Buying a property is a good investment. There’s steady cash flow, tax breaks and property value appreciation. For many, taking private debt is necessary to finance real estate purchases, but not a lot of buyers are aware of what loan is best for them.
In today’s episode, real estate investor Will Coleman educates listeners on the different types of loans used to finance real estate investments. Plus, he’ll share what private debt is, and what are the advantages of investing into a private money fund.
Key Points From This Episode:
Tweetables:
“The importance of communication is probably the main skill set.”
“We're kind of a private lender that can do short-term bridge financing on real estate.”
“The main thing we're doing is keeping a very close eye on recent comps.”
“We do have all of our borrowers sign a personal guarantee. And then just making sure that even if it sells for five to 10%, less than what we think it will sell for, the borrower still makes money.”
“Get advice and feedback from as many potential future customers as possible before spending any time on building the business or the product or the idea.”
Links Mentioned in Today’s Episode:
About Will Coleman
Will Coleman is the Founder and Chief Executive of UrbanGate Capital where he is in charge of operations and investor relations. Prior to this, he worked as the Director of Finance at commercial brokerage firm RAND Commercial Real Estate and a Credit Analyst at City Bank.
Will earned a business administration degree from Liberty University where he has also served as a soccer coach since 2013.
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