Episode 290: Exploring Hard Money Lending and Real Estate Investment Strategies, with Jason Balin
Jason Balin is a real estate private lender based in Maryland. He concentrates the majority of his time as a partner of Hard Money Bankers. Jason provides market knowledge in many real estate asset classes from personally investing in private notes, residential houses, office, multi-family and self-storage projects. He has written 3 books and currently hosts 2 podcasts: Private Lenders Podcast and Real Estate Reserve Podcast. Jason also runs a mastermind group helping other private lenders grow their own hard money companies called HardMoneyMastermind.com
What You Will Learn:
- Who is Jason Balin?
- Jason shares his early experiences with real estate, including house flipping and working as a mortgage broker.
- After realizing he preferred lending over flipping houses, Jason co-founded Hard Money Bankers in 2007.
- What are the challenges and rewards of house flipping versus lending?
- Jason explains how economic fluctuations affect real estate investing and lending practices.
- What is the importance of conventional loans for primary residences and their influence on the real estate market?
- How do private lenders operate independently of conventional financing, yet are still affected by market dynamics?
- What is the significance of understanding conventional and private lending when navigating the real estate market?
- How does short-term capital affect interest rates for institutional hard money lenders, contrasted with private lending practices?
- What are blanket loans and their potential benefits for property investors?
- Jason emphasizes the importance of creativity in structuring deals and finding the best financing solutions.
- What is the process of obtaining a hard money loan compared to private and conventional bank loans?
- Overview of the criteria used in evaluating loan applications: Collateral, Character, Capacity, and Credit.
- Emphasis on the importance of a solid deal to ensure both lender and borrower benefit.
- Jason reflects on his early experiences with flipping and his eventual shift towards acquiring rental properties.
- How do monthly payments work and the process of refinancing with banks after property renovations?
- Jason shares his strategy of controlling payment schedules to ensure contractor accountability and performance.
- Tips on managing supply costs and oversight of contractor expenditures.
- Jason shares how everyone can contact him.
Additional Resources from Jason Balin:
- Website: http://www.hardmoneybankers.com/
- Email: jason@hardmoneybankers.com
- Phone: +1 (240) 994-7662
- Linkedin: https://www.linkedin.com/in/jasonbalin/
- Facebook: https://www.facebook.com/hardmoneybankers
- Twitter: https://twitter.com/hardmoneybanker
- Instagram: https://www.instagram.com/hardmoneybankers
- YouTube: https://www.youtube.com/hardmoneybankers
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