Alternative Financing For Investors | Convoy Home Loans
Wealthy Way
Do You Qualify for a Conventional Loan?
D d s c rlon is ten years of interest only. It allows the investor to capitalize on cash flow those first ten years, and then it just converts either to a 20 year or 30 year fix during that second portion of the loan. Ike: "If you give a ten year time horizon, it's gon' float away"
On today’s podcast I had two mortgage lenders on, and we talked about all the unique loan products out there for real estate investors. It was really cool to see because there are a lot of products people don’t really know about! Most investors are thinking they’re either getting a hard money loan and super high interest, or they’re getting just a primary 30-year conventional, that has a bunch of rules and stipulations that makes it difficult for entrepreneurs and real estate investors. We have a lot of debt in real estate! Their loans are very interesting because that stuff isn’t that important. They’ve got lower interest products on rentals that are for 30 to 40 years! They’ve got interest only, as well as products they’re willing to finance Airbnbs based on that short term rent amount. I think it’s a super insightful interview, especially if you’re trying to figure out how to finance your next rental property and maybe your debt to income ratio is maxed out!
I BOUGHT A MOUNTAIN - https://youtu.be/i7eWTqdaPxU
I BOUGHT A MOUNTAIN (update 1) - https://youtu.be/Qbqg2eMdClY
Contact Dustin and Jonathan!
Website - https://convoyhomeloans.com
Email - privateclient@convoyhomeloans.com
Instagram - @convoy_homeloans
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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