REI078: Deep Dive into Hard Money Loans w/ Sean Pan

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6 • 592 Ratings

🗓️ 12 July 2021

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Robert Leonard chats with Sean Pan to talk about what hard money is, the approval process of such loans, its difference from traditional financing, its common fees, and red flags to avoid in a potential lender, and much, much more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 07:00 - What hard money is. 08:23 - What the process of being approved for a hard money loan is like and how it differs from traditional financing. 12:44 - What the common fees associated with hard money are and why it can be an expensive option for financing. 27:44 - Where Sean thinks the dynamic between real estate and capital markets is right now. 31:20 - What the most important things to look out for when getting a hard money loan and the major red flags to watch out for in a potential lender. 37:18 - What the most common misconceptions/ myths about hard money from both experienced and inexperienced investors are. 38:10 - What the benefits of investing out of state are. 39:54 - How to find markets to invest in and what to look for exactly. 41:43 - What the hardest part about investing long-distance is. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Get more FREE content from Robert. Sean Pan’s The Everything Real Estate Investing Show. Related Episode: Listen to REI Episode 74: Data-Driven Real Estate Investing with Neal Bawa, or watch the video. Nathan Latka’s book How to Be a Capitalist Without Any Capital. Gary John Bishop’s book Do the Work. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert: Website | Instagram Connect with Sean: Instagram | Youtube | Website Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.3	And honestly, once we tell you that we approve this deal, we're going to do our best to make sure it closes.
0:07.1	Whereas for the commercial side, there are many reasons why they can just cancel on you last minute.
0:11.8	And I've seen that happen.
0:15.8	On today's episode, I chat with Sean Pan to talk about what hard money is, the approval process,
0:22.8	its difference from traditional financing, its common fees, and red flags to avoid in a potential
0:28.3	lender, and much more. Sean is a real estate investor and hard money lender based in the San Francisco
0:34.3	Bay Area. He invests in single family flips flips, out-of-state rental properties,
0:39.5	and is the host of the Everything Real Estate Investing Show and one of the Bay Area's top
0:44.7	real estate meetups. We've touched on hard money loans briefly in quite a few episodes in the
0:50.8	past, but we hadn't done a true deep dive into them yet. So my goal with this
0:56.3	episode was to provide you with a true masterclass on hard money loans and to provide a resource
1:01.9	that you can refer back to any time you have questions or want to learn more about hard money.
1:07.7	Also, a quick reminder about the fee for this show. We do not run ads to promote the podcast.
1:14.3	The show only grows if you guys share it and tell your friends. So the fee for the show is exactly
1:19.8	that. For every episode you like, share it with one friend. You don't have to share it with a million
1:26.1	people. I mean, that would be awesome,
1:28.4	and I'd love it if you did. But you can pay the fee by sharing each episode you like or get
1:33.5	value from with just one person. And I'm confident that that'll be every episode. So don't forget
1:40.4	to pay the fee, guys. It really helps the show grow and allows me to bring on the best guests for you all.
1:46.4	And it allows me to keep producing content that is completely free.
1:51.1	All right.
	...

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