Mar 22, 2024
In this episode of the AZREIA show, host Marcus Maloney and executive director/co-host Mike Del Prete welcome Alex Carrilho from Boomerang Capital to delve into the intricacies of hard money loans in the real estate market. Alex shares his journey from residential lending to hard money lending, emphasizing the relationship-oriented aspect of working with investors.
The conversation covers practical tips on obtaining hard money loans, including what lenders look for in deals, the importance of property renovations, and how quick funding can be achieved. The dialogue also touches on the lessons learned from the ups and downs in the lending industry, the value of sticking to investment fundamentals, and the flexibility and speed that hard money loans offer to investors. Alex also provides his contact information for listeners interested in exploring financing options with Boomerang Capital.
Key Takeaways:
01:23 Diving Into the World of Real Estate Financing with Alex Cahilio
02:40 Alex's Journey: From College to Real Estate Financing Expert
03:55 The Refinancing Boom and Its Challenges
08:24 Transitioning to Hard Money Lending: A New Chapter
09:05 Learning from Failures: The Downfall of a Hard Money Company
13:40 Boomerang Capital: Alex's Current Role and Insights on Flipping
17:35 Streamlining the Offer Process for Investors
18:21 The Power of Asset-Based Lending
19:16 Understanding Loan Margins and ARV
20:11 Mastering Property Comps for Better Deals
23:53 Simplifying the Rehab Funding Process
26:05 Building Trust and Reliability in Real Estate Financing
29:14 Creating Seamless Transactions and Community Engagement
Connect with Alex Carrilho
https://www.linkedin.com/in/alexander-carrilho-75a259158/
https://www.facebook.com/alex.carrilho/photos
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