There are lots of different loan options when acquiring a property but the most important thing to remember is, and you can write this down, make it a tattoo, if it's a deal, the money is always there. If you find a deal, and you're worried about finding the money, don't worry about that.
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Loan options when acquiring a property include private money, interest only, hard money, bridge loan, bank loans, and the list goes on and on. There are lots of factors you want to look at when you are looking at a loan. We have to consider the non recourse versus recourse loans then the LTV. Many people want to borrow but every single loan is different.
You should consider the interest rate, taking the loan guarantor or not as well as the draws. You have to evaluate the draws. It takes a lot to make a decision about the best loan and everybody hates the answer because it depends. It depends on the deal.
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0:00 - Intro
0:13 - Welcome to our Podcast
0:22 - What is best kind of loan for real estate?
1:10 - To be a real estate investor, the first step is to find a deal
1:54 - Build a lender relationship and a broker relationship
2:27 - Factors to consider when choosing a loan option
3:31 - Recourse loan, non recourse loan and LTV
5:00 - Every single loan is different
5:58 - Can we borrow on our own or do we need a loan guarantor
6:22 - A committee is there to review our finances
7:10 - Evaluating how the draws work
8:11 - The best loan depends on the deal
8:46 - Join our Freedom Investor Club
9:06 - A motto we live by... Invest Smart. Live Happy.
9:14 - Disclaimer
