In this episode , we welcome back Cowboy Joe to share his incredible journey from homelessness in '08/'09 to his current success in real estate development. Listen in as he shares valuable insights on capital structures, debt, equity, and the importance of reserving money to handle downturns. Cowboy Joe emphasizes the power of having equity partners in projects and the opportunity cost of not having liquid money on hand.
We also discuss critical components of the capital structure, including debt and equity, and explore important metrics such as LTV, DSCR, and BER to measure the health of a project. Cowboy Joe breaks down loan costs and how to identify the best loan for a project, while stressing the importance of having a minimum of six months of reserves. He also talks about the importance of protecting investments and having alternative plans if something unexpected happens.
Cowboy Joe's journey to financial independence is truly inspiring. In this episode, he highlights the importance of maintaining balance, prioritizing health, and evaluating new ideas. Listen in as he shares his thoughts on the capital structure and the metrics he uses to measure the health of his investments. Don't miss this opportunity to learn from Cowboy Joe's experiences and apply his valuable insights to your own real estate investments.
VISIT OUR WEBSITE
https://lifebridgecapital.com/
Here are ways you can work with us here at Life Bridge Capital:
\u26a1\ufe0fSTART INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc
\u26a1\ufe0fWatch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow
\U0001f4dd JOIN THE DISCUSSION
https://www.facebook.com/groups/realestatesyndication
\u27a1\ufe0f FOLLOW US
https://twitter.com/whitney_sewell
https://www.instagram.com/whitneysewell/
https://www.linkedin.com/in/whitney-sewell/
\u2b50 Be Our Guest!
We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we\u2019d love to have you over.
Apply here: https://lifebridgecapital.com/join-our-podcast/