whenever we're looking at appraisal values of these particular properties.

The main three things that we're looking for to determine whether it is a good property to

actually go in and do some renovation work to would be how much are you purchasing it

for? How much money are you putting into it or how much rehab funds are you putting into that

particular property? And what is the

expected after repair value? Welcome to the real estate and financial independence podcast. I'm your

host Chad Carson. You can also call me coach. And this is a show all about helping you get out of the financial grind so you can do more of what matters.

Whether you're a long time listener or a first time listener, thank you for being back for another episode.

The title of today's episode is Investor Loans 101, How to Fund Your Rental and Burr Properties.

So this entire episode is going to be a deep dive on how you

as an investor can get a loan for both your flip properties or your short-term properties,

but also your rental properties. So whether you want to buy a fixer-upper and turn that into a

rental or whether you want to buy a turnkey rental is already fixed up, how do you get the loans for that? Money is so important. And I'm going to be interviewing two people who are in the trenches giving loans to people every single day. Their names are Christian Grooms and Greg Heugal, and they work with a company called Lima One Capital. And Lima One is actually in the upstate of South Carolina near me, but they're a national lender who works primarily with investors. And so I've partnered with them, and I've really made a bigger goal for my channel to not only educate, but also to offer you some tools that I like. And this is a lender that I vetted and think they do a really good job. And we're gonna go into the details of short-term loans. So if you're trying to buy a property and just need to fix it up and do a loan over a short period of time, or whether you want to do a long-term rental loan, including 30-year fixed loans that are beyond the normal kind of conventional loans, which are also a good option, right? If you can get FHA, a VA, and move into a property and do a house act, that's one option. Or if you want to do investor loans

and you have a good credit and good income and all that to get a conventional loan, those are going to be your lowest term, lowest rate options. But what happens when you want to go beyond that? Or what happens when you want to do loans in an LLC? Or you don't want to, you know, get cut off at five loans or 10 loans like some of the other investor programs do this is a there's a whole

other universe of loans out there's a whole other universe of loans out there that honestly weren't there when I first started as an investor, so I'm really excited to share the details of those, what the interest rates look like, what you have to do to qualify, what some of the red flags are, and then give you some examples with Christian and Greg who are doing this on a day-to-day basis. Now before we get to the interview, it's time for my weekly behind-the-scenes segment where I share a short snippet of what's going on with me behind the scenes and my real estate investing, finances, or business. And this week, I'm actually going to go back in time. So this is something that I'm not doing currently because I'm in a different stage of my business, But early on when I first started in real estate investing, when I was growing my business the first few years, there was a little trick that I used to use, and it's not a trick necessarily, it's a good practice, that I would have a credibility package when I was trying to go get loans or when I was talking to sellers or I was talking to private private lenders, I had this little package that I called my credibility package. And you're going to be hearing in this interview about lending. And a lot of it's about numbers and it's about the property. And all that's really important, of course. You need to have a credit score. You need to have a property that produces a certain amount of income in order to qualify. But what I found is when you're doing business with anyone, especially when you're just meeting them, you want to put your best foot forward. And so my recommendation, what I used to do is to have this little credibility package put together ahead of time. And at the time, it was like a three ring binder, but you could also have a PDF copy of this that you can email people. And I found that you could put different things in this

credibility package, but you want to put things that make you look good, that show your best,

to show you have credibility. So I would have reference letters. When I first started, I didn't

have any experience in real estate, but I went to my college professors. I went to my college

football coach. I went to people locally that I knew in town who had respectable professions

and attorney that I was working with, my banker, and they would write reference letters saying,

Chad, somebody who we've chosen to work with. We think he has a good character. He follows up on

things. It could be very specific, but have some reference letters. And then I would do whatever

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