Millennial Investing - The Investor’s Podcast Network
Business:Investing
REI078: Deep Dive into Hard Money Loans w/ Sean Pan
On today’s episode, Robert Leonard chats with Sean Pan to talk about what hard money is, the approval process of such loans, its difference from traditional financing, its common fees, and red flags to avoid in a potential lender, and much, much more.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
07:00 - What hard money is.
08:23 - What the process of being approved for a hard money loan is like and how it differs from traditional financing.
12:44 - What the common fees associated with hard money are and why it can be an expensive option for financing.
27:44 - Where Sean thinks the dynamic between real estate and capital markets is right now.
31:20 - What the most important things to look out for when getting a hard money loan and the major red flags to watch out for in a potential lender.
37:18 - What the most common misconceptions/ myths about hard money from both experienced and inexperienced investors are.
38:10 - What the benefits of investing out of state are.
39:54 - How to find markets to invest in and what to look for exactly.
41:43 - What the hardest part about investing long-distance is.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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