Real Estate Money School
Structuring Deals That Appeal to Hard Money Lenders w/Ryan Wright
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:39:49
- More information
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Synopsis
It is all too common for real estate investors to get initially excited about a deal, only to get deflated when that deal gets rejected by a hard money lender. What are some of the most notable reasons hard money lenders say no? What are the most important skills real estate investors need to have to increase their chances of getting approved? In this episode, investor and hard money lender Ryan Wright joins us to discuss how to win with the right lenders. Three Things We Learned Educate yourself on what gets a deal approvedThe 3 parts of a real estate deal that can lead to hard money lenders saying no is not being clear on the pricing of the property, the cost and scope of repairs, and the involvement of a contractor. Don’t delegate the pricingRealtors are in the retail business so they see deals differently, and they don’t always have the best pricing information and knowledge. Knowing how to do comps comes from experience and research. It’s important to learn how to price properties ourselves so we