The Real Estate Lab

EP 26: Justin Cooper - First Look at Hard Money


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Contact:


  • Justin Cooper’s LinkedIn www.linkedin.com/in/justincooper1/
  • Pine Financial Group www.PineFinancialGroup.com
  • Facebook www.facebook.com/JustinCooper11
  • Twitter https://twitter.com/JustinCooper1
  • Book a Call with Coop www.CallwithCoop.com


Outline of the Episode


[00:00:52] Introduction: How good was he really at basketball? He played in grade school! 

[00:01:22] Starting in real estate, newbie mistakes, and learning from courses. How did he lose around $10,000? 

[00:05:50] He dreamed of becoming a hard money lender at 50 or 60 years old, but became one in his 30’s.

[00:08:30] The value that a property manager can bring.

[00:11:00] Lessons learned since joining Pine Financial. The biggest thing Justin missed in his first and only loss in real estate.

[00:12:35] Pine Financial, their three core members in the early days, and their responsibilities.

[00:15:30] Content Marketing, teaching classes, and success summits.

[00:18:09] How is Pine Financial different from other hard money lenders? Is 100% financing as good as it sounds?

[00:23:05] Going up to 70% loan to value after the ARV. Even if things go wrong, Pine Financial guarantees a good profit margin.

[00:25:41] Increase in purchase prices and higher construction costs affecting ARV’s

[00:27:48] Questions you should ask fund managers. How long they’ve been doing business? How much have they done already?

[00:29:45] How can Justin help successful entrepreneurs find other avenues to invest in fulfilling their goals?

[00:34:05] The challenge of avoiding being a helicopter parent!

[00:34:50] Analysis paralysis, overthinking, and taking action.

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The Real Estate LabBy Vee Khuu

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