Multifamily Insights

Avoid These Common Loan Mistakes with Jeff Welgan, Ep. 652


Listen Later

Jeff Welgan has over 20 years of experience in the mortgage industry and real estate investing. Specializing in residential 1-4 unit conventional and non-conventional lending, Jeff is an expert in short, mid, and long-term rental strategies. His deep knowledge of financing has helped numerous clients, including notable real estate investors from BiggerPockets.

As the loan officer and team leader behind Tony J. Robinson's real estate success, Jeff has been instrumental in scaling businesses and is the preferred lender for Amanda Han. Jeff’s experience and insights make him a trusted resource in the world of real estate finance.

 

In this episode, we talked to Jeff about the essentials to know about investing, down payment assistance programs, strategies for non-occupant investors and common mistakes people make, vetting potential partners and success for investors, understanding the importance of terms in any deal, and much more.

 

Announcement: Learn about our Apartment Investing Mastermind here.

 

Cold Emailing;

 

02:20 Jeff's background;

03:53 Key principles every investor should know;

07:56 An insight into down payment assistance programs;

17:51 Strategies for non-occupant investors;

22:07 Common mistakes people make;

25:33 How to effectively vet potential partners;

29:11 Recipe for success for investors;

31:43 Round of Insights;

37:32 The importance of understanding the loan terms

 

Announcement: Download our Sample Deal package here.

 

Round of Insights

 

Apparent Failure: Not doing the right job he would be successful at, at first.

Digital Resource: Mortgage News Daily.

Most Recommended Book: Your Next Five Moves & The Obstacle Is the Way.

Daily Habit: Exercising and working ahead early in the morning.

#1 Insight for getting the best loan for investment: Having a conversation to know where things stand is key.

Most recommended tool for cold emailing: Larsen & The Cliff Restaurant.

 

Contact Jeff:

Website

 

Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

...more
View all episodesView all episodes
Download on the App Store

Multifamily InsightsBy John Casmon

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

271 ratings


More shows like Multifamily Insights

View all
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

712 Listeners

BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,793 Listeners

The Best Ever CRE Show by Joe Fairless

The Best Ever CRE Show

994 Listeners

Rental Income Podcast With Dan Lane by Rental Income Podcast

Rental Income Podcast With Dan Lane

823 Listeners

Passive Real Estate Investing by Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Passive Real Estate Investing

972 Listeners

Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

Lifetime Cash Flow Through Real Estate Investing

1,402 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

415 Listeners

Ken McElroy Show by Ken McElroy

Ken McElroy Show

724 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,839 Listeners

BiggerPockets Daily by BiggerPockets

BiggerPockets Daily

328 Listeners

PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

PassivePockets: The Passive Real Estate Investing Show

137 Listeners

Action Academy | Millionaire Mentorship For Your Life & Business by Brian Luebben

Action Academy | Millionaire Mentorship For Your Life & Business

690 Listeners

On The Market by BiggerPockets

On The Market

899 Listeners

The BetterLife Podcast by Brandon Turner and Cam Cathcart

The BetterLife Podcast

836 Listeners

The David Greene Show by David Greene

The David Greene Show

690 Listeners