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408: Fundamentals of Funding: How to Find the Right Lender for Your Next Rental w/Joe Coleman

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Manage episode 419159178 series 2632451
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets 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.

Financing rental properties is a common roadblock that prevents many rookies from investing in real estate, but finding a great lender doesn’t have to be difficult! We’ve got some timely tips, tricks, and tools that will make funding ALL of your real estate deals easier than ever!

Welcome back to the Real Estate Rookie podcast! Today, we’re bringing you part one of a three-part miniseries on the fundamentals of funding. We’re joined by investor concierge at BiggerPockets, Joe Coleman, who shares some of his best advice for financing your first (or next!) rental property. In this episode, he peels back the curtain to reveal some of the nuances of financing—including when to start engaging lenders while analyzing rental properties and how to find an investor-friendly lender.

Wish you could compare several loans at once? Joe shares a powerful tool that will help you do just that. He also talks about the differences between consumer-purpose and business-purpose loans and why you should be familiar with the different types of lenders and loan products that are available. Finally, stick around until the end to learn about the ONE question your lender doesn’t want you to ask—one that could help you save thousands of dollars on your investment property!

In This Episode We Cover

How to find funding for your first (or next!) real estate deal

The ONE question you must ask your lender (that will save you a TON of money)

The different types of lenders and loans you NEED to know about

The easiest way to compare multiple lenders at the same time

Why you should know a lender’s source of capital before borrowing from them

Consumer-purpose versus business-purpose loans (and which one YOU need)

And So Much More!

(00:00) Intro

(03:53) WHEN Do You Need a Lender?

(07:26) Common Financing Misconceptions

(11:50) Different Types of Lenders & Loans

(20:08) Loan Requirements & Speaking with Lenders

(28:26) The EASY Way to Compare Lenders

(39:01) Lock In Your Interest Rate!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-408

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

424 episodes

Artwork
iconShare
 
Manage episode 419159178 series 2632451
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets 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.

Financing rental properties is a common roadblock that prevents many rookies from investing in real estate, but finding a great lender doesn’t have to be difficult! We’ve got some timely tips, tricks, and tools that will make funding ALL of your real estate deals easier than ever!

Welcome back to the Real Estate Rookie podcast! Today, we’re bringing you part one of a three-part miniseries on the fundamentals of funding. We’re joined by investor concierge at BiggerPockets, Joe Coleman, who shares some of his best advice for financing your first (or next!) rental property. In this episode, he peels back the curtain to reveal some of the nuances of financing—including when to start engaging lenders while analyzing rental properties and how to find an investor-friendly lender.

Wish you could compare several loans at once? Joe shares a powerful tool that will help you do just that. He also talks about the differences between consumer-purpose and business-purpose loans and why you should be familiar with the different types of lenders and loan products that are available. Finally, stick around until the end to learn about the ONE question your lender doesn’t want you to ask—one that could help you save thousands of dollars on your investment property!

In This Episode We Cover

How to find funding for your first (or next!) real estate deal

The ONE question you must ask your lender (that will save you a TON of money)

The different types of lenders and loans you NEED to know about

The easiest way to compare multiple lenders at the same time

Why you should know a lender’s source of capital before borrowing from them

Consumer-purpose versus business-purpose loans (and which one YOU need)

And So Much More!

(00:00) Intro

(03:53) WHEN Do You Need a Lender?

(07:26) Common Financing Misconceptions

(11:50) Different Types of Lenders & Loans

(20:08) Loan Requirements & Speaking with Lenders

(28:26) The EASY Way to Compare Lenders

(39:01) Lock In Your Interest Rate!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-408

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

424 episodes

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