Chad, your idea for and in-depth description of how to create a Credibility Package for lenders is insanely helpful!! I feel like I already owe you $100 bucks and I haven’t even watched the rest of the episode yet. 😂
Hearing from someone like Chad who invested and lived through the Great Recession of 2008/2009 is invaluable. What he shares around the hour point, about what REALLY took his peers out in 2008 is truly invaluable, and so very applicable to today.
Absolute gold. Coach thanks so much and wish you would make a playlist of all of your deep dives with industry providers (e.g. investor friendly agents, property managers, owners who provided owner financing, title/escrow officer, etc.). A true look behind the curtain.
@desmonddavis1105, Incredible idea for a playlist! We created it, and let us know if you have any feedback on it. Thank you! ua-cam.com/play/PL5F-I4oW-y2GdBJAFv4dtV0z-PLZpQDeE.html&si=Gb0LoIP1Fpg0gnYX
I appreciate hearing your process and approach to these situations. As much as i am inspired by Kiyosaki, you are definitely the #1 coach on youtube. Very thorough, never vague. Thanks for what you do.
Hey Cody! Thanks for the kind feedback. Being helpful, giving specifics, and most of all helping you and others make progress are why I'm on UA-cam in the first place. So, I really appreciate you saying that and I appreciate you following along!
I learned so much from this informational video. However, I tried explaining the BRRR method to my husband and how a lender like Lima Capital One fits into the picture and realized that I still have gaps in between. I'll be watching this video again and taking detailed notes! As always, thank you for asking pertinent questions, slowing down the guests and explaining the many abbreviations that the guests throw around excitedly while forgetting that they are talking to novices like me! BTW, I tried the Lima One link and the "Create an Account" option to no avail: It's not working on my iphone or laptop. I left a message this morning - hopefully I'll hear back soon. Meanwhile, I'll keep plugging away at learning more about this creative lending process.
That's why when you're looking at a property on the m. L. Yes. And they always list the current taxes that they owner is paying. They should adjust it somewhat up to the asking price. Lotte people don't know that
Great interview. A couple items: 1. What would be a reason that you would no longer be qualified for a refi (if rehab was done correctly and no market change) & what terms would be in place moving forward? 2. Are rehab amounts done in draws or all up front?
1. Contacting the Lima One guys could probably give you best answer. But with traditional loans, your income changing (like job loss) or a negative credit hit would affect refi. But with investor mortgages it would have to be more about property or interest rates. Like higher rates might only allow you to borrow a smaller amount with property's income. 2. Most rehab loans done in draws.
@@CoachChadCarson These are my numbers: $90K for $2000 rent $55K for $1200-$1300 x 4 $35K for $500 $50K for $700 The result is >$2K rent per $100K spend
I spoke withthem before, but ended up using Lending One. What is their min loan requirement? SOme properties are below 75k and want to do a cash out refy? Thanks
This was a great episode! I’ve been stuck on what my first step should be with executing my first fix and flip. It’s helpful to know that building a team first then approaching a lender (expect skin in the game) is the approach. I’m having trouble picking out a market near me that I can drive up to 90 minutes to. I live in NYC. Once I pick a market, I can begin vetting property management companies to build the team and look for deals. I guess since I’m looking for distressed off market properties, do I need to connect with a wholesaler rather than a realtor? I have so many questions, thanks for all the info you share Coach!
Chad, your idea for and in-depth description of how to create a Credibility Package for lenders is insanely helpful!!
I feel like I already owe you $100 bucks and I haven’t even watched the rest of the episode yet. 😂
Hearing from someone like Chad who invested and lived through the Great Recession of 2008/2009 is invaluable.
What he shares around the hour point, about what REALLY took his peers out in 2008 is truly invaluable, and so very applicable to today.
Absolute gold. Coach thanks so much and wish you would make a playlist of all of your deep dives with industry providers (e.g. investor friendly agents, property managers, owners who provided owner financing, title/escrow officer, etc.). A true look behind the curtain.
