<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>
The problems Marcus ran into in mid-March
How he plugged the gap with private money
Developing relationships with private lenders before you really need them
Why he's concentrating on a lower-priced market
How he negotiated with a resident who could no longer afford rent
And SO much more!
Links from the Show
Check the full show notes here: http://biggerpockets.com/show386-5
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