Jo Garner joins Aaron Ivey in discussing the current state of the mortgage industry and the opportunities for real estate investors, with the rise in non-traditional types of lending. How has the market changed compared to a year ago, with interest rates going up and house prices stabilizing? They note that there used to be a lot of competition from big hedge funds buying properties, but that has decreased, potentially presenting an opportunity for individual investors to purchase properties and create a positive cash flow. They discuss different types of loans, such as traditional financing and non-traditional financing. Traditional loans require a good credit score and typically a 20% down payment, while non-traditional loans, like the DSCR loan, focus on the rental income of the property and have less strict requirements. The non-traditional loans may have higher interest rates but allow for more flexibility, including buying properties under an LLC. Overall, the conversation highlights the changing mortgage landscape and the various financing options available to investors.
Learn more about Enterprise Property Management and EPM Real Estate by visiting the Behind The Curtain Real Estate Podcast website at: https://behindthecurtainpodcast.com
Transcript for this episode at: https://propertymanagementmemphis.com/podcast/unlocking-the-secrets-of-non-traditional-lending-a-game-changer-for-investors/