847: How to Fund Real Estate Deals Right Now w/Zach Lemaster

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 22 November 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Yes, there are STILL rental property mortgages with low interest rates AND low money down, even in 2023. These investment property loans are unknown to most real estate investors simply because they don’t know where to look or who to ask about them. Which loans are we talking about? Stick around because today, we’re uncovering all the ways that YOU can finance and fund your real estate deals in 2023 and 2024, even when getting a loan is harder than ever before. If you’ve been struggling to put properties under contract because your financing keeps falling through, this is the episode for you. After running into numerous closing table conundrums and non-stop financing fatigue, many real estate investors are giving up on buying new properties due to banks’ lack of liquidity and eye-watering loan requirements. But that isn’t stopping David, Rob, or today’s guest, Zach Lemaster, from closing deals. In this episode, we’ll go through the loan options that WORK in 2023 and 2024, the creative financing you can use to fund your next deal, and the often unknown loans that STILL offer only three percent mortgage rates or just five percent down on rental properties (seriously). If you haven’t tried these loans yet, you could be missing out on some of the best deals of the decade. In This Episode We Cover: The underrated, often overlooked rental property loans with low interest rates and low down payments Why getting a thirty-year fixed-rate loan may NOT make sense in 2023 and 2024 Whether to secure the debt or the deal first on your next real estate investment Loan “covenants” you MUST look out for before getting any new mortgage Mortgage rate predictions and where interest rates could be over the next five years How to build a relationship with banks/lenders so you ALWAYS get funding And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Grab the Amanda and Matt’s Books on Tax Strategies Upgrade to BiggerPockets Pro (It’s a Write-Off!) The Tax-Free Strategy Only Real Estate Investors Can Access BiggerPockets Podcast 626 with Zach Lemaster What You Should Know About Financing Investment Properties Book Mentioned in the Show Long-Distance Real Estate Investing by David Greene Connect with Zach: Zach's BiggerPockets Profile Zach's Instagram RentToRetirement Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-847 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast Show 847.
0:05.0	What's going on everyone?
0:05.9	It's David Green, you are host of The BiggerPockets Real Estate Podcast,
0:09.1	the biggest, the best, the baddest real estate podcast
0:11.5	in the world, every week bringing you the stories how
0:14.0	to use and the answers that you need in order to make smart real estate decisions now in
0:18.5	today's market. I'm joined today by my co-host Rob Abbasolo as we interview Zach LaMaster of Rent to
0:26.1	Retirement. Zach's got some interesting insights. We get into financing, financing options,
0:31.0	financing challenges, how financing relates to real estate as well as some
0:35.3	alternative investing options people might not be considering Rob what are
0:38.8	some things that people should keep an eye out on today's episode to help them in
0:42.2	their journey.
0:42.6	Well, first of all, you called me your co-host, which is partially accurate, but what
0:47.5	you didn't tell everyone at home listening from their cars is that it was also your hand surrogate.
0:52.4	Rob is in many ways he's more than my co-host.
0:55.3	When I do movies he's my butt double.
0:57.5	When we do YouTube he's my hand surrogate because I was unable to make the hand gestures for the
1:02.2	YouTube video because I'm using a travel mic which I have to be holding up to my mouth.
1:06.3	So thank you Rob for coming in in the clutch. There's no one that I would trust more than you.
1:10.3	Well you're welcome. Listen to go back to your question as to what value people can get at home.
1:14.4	Listen we talked about a lot of different things. I think the message for today that we're going to talk about is that
1:19.5	financing and funding is still 100% feasible.
	...

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