In this insightful episode, Jacob and Mike are joined by Steve, a seasoned mortgage professional, to unravel the complexities of financing real estate investments. The trio delves into the intricacies of investment property loans, emphasizing the importance of building a solid team and understanding the diverse loan options available. Steve shares valuable insights on debt-service coverage ratio (DSCR) loans, shedding light on eligibility criteria and common scenarios where they prove beneficial. The conversation also touches on interest rates, loan-to-value (LTV) ratios, and the critical role of appraisals in real estate transactions. The episode culminates in practical advice for new investors entering the real estate market, emphasizing the need for due diligence, team-building, and learning from mistakes. For those navigating the real estate financing landscape, this episode provides a comprehensive guide and actionable tips for success.

Jacob and Mike dive into debunking common real estate myths, encouraging listeners to break free from limiting beliefs. They challenge notions like needing extensive capital or expertise, emphasizing the value of building a team and efficient time management. Closing with motivational messages, the hosts inspire listeners to embrace mistakes, prioritize financial freedom, and leverage their unique qualities for success in real estate investing. This episode is a concise guide to dispelling myths and kickstarting a journey toward financial freedom.

“Don’t wait to buy real estate. Buy real estate and wait.” - Will Rogers

“Men lie, women lie, number’s don’t.” - Jay Z

“The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.” - Warren Buffet

“Ninety percent of all millionaires become so through owning real estate.” - Andrew Carnegie

“To know when you have enough is to be rich beyond measure.” - Lao Tzu

“Money may not be the most important thing in life, but it affects everything that is.” - Robert Kiyosaki