacy by breaking down finance concepts and strategies through stories, not theory or accounting rules. Tune in and learn from experts who’ve been in your shoes. Numbers can be tricky. This podcast will help.
Episodes
Wednesday Apr 19, 2023
Wednesday Apr 19, 2023
Hello everyone, and welcome back to the Farming for Passive Income show. We strive to educate the agricultural community on creating alternative income streams and diversifying through commercial real estate private equity.
Today’s guest is Gabriel Hamel, a Real Estate Investor whose passion for Real Estate, Business, and Financial Freedom has helped him amass a multi-Million dollar Real Estate Portfolio of Residential and Commercial Investment Properties. His portfolio includes Multi-Family Apartments, Mixed-Use, Commercial, Mobile Home Parks, and Industrial. From humble beginnings and a strong desire for financial freedom, Gabriel set out creative ways to start purchasing income-producing investment Real Estate. In addition, Gabriel is a strong advocate of financial literacy through self-education.
1:14 - His story and background - His mindset: “I'm going to build a real estate empire and be financially free young.”
4:13 - How he started his Seller Finance Journey
6:30 - How does Seller Financing work?09:15 - Seller Financing is a relationship business
10:30 - Drawbacks of Seller Financing
11:45 - “I looked at all the what-ifs that could happen, and it was way riskier not to start investing in real estate than to just pull the trigger and buy an asset that's kicking off income.”
13:18 - “Due on sale.”
15:15 - Writing/Structuring deals, terms, and agreements
17:30 - Seller Financing Terms
21:40 - Relationship with brokers & finding market deals
23:20 - All relationships are important. The more people you inform about your investment objectives, the more individuals will keep an eye out for opportunities that match your criteria. By doing so, they will be able to notify you whenever a property that meets your requirements becomes available.
26:30 - Takeaway from Gabe - “If anyone wants to find success in real estate, remember, it's a build-wealth slow. It's not a get-rich-quick; it's a build-wealth slow. And I think, if you want it bad enough and you stick with it, there's a lot of ways to be successful within real estate, but stick with it, and you'll find your path.”
Connect with Gabriel:
IG - @gabrielrhamel
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