This podcast is aimed at equipping listeners with substantial knowledge in multifamily real estate investing, sharing inspiring experiences from experts well-versed in the different stages of wealth creation through real estate. Meet our host, the Founder, and CEO of ZANA Investments, Tim Little.
In this episode, Paul Winterowd outlines the benefits of dealing with a mortgage broker versus working directly with a bank.
While he has been a General Partner as well, Paul discusses more his extensive experience as a passive investor and how his job as a mortgage broker has made him better at picking sponsors and deals.
Episode Topics
[01:37] Meet today's guest, Paul Winterowd.
[02:43] How Paul started as a mortgage broker and got into intrigue with multifamily real estate.
[06:23] Continuing his work as a mortgage broker helps to build his network and get exposure to great syndicators.
[10:03] Real estate's primary selling points - Lack of volatility.
[11:58] Bridge loans and other types of lending and their interest rates.
[11:44] Paul's thought on seller financing for real estate.
[20:35] One of the beauties of real estate is it has its own merits and investing in a business plan.
[22:03] What does it look like when you are investing in a business plan of multifamily real estate?
[27:49] What are the benefits of using a mortgage broker?
[30:43] What is one red flag every investor should look out for?
[38:46] What does success look like for Paul?
Notable Quotes
- " The tortoise versus the hare story comes to mind. The commercial real estate's more the tortoise but ends up winning the race in the end. "- [Paul Winterowd]
- "Real estate's lack of volatility like the volatility that you do see in the stock market, I think it's one of the primary selling points" - [Tim Little]
- "I hold to the premise of time in the market versus timing the market." [Paul Winterowd.]
- "I think there are basically opportunities in every market, be they good markets, bad markets, and another important point is the matter of perspective when it comes to being a passive investor.” [Tim Little]
Connect with Paul Winterowd
- Website: stacksource.com
- LinkedIn: Paul Winterowd
- Email: [email protected]
- Social media: @StackSource
👉 Connect with Tim
- Linkedin: Tim Little
- Instagram: @tim_at_zana
- Email: [email protected]
- Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
- Get your Passive Investor's Cheat Sheet FREE
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https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497