Behind the Beard | June 2nd, 2021

Something I'm Reading:

I’m currently reading “Project Hail Mary” by Andy Weir. I’ve only been reading for 2 days and I’m already almost through it. It’s another awesome fiction book and similar to Andy Weir’s last book, “The Martian.”

Something I've Learned:

When you get a haircut and spend the next few days in the hot Hawaiian sun...you’ll burn the top of your head 😂At least you can learn from my mistakes lol

Something I've Purchased:

I use a specific cell phone case that also has a wallet attached. It’s been amazing the past year, but the wallet part finally started to wear down. So I bought another, identical one. It’s awesome - highly recommend it! It’s linked here if ya wanna check it out.

Something I Photographed:

Each week I share a photo I snapped in the previous week. Sometimes serious. Sometimes random and funny. Maybe a selfie once in a while. Just because.

This past week, Rosie turned 5 and really wanted a Cinderella-themed party. So, I secretly bought a Prince Charming costume and surprised her (and Heather, lol) in the middle of her party as a real prince! To say she loved it is an understatement 😊

Something I'm Excited About:

We got a few BIG real estate deals locked up over the last week. An apartment, a self storage deal, and a few, monster mobile home park deals. (If anyone is interested in investing with us on those, definitely let us know at ODCfund.com/email).

Something I Can Answer

Each week, I'll be answering one question from someone on my BehindTheBeard Text List! Want your question answered? Submit it by simply replying to this text!

Question:  “How do you know if you are over leveraged (or how can you prevent being over leveraged)?” - Lindsey

I like to “stress test” my situation and my properties. I’m not worried about being over leveraged if everything I have I can survive worse case scenarios. What if my tenants don’t pay for a while? What if there’s a global pandemic? What if I can’t increase the rents one year? Will you be able to sustain these situations financially? It's best to think through these less than ideal scenarios when buying real estate. Hope for the best but plan for the worst!

Secondly, I think some people misunderstand being leveraged or over leveraged. For example, if I buy a property for $500,000 and I owe $500,000 because I got a 0% loan, I have no equity and I don’t like being that leveraged. But if I buy a property for $500,000 with 0% down but the property was worth $1 million then I’m not over leveraged at all. So the key is finding great deals. I know, I know...easier said than done 🙂

Your Friend,

@BeardyBrandon

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