We discuss some of the great opportunities that real estate investors and business owners have right now to borrow money. Even with COVID-19, there are still options such as the Real Estate Line of Credit. Dan explains how it works and some of the requirements using the equity already in your cash flowing properties to be able to borrow more money against the assets you already own. Dan talks about the line of credit, how he pulls it off and where is it derived from and it is derived from the assets where the lender will give 90% of the loan to the real estate investor whether you're fixing or purchasing, then the investor will come up with the 10%. If the investor doesn't have the 10%, then they have private funds to raise the funds and they could use that for the deal as well.
Dan offers 3 pieces of advice to younger entrepreneurs getting into real estate if he is to go back to 20-year-old Dan.
1) - Don't do analysis paralysis, learn, and do it as you're doing it.
2) - Understand that money is there.
3) - Build quality relationships with people in the trade whether it is lenders, Attorneys, contractors, and the like.
To learn more check out the blog and podcasts at http://www.GualterAmarelo.com
To register for our Saturday live webinar to start your wealth journey, visit http://www.gualteramarelo.com/Live
To get in touch with Dan, visit https://www.atlasgroupconsulting.com/ or Text/Call 800-840-0603
