Episode 33: Importance of Setting Your Real Estate Investment Criteria with Mark Anderson

This episode’s guest is Mark Anderson. Mark is a pop artist that balances investing, the corporate world, entrepreneurship and the independent music industry. In this episode we discuss: His first entrepreneurial endeavors as a kid [3:27] Businesses after college and learning from starting his first business [4:44] Pursuing music [6:02] How he makes money from his music [7:13] How he got started in investing in real estate [8:53] Challenges in real estate investing [10:15] Getting a loan for real estate investments [11:25] How he found his first investment property [12:50] How Mark evaluates a property before investing [13:34] Putting together a team for property renovations/repairs [16:38] Tips for new real estate investors [17:54] How to contact Mark [18:58] Quotable Quotes Do the due diligence and not just pick the first tenant that you see. Don’t over leverage yourself. If your down payment for your property is $20,000, don’t come to the table with just $20,000. You need to have some sort of buffer to allow yourself to make mistakes. Links to sources and tools Follow Mark on all his social media LinkedIn: https://www.linkedin.com/in/mark-anderson-bb777246/ Spotify, Instagram, Twitter, Apple Music: @luvabstract Want to listen to more real estate related episodes? Check these episodes out: Raising Equity for Real Estate Deals with Matt Burk: https://bit.ly/3gV4wfC Building Relationships When Investing in Real Estate with Eddie Fyall: https://bit.ly/2VSiXbH Freeing Yourself from Financial Shackles with Damion Lupo: https://bit.ly/3hwkZHJ Understanding the Language of Real Estate Investing with Brian Hastings: https://bit.ly/32GsNSe How to Mitigate Common Problems in Rental Properties with Ricardo Ugas: https://bit.ly/3iTSx2y Thanks for listening. Don’t forget to like us on Facebook to get updates on new episodes. If you haven’t already, please follow and leave a review for our podcast, we’ll really appreciate it. And as always, don’t forget to pass the secret sauce. Support our podcast If you’re a fan of the show, there are three simple things you can do to support our work: Rate and review the podcast on iTunes or wherever you subscribe. Tell a family member, friend, or colleague about the show. Subscribe so you never miss an episode. Subscribe to us on YouTube: https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA and follow us on LinkedIn: https://www.linkedin.com/company/pass-the-secret-sauce-podcast