Hey everyone! Just dropped another episode of Fund Flip Repeat with our resident loan wizard Wesley Rowe. This dude's got over 10 years processing loans and working with title companies, so he knows all the behind-the-scenes stuff that can make or break your deals.
We dive into why you NEED to get surveys (seriously, don't skip this), red flags that'll kill your deal, and how to actually communicate with title companies without losing your mind. Wesley breaks down the whole timeline from contract to closing and shares some wild stories about problem files.
If you've ever had a deal stall out or just want to close faster and smoother, this one's for you. Don't keep it to yourself - send it to another investor who needs to hear this stuff.
📖CHAPTERS
00:00 Introduction to Loan Processing and Title Companies
00:56 Key Skills for Success in Loan Processing
02:09 Prioritizing Tasks Under Tight Deadlines
03:18 Importance of Surveys in Real Estate Transactions
05:37 Identifying Red Flags in Title Processing
07:46 Proactive Communication in Title Issues
11:14 Advice for New Investors
14:11 Effective Communication During the Loan Process
19:20 Handling Challenges in Real Estate Deals
20:55 Timeline from Submission to Closing
23:38 Post-Closing Expectations and Draw Requests
26:02 Rapid Fire Round with Wesley
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