How to borrow private capital for your real estate projects PLUS what lending for double digit returns can look like
First Responders Wealth Network Real Estate Investing Podcast · Dave Knight
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Mortgages and finding capital for your projects shouldn't stop you from accomplishing your goals and dreams through real estate.
In this episode, Claire Drage, an experienced and successful broker and CEO of The Windrose Group along with Angie Pettyjohn will share with you their expertise on lending, mortgages, and helping and guiding people towards the best options in financing. PLUS what it takes to become the right borrower, and how to gain wealth in real estate using the proper education from experiences and connections.
Listen to this podcast now and be educated while achieving your end goals.
Highlights:
- [6:23] Service for both the borrowers and lenders and ensuring their qualifications
- [8:13] Extra security as a lender and some questions to consider for the lender
- [9:43] Focusing on the right borrower
- [10:45] Understanding the borrower: Time, Money & Expertise
- [11:41] Understanding the character and seriousness of the borrower
- [12:15] Helping borrowers become successful and knowing their end goal
- [19:18] Rates on mortgages
- [21:41] Why go on private financing?
- [22:13] Profit gain on flips from private financing
- [23:23] Maintaining a relationship with the right banks
- [26:29] Default rate in lenders
Link: