Nick Gentile and John DeFreitas join this BIZ TIPS session to educate us on real estate investment loans. Nick and John are both Commercial Lenders at Heartland Bank & Trust in Springfield, IL.
In this episode we discuss the difference between personal home mortgage loans and commercial loans for real estate investment properties. We also talk about the BRRRR method and how banks handle refinancing of properties. We wrap up with discussing how some people are using home equity lines of credit as down payments on investment properties and what banks are looking for before approving that scenario.
If real estate investing is your game, this is an episode you'll find value in!
