The Dollars and Cents Behind Becoming a Real Estate Investor with Jarrod Greer

Real estate investing is an activity that’s becoming popular by the day, but how do you get started? How do you make the leap from potential real estate investor to someone who’s walking out with a loan for a new soon-to-be money-making property?

In this episode of the His & Her Money Show, we talk with one of the experts that can get you started. Jarrod Greer is the VP of Mortgage Lending at Guaranteed Rate and a renovation specialist who can help you navigate the paperwork you need to start making a profit.

 

WHAT YOU WILL LEARN 

• What do I need to be a real estate investor?
• Buying and investing in real estate after the 2006-07 Recession...and possibly a future recession
• House hacking
• Why you need to plan more before we buy a home
• Your credit score: How does it impact real estate investing and how can I improve it?
• Difference between FHA (Federal Housing Authority) loans and commercial loans
• What’s the best credit score for an ideal rate?
• Renovation loans- What it is and how can I get one?
• Debt ratio-What is it and how does it impact my real estate investing
• How much money do I have to put down for an investment?
• ARV(After-repair value) and its impact on a renovation loan
• Why you need a team when you invest in real estate
• What you need to know before you meet a loan officer
• Why is it important to know all of the stuff (like loan requirements) when you’re investing?

 

RESOURCES MENTIONED

• How to Get Started with House Hacking
• Federal Housing Authority Loans (HUD)
• FHA vs Commercial Loan: Which One is Right for You? (NerdWallet)
• How to Get Started with House Hacking to Build Real Estate Wealth (College Investor)

 

THANKS FOR LISTENING!

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