REI109: Turning Everyday Homebuyers into Cash Buyers w/ Tim Herman
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 14 February 2022
⏱️ 46 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.2 | There are things that we will need humans in the loop for quite some time, and that's because |
| 0:06.5 | some of the underwriting has gray areas where judgment needs to be applied, and as good as artificial |
| 0:12.9 | intelligence is, it's not to the point that it is capable of making judgment calls to the Fannie |
| 0:18.5 | Freddie guidelines. |
| 0:22.7 | In this week's episode, I talk with Tim Herman about a newly launched mortgage product |
| 0:28.0 | that turns everyday homebuyers into cash buyers, what underwriting is and how it works, |
| 0:33.5 | why individual homebuyers are now competing with large institutional players when buying single-family |
| 0:39.2 | homes and much, much more. |
| 0:41.8 | Tim Herman is a former U.S. Navy fighter pilot and MBA student at Harvard Business School |
| 0:47.3 | prior to becoming an entrepreneur and founding his current company, Up Equity. |
| 0:51.7 | Tim was also part of the renowned startup accelerator, Y Combinator, and a graduate |
| 0:56.3 | of the U.S. Naval Academy. As an investor myself, I was quite interested to learn about the |
| 1:01.8 | programs Tim talks about that can make me and everybody else a cash buyer when offering on a property, |
| 1:09.0 | even if I'm not personally putting up all the cash. As you'll |
| 1:12.7 | learn and can probably imagine, that makes your offer much stronger and gives you a higher |
| 1:17.5 | probability of getting it accepted. I hope you guys enjoy learning about it too. Let's dive right in. |
| 1:26.1 | You're listening to Real Estate Investing by the Investors Podcast Network, |
| 1:30.4 | where your host, Robert Leonard, interview successful investors from various real estate investing niches |
| 1:36.3 | to help educate you on your real estate investing journey. |
| 1:53.6 | Thank you. Hey, everyone, welcome back to the Real Estate 101 podcast. As always, I'm your host, Robert Leonard. And with me today, I have Tim Herman. Tim, welcome to the show. Thanks, Robert. I'm |
| 1:58.8 | really excited to be here. A lot of people, myself included, think that coming out of high school, you have to have a perfect GPA, |
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