LBRY Block Explorer

LBRY Claims • cash-for-rehabs-fix-and-flipping-houses

4321c205abd915f8d1bb628f852a30f08e21cf48

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Created On
13 Apr 2023 02:45:59 UTC
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Safe for Work
Free
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Cash for Rehabs - Fix and Flipping Houses #shorts
On this episode of REI Mastermind Network, we delve into the world of hard money lending for real estate investors. Learn how hard money lenders like Flip Funding operate differently from traditional lenders and why they focus more on the profitability of the investment deal rather than the borrower's personal financial documents. Our guest speaker shares his experiences as a real estate educator in Philadelphia and advises first-time investors on the importance of having a solid contractor before getting a property under contract. We also discuss the current increase in interest rates and how it affects hard money loan rates. Tune in to learn more about how to get pre-qualified and pre-approved before making any real estate investments.

We chat about:
• Introduction to Hard Money lending
• Qualifying criteria for Hard Money lending
• Importance of construction budget and scope of work
• Role of materials used in the rehab process
• Understanding loan terms
• Educating First-time Investors
• Importance of choosing the right contractor
• Recent rate increases and how they impact real estate investment
• Hard money lending process
• Benefits of partnering with a hard money lender
• Experience requirements for applying for loans
• Contacting the speaker for pre-approval

Connect with Rod Stanback!
• flipfunding.com
• hardmoneyuniversity.com

Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.

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"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD

TIMESTAMPS
0:00 - Introduction to the episode's topic
0:45 - Overview of hard money lending for non-owner occupied properties
2:20 - Importance of construction budget and scope of work for appraisals
4:20 - First-time investor scenario and the importance of clear loan terms and communication
6:45 - Real estate educator's advice for first-time investors
8:50 - Interest rate trends in hard money loans and the impact on leverage
10:35 - Turnaround times for short-term and long-term loans
12:30 - Rod's regret and advice for investing
14:10 - Partnership with clients and the importance of verifying lender experience and reviews
16:20 - The importance of efficiency in the lending process and the impact on closing dates
17:50 - FlipFunding's requirements and pre-qualification process
19:35 - Conclusion and call to action for potential clients.
...
https://www.youtube.com/watch?v=xAaWLluVWpA
Author
Content Type
Unspecified
video/mp4
Language
English
Open in LBRY

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