How Community Banks Can Help Grow Your Portfolio With Elliott Kuelz (Ep 126)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 19 September 2017
⏱️ 26 minutes
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| 0:00.0 | This episode is brought to you by the all-new Fresh Books, where you can create and send professional looking invoices in about 30 seconds. |
| 0:08.3 | You can get a free 30-day trial. Just go to freshbooks.com slash RIP and enter Rental Income podcast in the How Did You Hear About a section? |
| 0:18.8 | Inspiring interviews with today's top landlords. |
| 0:22.6 | This is the rental income podcast. |
| 0:25.7 | And now, Dan Lane. |
| 0:27.9 | There are a ton of ways to finance rental properties. |
| 0:31.2 | And if you want to grow your portfolio past a couple of rentals, commercial financing |
| 0:35.9 | may be the way to help you get there. |
| 0:38.1 | Now, it's called commercial financing, but these loans are actually made on residential |
| 0:43.1 | real estate. So it's kind of a funny thing to call it a commercial loan when it's actually |
| 0:48.0 | on residential real estate. But these are loans that banks make to just regular people, regular investors like us that want to |
| 0:56.5 | buy rental properties. And there's banks out there, local community banks, and every town in |
| 1:02.3 | this country has these local community banks that specialize in making real estate loans that |
| 1:09.4 | don't go by the typical standards that you would find for your |
| 1:13.4 | traditional Fannie and Freddie rental property loans. So I wanted to bring a commercial banker on today |
| 1:19.5 | to talk about how this works, to talk about what the banks are looking for, and how we can take |
| 1:24.5 | advantage of this to grow our portfolio. So let's take a real quick break. |
| 1:28.6 | We'll come back in 30 seconds and we'll meet Elliot Colts. He is a banker with City National Bank |
| 1:33.9 | in Stanton, Virginia. Are you on track to achieve your financial goals? Income producing real estate |
| 1:39.4 | is the most historically proven way to accumulate wealth and has created more financial freedom |
| 1:44.1 | than any |
| 1:44.6 | other means. Norata real estate provides everything you need to invest in the best turnkey |
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