Navigating Hard Money Loans in Real Estate with Alex Carrilho

In this episode of the AZREIA show, host Marcus Maloney and executive director/co-host Mike Del Prete welcome Alex Carrilho from Boomerang Capital to delve into the intricacies of hard money loans in the real estate market. Alex shares his journey from residential lending to hard money lending, emphasizing the relationship-oriented aspect of working with investors.

The conversation covers practical tips on obtaining hard money loans, including what lenders look for in deals, the importance of property renovations, and how quick funding can be achieved. The dialogue also touches on the lessons learned from the ups and downs in the lending industry, the value of sticking to investment fundamentals, and the flexibility and speed that hard money loans offer to investors. Alex also provides his contact information for listeners interested in exploring financing options with Boomerang Capital.

 

Key Takeaways:

01:23 Diving Into the World of Real Estate Financing with Alex Cahilio

02:40 Alex's Journey: From College to Real Estate Financing Expert

03:55 The Refinancing Boom and Its Challenges

08:24 Transitioning to Hard Money Lending: A New Chapter

09:05 Learning from Failures: The Downfall of a Hard Money Company

13:40 Boomerang Capital: Alex's Current Role and Insights on Flipping

17:35 Streamlining the Offer Process for Investors

18:21 The Power of Asset-Based Lending

19:16 Understanding Loan Margins and ARV

20:11 Mastering Property Comps for Better Deals

23:53 Simplifying the Rehab Funding Process

26:05 Building Trust and Reliability in Real Estate Financing

29:14 Creating Seamless Transactions and Community Engagement

 

Connect with Alex Carrilho

https://www.linkedin.com/in/alexander-carrilho-75a259158/

https://www.facebook.com/alex.carrilho/photos

 

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