• Episode 290: Exploring Hard Money Lending and Real Estate Investment Strategies, with Jason Balin

  • Oct 29 2024
  • Length: 43 mins
  • Podcast

Episode 290: Exploring Hard Money Lending and Real Estate Investment Strategies, with Jason Balin

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  • Summary

  • 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 Attention Investors and Agents Are you looking to grow your business? Need to connect with aggressive like-minded people like yourself? We have all the right tools, knowledge, and coaching to positively effect your bottom line. Visit:http://globalinvestoragent.com/join-gia-team to see what we can offer and to schedule your FREE consultation! Our NEW book is out...order yours NOW! Global Investor Agent: How Do You Thrive Not Just Survive in a Market Shift? Get your copy here: https://amzn.to/3SV0khX HEY! You should be in class this coming Monday (MNL). It's Free and packed with actions you should take now! Here's the link to register: https://us02web.zoom.us/webinar/register/WN_sNMjT-5DTIakCFO2ronDCg
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