Financing Outside the Box - How Today's Investors Fund Deals with Patrick Penner | Ep. 18

In this episode, Jonna interviews Patrick Penner from Coast to Coast Mortgage, discussing creative financing options for real estate investors. They explore strategies such as Buy, Rehab, Rent, Refinance, Repeat (BRRR), Debt Service Coverage Ratio (DSCR) loans, and the importance of asset protection. Patrick shares insights from his 30+ years in the mortgage industry, emphasizing the value of planning and pre-approval before investing.

00:00 Introduction to Mortgage Basics

00:46 Interview with Patrick Penner: Creative Financing Strategies

02:14 Patrick's Journey into the Mortgage Industry

05:56 Understanding Investment Property Financing

12:13 The BRRRR Strategy Explained

14:21 DSCR Loans: A Deep Dive

21:21 Short-Term Rentals and Market Dynamics

24:16 Understanding Asset Protection in Real Estate

25:40 Personal Example: 1031 Exchange Dilemma

26:56 Navigating Entity-to-Entity Transactions

28:11 Non-QM Financing Options

32:40 Fix and Flip Financing Insights

34:38 Importance of Pre-Approval and Strategy

37:35 Patrick's Athletic Background and Personal Life

43:20 Conclusion and Contact Information

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