Today on Unstoppable REI Wealth I am joined by Ruben Izgelov.

Ruben had over a decade in the real estate industry – acquiring, flipping, developing and financing over $500 million worth in real estate – Ruben has quickly become a renowned real estate expert, speaker, and guide for many professionals in the industry.

Ruben originally, started as a hard-working eight-year-old boy distributing flyers on the streets of New York, and to this day still takes that work ethic with him everywhere he goes. He is a graduate of St. Johns University and Touro School of Law, where he earned a BS in legal studies and his JD, finishing cum laude and magna cum laude.

We Lend is a private money lender focused on servicing real estate investors by providing quick and low-cost capital on their investment properties. We Lend’s approach to lending is centered around the investor, therefore allowing the investor to focus more on their investment and less on the loan process. We Lend was founded by a group of real estate investors, whose emphasis was on acquiring and improving distressed properties. So, whether or not you are an experienced real estate investor – We Lend’s team has the qualifications to exceed expectations and can assist in the expansion of your real estate portfolio.

Key Takeaways From Today's Episode:

[00:03:25] Eventually I was introduced to real estate, right around 13, 14 years old. One of my cousins who was actually a flipper at the time, doing it the old school way door knocking on doors and trying to convince sellers to sell their property to him and he had a hard time with people opening doors. So, he asked me as a 13 year old, he's like, you know what? You're young, you're cute. You know, I think people would open the door for you. Why don't you come and join me and help me. So that's exactly what we did for the summer.

[00:07:52] I started flipping, and my go-to guide my mentor to this day. He's my mentor was my hard money lender. Don't get me wrong. He was charging me an arm and a leg. I think I was paying anywhere between 14 to 15% with two and a half to three points at the time. But it was well worth. It, it was worth every single penny for me, but he was old school. He's still around. God bless him. But he was old school, no emails, you know, only phone calls, notes. Only fax machines and we thought that we can definitely change the bar market and definitely improve on it.

[00:14:30] So as private lenders, our focus is always the asset, right? We want to make sure that, you know, the borrower, that the property is profitable when they're buying the property and flipping it we want to make sure that the property is vacant or not. Doesn't really matter, but we just want to have that those numbers in mind and have those assumptions that are. So our real focus is the asset in the beginning, but then also we want to make sure that the borrower has a track record. And if they don't, that's fine.

[00:14:55] 620 credit for us is excellent credit we want to make sure that the borrower has enough liquidity to not only buy the property, but also start the renovation because when we fund the project to the leverage point, I don't think we even touched on that. And depending on the borrower's experience, we can go up to 90% of the purchase and a hundred percent of the construction cost that huge.

Thank you all for listening and I will see you on the next episode.

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