@desmonddavis1105, Incredible idea for a playlist! We created it, and let us know if you have any feedback on it. Thank you! ua-cam.com/play/PL5F-I4oW-y2GdBJAFv4dtV0z-PLZpQDeE.html&si=Gb0LoIP1Fpg0gnYX
I appreciate hearing your process and approach to these situations. As much as i am inspired by Kiyosaki, you are definitely the #1 coach on youtube. Very thorough, never vague. Thanks for what you do.
I definitely agree with you…Coach is super Awesome…🙌🏾
Hey Cody! Thanks for the kind feedback. Being helpful, giving specifics, and most of all helping you and others make progress are why I'm on UA-cam in the first place. So, I really appreciate you saying that and I appreciate you following along!
Thank you Sizwe!🙏
I learned so much from this informational video. However, I tried explaining the BRRR method to my husband and how a lender like Lima Capital One fits into the picture and realized that I still have gaps in between. I'll be watching this video again and taking detailed notes! As always, thank you for asking pertinent questions, slowing down the guests and explaining the many abbreviations that the guests throw around excitedly while forgetting that they are talking to novices like me! BTW, I tried the Lima One link and the "Create an Account" option to no avail: It's not working on my iphone or laptop. I left a message this morning - hopefully I'll hear back soon. Meanwhile, I'll keep plugging away at learning more about this creative lending process.
That's why when you're looking at a property on the m. L. Yes. And they always list the current taxes that they owner is paying. They should adjust it somewhat up to the asking price. Lotte people don't know that
Excellent video I don't think I've ever seen this much great information. Even on the bigger pockets podcast. On youtube
LIT !!! JUST FINISHED MY CREDIBILITY PACKET
💪🙌 That's how it's done!!
Hi Julian. Can I ask what you included in your packet?
Thank you so much for all these great information. I learned a lot in every segment.
Great show coach! Always love your approach and how you keep it on the new investors level.
Glad to hear it Gabe! I appreciate the feedback.
Awesome information I am thinking about starting my own investment after living in it for an year😊
Good idea! I love that strategy.
What would you say are the best renovations to increase a value of a property?
Great interview. A couple items:
1. What would be a reason that you would no longer be qualified for a refi (if rehab was done correctly and no market change) & what terms would be in place moving forward?
2. Are rehab amounts done in draws or all up front?
1. Contacting the Lima One guys could probably give you best answer. But with traditional loans, your income changing (like job loss) or a negative credit hit would affect refi. But with investor mortgages it would have to be more about property or interest rates. Like higher rates might only allow you to borrow a smaller amount with property's income.
2. Most rehab loans done in draws.
Indiana has the best rentals in the country right now. Per $100K spend I averaged >$2K rent.
Thanks for sharing. Are these fixer-uppers to get those kinds of numbers?
@@CoachChadCarson Nope. And all already rented.
@@CoachChadCarson These are my numbers:
$90K for $2000 rent
$55K for $1200-$1300 x 4
$35K for $500
$50K for $700
The result is >$2K rent per $100K spend
@@CoachChadCarson Also check out Western Ohio. Great deals.
@@JT0007 impressive! Wish I live in Indiana to handle that.
Love your videos, thanks !
Thank you for watching Emmanuel!
I spoke withthem before, but ended up using Lending One. What is their min loan requirement? SOme properties are below 75k and want to do a cash out refy? Thanks
I don't know their minimum loan amount right now. How was lending one to work with?
This was a great episode! I’ve been stuck on what my first step should be with executing my first fix and flip. It’s helpful to know that building a team first then approaching a lender (expect skin in the game) is the approach. I’m having trouble picking out a market near me that I can drive up to 90 minutes to. I live in NYC. Once I pick a market, I can begin vetting property management companies to build the team and look for deals. I guess since I’m looking for distressed off market properties, do I need to connect with a wholesaler rather than a realtor? I have so many questions, thanks for all the info you share Coach!
Do a collab with One Rental At a Time 🇺🇸
Michael's great. I actually interviewed him not long ago: ua-cam.com/video/2Zpz0kvN6tw/v-deo.html
Ig isn't right it seems
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Um...ummm,um, um.