CW 1047 FBF - Financing FAQs You Need to Know, Why the World Looks to U.S. Real

Today's Flash Back Friday comes from Episode 571, originally published in September 2015.

One of our experts, Joe, joins us to give the down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. We also talk about whether or not you need an attorney to close a loan, the differences between technical refinancing and cash out refinancing as well as how many months’ of reserves you need. Down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties.

Key Takeaways:

Jason’s Editorial:

[1:23] Lender Lightning Round show

[4:29] Commandment #3 - Thou shalt maintain control

[9:28] Ric Edelman’s - 10 great reasons to keep a long term mortgage and never pay it off

[11:07] The supply chain of financial advisors

[16:18] The Chinese Government makes it easier to buy overseas assets

Lightning Round:

[21:30] Inflation induced debt destruction

[24:24] 1 loan, 1 property with vanilla residential financing

[27:00] A LLC needs different insurance

[30:56] The minimum credit score is 620 for the first 4 properties, 720 for 5-10

[31:50] Cash out refinancing on investment properties

[35:37] Offsetting the mortgage payment based on possible rental income

[38:38] Technical refinance or delayed financing

Website:

www.JasonHartman.com/Properties

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