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POWC #45 - Apartment Series #9 - Obtaining A Loan

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Manage episode 200678040 series 1727496
Content provided by Pillars Of Wealth Creation and Todd Dexheimer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Pillars Of Wealth Creation and Todd Dexheimer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The type of financing will depend on the type of deal, which we will briefly cover. If you are buying a stable building with 90%+ economic occupancy (paying tenants) and the amount you will finance is $1,000,000 or more, then the property may qualify for non-recourse agency debt (fannie mae or Freddie mac). If your building is in need of repair and has high vacancy, then you may need to go the local bank route or a with a bridge lender. There are 3 basic types of lenders: Local, national and conduit lenders. In this episode we cover the pro’s and cons of each and how you can qualify for a large apartment loan. This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured John Stiles is a licensed MN real estate agent with Bridge Realty. To learn more, check out John’s website: www.RealEstateStiles.com You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww
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750 episodes

Artwork
iconShare
 
Manage episode 200678040 series 1727496
Content provided by Pillars Of Wealth Creation and Todd Dexheimer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Pillars Of Wealth Creation and Todd Dexheimer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The type of financing will depend on the type of deal, which we will briefly cover. If you are buying a stable building with 90%+ economic occupancy (paying tenants) and the amount you will finance is $1,000,000 or more, then the property may qualify for non-recourse agency debt (fannie mae or Freddie mac). If your building is in need of repair and has high vacancy, then you may need to go the local bank route or a with a bridge lender. There are 3 basic types of lenders: Local, national and conduit lenders. In this episode we cover the pro’s and cons of each and how you can qualify for a large apartment loan. This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured John Stiles is a licensed MN real estate agent with Bridge Realty. To learn more, check out John’s website: www.RealEstateStiles.com You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww
  continue reading

750 episodes

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