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MFREE 127 Full Episode with Will Harvey: How Do Disciplined Investors Decide Where Their Capital Goes?
Description
Host Shalon “Hutch” Hutchinson interviews Will Harvey about disciplined capital allocation in real estate and why “you make money when you buy, not when you sell,” emphasizing margin of safety, patience, and avoiding big losers through conservative underwriting and clear exit strategies. Will shares his path from the mortgage business (starting in 2015) to rentals, passive multifamily syndication investing for bonus depreciation benefits, house flipping, and ultimately focusing on the finance side through hard money lending after a low-risk first-lien loan opportunity. He explains hard money basics (1–5 points upfront and ~11–13% interest), the importance of recycling capital, and outlines a forthcoming tiered 506(c) fund targeting ~8.5%–10% returns structured as notes with 1099s instead of K-1s. They discuss accredited investor criteria, DSCR loans for BRRRR exits, self-directed IRAs, and diversification misconceptions.
00:00 Capital Allocation Intro
00:52 Make Money When You Buy
02:30 Breaking Even Lessons
02:55 Market Cycle Pain Story
03:40 Government Incentives Matter
05:36 Money Competes With Itself
06:36 Patience and Fat Pitches
07:56 Will's Real Estate Journey
10:30 Pivot Into Hard Money
11:39 Hard Money Basics Explained
12:42 Points and Interest Rates
14:28 Accredited Investor Breakdown
16:22 Fund Returns and Structure
17:58 1099 vs K1 Simplicity
19:06 Liquidity and Tax Reality
19:53 Self Directed IRA Taxes
21:33 Taking Control of 401k
23:36 Ideal Borrowers Today
24:56 BRRRR and DSCR Loans
27:36 DSCR Rules and Seasoning
31:53 Avoiding Exit Strategy Mistakes
34:40 Conservative Underwriting Tips
36:07 Rapid Fire Personal Questions
37:07 Diversification Misunderstood
38:52 Success Values and Giving
40:57 Contact Info and Wrap Up
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Thank you to all of our listeners!!! We would love to hear from you!!!
Email me at:
hutch@hsquaredcapital.com
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www.hsquaredcapital.com
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