Why You Should NOT Guarantee Debt with Ron Legrand – Bricken Investment Group

Why You Should NOT Guarantee Debt with Ron Legrand

How do you invest without guaranteed debt?  In today’s episode, we’re going to dive into them! Ron Legrand is a nationally recognized real estate expert and trainer with 39 years of experience in both residential and commercial properties and a 30-year history of hard money lending and brokering.  His experiences include personally buying and selling over 3500 single-family homes over $300 million in commercial property deals with student partners all across America.  His 54 years of marriage to his wife, Beverly, has produced 4 children, 9 grandchildren, and 14 great-grandchildren.  People constantly ask him why he continues to teach and he just says, “First, make no mistake about it, I get paid well for teaching, it’s not a merry mission and I’m not a nonprofit organization. Secondly, I thrive in this work because golfing, fishing, and diving gets old.”

[00:01][03:42] Opening Segment

  • Let’s get to know today’s guest, Ron Legrand
  • Local mechanic turned real estate expert
  • 7 Years to Becoming an Expert, 40 Years as an Educator

[03:43][13:11] Why You Should NOT Guarantee Debt 

  • You can always get somebody to get the loan
  • What You Lose When You Guarantee Debt
  • Why You’re a Slave to the Bank
  • Every deal is different
  • 2008 and $50 Million in Guaranteed Debt

[13:12][24:29] How to Get Away with Guaranteed Debt

  • Ron compares the present year to 2007 and 2008
  • Moving from damage control to new opportunities
  • “Everybody has to have something to look forward to.”
  • Finding and doing what interests you

 

[24:30][29:49] Final Four Segment

  • What Ron would invest in with only $20,000 
    • Get training to know what to do
  • How Ron would help in a real estate mistake
    • Attend seminars and get training
  • Ron’s way to make the world a better place
    • Helping people get through their hurdles
  • Reach out to our guest – see links below 
  • Final words


Tweetable Quotes

“Save your financial savings, save your credit, and do something that’s worth the risk.” – Ron Legrand

“You shouldn’t ever promise money that you don’t have.  Promise it when you get it and that’s the only way to do it.” – Ron Legrand

“Get out of your own way, let other people do what they do best so you can do what you want to do.” – Ron Legrand

—————————————————————————–

Connect with Ron Legrand through Debbie@globalpublishing.com, Youtube, and LinkedIn.  Check out his website https://www.ronlegrand.com/ and start making your millions. 


Connect with me:

I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.  

Facebook

LinkedIn

Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!

Email me → sam@brickeninvestmentgroup.com 

Leave a Reply

Your email address will not be published. Required fields are marked *