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The Rich Somers Report

He’s Placed $7 Billion of Debt for Real Estate Investors & Entrepreneurs & Invests in Luxury Real Estate | Chris Groves E77

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 24 August 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

Rich sits down with Chris Groves – a serial entrepreneur who is leading the way in the lending industry and has funded over $7 billion in loans. He and his wife, Aleyna, started Groves Capital Inc, a family-owned mortgage company with the lowest rates in the industry. Groves Capital Inc. greatest accomplishments have been growing from 2 people to 575 across 25 states in fewer than three years; creating a family feel across the company where everyone works together to help others become succes...

Transcript

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0:00.0

years ago when we started the company I said let's go virtual and in them mainly because I

0:03.4

ran a lot of business where I had huge overhead and that stress every month and the one thing I've

0:08.6

learned is yes you have great offices and show off and things like that but it's gonna come off

0:12.2

the bottom line.

0:13.0

So when COVID hit and everyone had to go virtual,

0:16.0

we already set up in prime to do so then we just focused on support

0:20.0

and systems more than anyone else and to optimize the whole thing.

0:23.2

In this marketplace, when most people are shutting down and slowing down because they have

0:27.1

huge overhead, they have, where is that negativity going to come out of, it's going to come

0:31.2

of worse pricing, right?

0:33.0

So for me, I'm as lean as me as possible

0:35.3

so I can still give my clients a very good rate,

0:37.4

paying my loan officer a very good income,

0:39.4

and still didn't capture a good amount of the market. Welcome to the Rich Drummers Report where we talk real estate, business, and wealth building,

0:46.8

all while keeping it real.

0:48.2

No fluff, no BS.

0:49.7

I hope that you enjoy the show. All right guys, welcome to another episode of the report.

0:58.0

Today I got a special guess who's crushing it in the lending game.

1:02.9

He's funded $7 billion worth of loans.

1:05.9

He's in my Exotter Car Club, Fast Lane Drive.

1:09.2

I got my man, Chris Groves.

1:11.0

Chris, welcome to the show, brother.

...

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