
Still Doing Deals... Thanks to These 2 Pivots With Marcus Maloney (Part 2, Post-Coronavirus)
Shah :)
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<p>Yesterday, Marcus Maloney showed us how he built his <strong>deal-finding machine</strong>. Today, he tells us how he's hanging onto it by making <strong>two big shifts</strong> in his business.</p><p>When the pandemic hit, lenders got nervous... and that put a couple of Marcus' deals in danger. So did he give up? No! He <strong>tapped his own network</strong> of private lenders to provide financing to his end buyers—a <strong>win-win-win</strong>.</p><p>Plus, Marcus tells us why he's <strong>shifted focus</strong> to the Midwest since we first spoke and how he <strong>worked out a deal</strong> with a "great tenant" who wound up unemployed and unable to pay rent.</p><p>Wondering how to adjust your business to the <strong>new normal</strong>? Check out this episode, and subscribe to the <strong>BiggerPockets Real Estate </strong>Podcast so you won't miss the next one.</p><p>In This Episode We Cover:</p><ul><li>The <strong>problems</strong> Marcus ran into in mid-March</li><li>How he<strong> plugged the gap</strong> with private money</li><li>Developing <strong>relationships with private lenders </strong><em>before</em> you really need them</li><li>Why he's concentrating on a <strong>lower-priced market</strong></li><li>How he <strong>negotiated with a resident</strong> who could no longer afford rent</li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="https://www.biggerpockets.com/podcast" target="_blank">BiggerPockets Podcast</a></li><li><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-386-marcus-maloney-part-1" target="_blank">BiggerPockets Podcast 386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus)</a></li><li><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-352-diego-corzo" target="_blank">BiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corz
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Still Doing Deals... Thanks to These 2 Pivots With Marcus Maloney (Part 2, Post-Coronavirus)
Shah :)