Real Estate Nerds 54: "Hurricanes, Hotels, and Honesty" with Greg Dickerson - Best Deals

Real Estate Nerds 54:

Bad Beats

"Hurricanes, Hotels, and Honesty"

Greg Dickerson
Real Estate Investing Expert
Real Estate Nerds
Episode 54: "Bad Beats"

Listen to the Podcast Here:

Greg Dickerson is a man of many titles, real estate developer, investor, and business coach and mentor being a few. He joins Scott today to talk about his best deal that took over 2 years to purchase. This episode of Real Estate Nerds gets into the hang ups that can be caused by litigation in real estate world.

Hurricanes, Hotels, and Honesty

Greg starts by giving his background on real estate:

[1:50]  Greg talks about his first real estate deal, a  landflip that he partnered with a friend on. He then continues on to talk about what types of projects he typically works on, usually as a contractor and facilitator.

[4:50] Greg talks about how he mostly learned the ropes of real estate on his own. He was introduced to the real estate game by a friend but after his first couple of investments he was on his own.

[5:23] Scott and Greg start to get into the details of his Best Deal which was a hotel damaged by Hurricane Isabel.
  • Earning a hefty commission as a real estate agent for the neighboring lot.
  • Taking the seller of the hotel to court (for over a 2 year period) for trying to back out of the contract.
  • The eventual profit from the property after litigation.

[11:50] Scott and Greg get into the details of the legal strategy used by the hotel owners.

[13:20] Greg talks about what he learned from the whole ordeal:
  • Ironclad contracts
  • Documenting communications
  • Integrity
  • Lawsuits are a tool
  • Judges and juries matter

[15:04] What Greg has learned from his involvement in legal proceedings.

[18:20] Scott and Greg talk about the importance of documentation, record keeping, and paper trails.

[20:28] Greg and Scott go into more detail on the tolls being involved in litigation can take:

  • Emotional and familial
  • Physical
  • Financial
[25:30] Services Greg offers and his contact info (434-326-3903).

Listener Resources

Thank you for joining us on today’s episode of the Real Estate Nerds Podcast. For even more free educational resources on real estate investing and the law, check out the Royal Legal Solutions blog. You can also reach our host Scott Smith directly, connect with him on LinkedIn, subscribe to the Royal Legal Solutions YouTube channel, or join our investor community on Facebook.

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…to get a link to register for webinars and download e-books or recorded sessions.

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Hosted by Scott Smith, Lead Attorney and Founder of Royal Legal Solutions

Schedule your personal consultation now.

If you have questions about our content or suggestions for future episodes or guests, reach our podcast team at podcast@royallegalsolutions.com

About Greg Dickerson

Greg is an entrepreneur, real estate investor and developer and over the past 20 years he has bought, developed and sold over $200 million in real estate, built and renovated hundreds of custom homes and commercial buildings and started 12 different companies from the ground up.

Greg is an expert on the topics of real estate and entrepreneurship. He has spoken at mastermind events around the country, he’s been a guest commentator on Fox Business with Neil Cavuto, The Dave Ramsey Show and is a regularly interviewed on some of the top real estate investing and business podcasts today.

Greg has always been a very active member of his church and community serving on the boards of several non-profit organizations including the Home Builders Association, Remodeling Council, Community Foundation, Heart Association, Cancer Center, Education Foundation, Babe Ruth Softball, YMCA, Parks and Recreation, SPCA, PTA, School Boosters, Youth Ministry Council, Fellowship of Christian Athletes and Christian Surfers.

Connect 

Connect with Greg via his phone number or email:

  • 434-326-3903
  • Greg@GregDickerson.com

 

 

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Tax Benefits of Indexed Universal Life Insurance (IUL) Plans

There are three key tax benefits of IULs. First, you may pay into the policy with pre-tax or after-tax funds. Withdrawals from the policy may be made tax-free if you are under 59 1/2. Such withdrawals are regarded as loans, with your death benefit serving as collateral. Any funds paid out to the beneficiary are also tax-free, including normal benefits upon your passing. This is true regardless of their value.

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