4.8 • 2.1K Ratings
🗓️ 18 June 2022
⏱️ 54 minutes
🧾️ Download transcript
On today’s podcast I had two mortgage lenders on, and we talked about all the unique loan products out there for real estate investors. It was really cool to see because there are a lot of products people don’t really know about! Most investors are thinking they’re either getting a hard money loan and super high interest, or they’re getting just a primary 30-year conventional, that has a bunch of rules and stipulations that makes it difficult for entrepreneurs and real estate investors. We have a lot of debt in real estate! Their loans are very interesting because that stuff isn’t that important. They’ve got lower interest products on rentals that are for 30 to 40 years! They’ve got interest only, as well as products they’re willing to finance Airbnbs based on that short term rent amount. I think it’s a super insightful interview, especially if you’re trying to figure out how to finance your next rental property and maybe your debt to income ratio is maxed out!
I BOUGHT A MOUNTAIN - https://youtu.be/i7eWTqdaPxU
I BOUGHT A MOUNTAIN (update 1) - https://youtu.be/Qbqg2eMdClY
Contact Dustin and Jonathan!
Website - https://convoyhomeloans.com
Email - [email protected]
Instagram - @convoy_homeloans
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Dustin and Jonathan met at a previous job and decided to start their own business! They’ve been running their own mortgage business for a little over a year now and started when interest rates were very low.
I asked a bunch of questions regarding their loan products as a potential customer. Jonathon and Dustin discuss their products and focus of their business. We also discuss a potential real estate market crash coming soon…
Click on a timestamp to play from that location
| 0:00.0 | On today's podcast, I had two mortgage lenders on and we talked all about the different, unique |
| 0:05.6 | loan products out there for real estate investors. |
| 0:08.2 | And it's really cool to see because there are a lot of products that people don't really know about, |
| 0:12.2 | you know, most investors are thinking they're either getting a hard money loan, |
| 0:15.6 | where they're paying super high interest, or they're getting just a primary loan, |
| 0:19.6 | 30-year conventional that has a bunch of rules and stipulations and, you know, |
| 0:23.6 | makes it difficult, especially for entrepreneurs and real estate investors, |
| 0:27.2 | because we have a lot of debt, if we're not in a real estate. |
| 0:29.6 | But their loans are very interesting because that stuff's not really that important. |
| 0:36.0 | They've actually got lower interest products on, you know, rentals that are 30 or 40 years. |
| 0:42.5 | They've got interest only, and they've got ones where they're willing to finance Airbnb's |
| 0:47.0 | based on that short-term rental rent amount and other things. |
| 0:50.4 | So I think it's a super insightful interview, especially if you're trying to figure out how to |
| 0:55.2 | finance your next rental property and maybe your debt's income is maxed out. |
| 0:59.7 | It's going to be super good for you. |
| 1:01.0 | So with all that being said, let's jump into it. |
| 1:03.6 | Welcome to the Ryan Penaed Show. |
| 1:07.2 | Where our mission is to invest. |
| 1:09.0 | I only expect to make money and things that I understand. |
| 1:12.3 | Innovate. |
| 1:12.9 | It's about believing in the future and thinking that the future will be better than the past. |
| 1:16.5 | Can inspire. |
... |
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