JF505: This Lender Closed a Deal for a Client that was Denied 24 Hours Prior!

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 20 January 2016

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Price? Cost of rehab? Retail sales price after rehab? He asks these questions to his clients hoping to qualify for a quick loan. His best move was moving to California, and there he found the hard money industry. As a hard money lender, he has made some tough decisions, but one of them turned out well...and was made in 24 hours!

Best Ever Tweet:

You always make money on the purchase.

Ben Stoodley (stood-ley) real estate background:

Civil Engineering grad turned real estate sales person turned investor and hard money lender
He’s a loan originator and did over 100 loans in 2015 averaging about $1M a month on average
Active real estate investor as both a buy and hold and fix and flip
Based in San Diego, California and say hi to him at lantzmanlending.com
His Best Ever book recommendation: Four Hour Work Week by Tim Ferriss

Made Possible Because of Our Best Ever Sponsors:

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You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors. We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at http://www.fundthatflip.com/bestever.

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Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
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0:31.0	business strategies, and self-care tactics, all designed to help women take
0:35.5	control of their financial futures. Gain the knowledge and skills you need to grow
0:40.0	your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.
0:48.0	To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.
0:56.6	That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-K-K-K-K-K-K-K-O-K-Kom,
1:00.6	Promo-Kod 100 best ever to get $100 off your ticket.
1:05.0	Oh, you always make the money on the way in, on the purchase.
1:10.0	Best ever listeners, before we get into today's episode in the interview with our
1:14.1	best ever guests I want to mention fun that flip because fun that flip is an online
1:19.5	lender that gives you fast convenient access to really affordable money that you need for
1:25.9	your flip project.
1:27.6	So if you're doing residential flips, then the main thing I imagine that you're focused on or the main two things are the deal and the money.
1:37.5	So if you've got the deal pipeline, but you need access to cash and you want to build a reputation within a group that will continue to invest their dollars into your deals then go to fund that flip.com forward slash best ever. The founder of
1:57.2	Fun That Flip is Matt Rodack and he's actually one of my very first guests on the show it's episode number seven so if you have a
2:05.0	chance go check that out to familiarize yourself with Matt and what he's all
2:09.3	about but when you're needing money and you want an online lender that provides fast, convenient
2:16.1	access to affordable capital for your flipping projects, then fund that flips the way to go.
	...

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