26 Oct CREPN #115 – How to Establish a Lender Relationship with Jimmy Moncrief
A good Lender Relationship is critical to an effective real estate investment strategy. [x_audio_embed][/x_audio_embed] Jimmy Moncrief of Real Estate Finance HQ, is an accidental real estate investor. He had a solid income from his analyst/ partner position at a hedge fund, yet he struggled to get a loan for an investment property. Jimmy did not even need the loan. He could have paid cash for the property, but he recognized the benefit of leverage. So, where is the most likely place to get leverage? The traditional place to get leverage is from a bank. But, if you don’t understand the rules to financing, your ability to get a loan will be limited. First, decide what is important to you.
- Do you want a 30 yr mortgage?
- Do you want to invest as an individual or create an entity for your investments?