Hard Money Lending….Learn How To Be The Bank!! 🏦
In this episode of the AZREIA show, host Marcus Maloney and executive director Mike Del Prete are joined by Jack Hilton, a senior with over 43 years of experience in the lending industry. They discuss the topic of private lending and its benefits. Jack shares his personal experience as a builder in the 80s, when interest rates were high, and how private lending provided a more accessible and flexible option compared to traditional banks. Listeners are encouraged to reach out to Jack for any information about lending services.
Key Takeaways:
02:25 Why private lending for you?
05:05 Affordability in real estate.
09:06 Hard money lending challenges.
12:05 Filing HMDA reports.
15:18 Construction loan exemptions.
19:28 Financing real estate with private money.
22:05 Tricks in sales contracts.
27:012 Accountability for subcontractors.
31:46 Manufactured homes and affordability.
34:44 Affordable housing options.
37:29 Time heals real estate.
42:31 BIPs and bond investments.
43:07 Banks and their profit sources.
46:54 Banks and real estate.
As always, thank you for your continued support and for joining us on this incredible journey, and don't forget to like, comment, and share this post to spread the word about this amazing podcast episode.
Stay tuned for more exciting episodes coming your way soon!
Connect with Jack Hilton
Linkedin: https://www.linkedin.com/in/jack-hilton-40a16018/
Website: https://www.homes.com/real-estate-agents/jack-hilton/7j5lcxz/
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