How are lending products changing to help borrowers in a high interest rate environment? We talked to local lender and investor Joe Selander about his investing journey, and why he made the move to a new company that allows him to offer a wider range of products that will help borrowers keep their low interest rates while continuing to invest.
After graduating college in ’99, Joe worked as an accountant for Arthur Anderson. He spent the next few years bent over a desk getting as many billable hours as possible and knew it wasn’t what he wanted to do long-term. When a friend offered him a job as a loan officer, he jumped at it. As he processed the loans, he realized he could also be a customer. So, he started buying one home a year as a house hacker. He house hacked throughout the Denver area until he got married and switched to traditional rental properties.
Recently, Joe left his longtime company for Edge Home Finance. By working for a non-retail loan company, he’s able to offer his clients more loan products, from commercial loans, to fix and flips, and Home Equity Lines of Credit (HELOCs). Instead of having to go to individual lenders for each loan, Joe can serve as a one-stop shop and oversee the entire process. And since he doesn’t have to pay money for a building with conference rooms and fancy accessories, he’s able to pass the savings onto his clients. With climbing interest rates, these savings give him a substantial edge over other lenders. Check out the podcast to learn more about Joe’s products and his advice for investing in a high-rate environment.
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#491: 12 years in Prison to Building a Thriving Sober Living Homes Business
#490: The Strategy Behind Scaling a Company with redT’s New CEO Vincent Deorio
#489: Are Buyers Off the Sidelines -December 2023 Colorado Market Update
#488: 1031 Without the Timeline: The Lazy 1031 Exchange Explained
#487: Where is the Next Market Crash & How to Prep Your Portfolio | ICOR Presentation
#486: House Hacking Strategies that Achieve Above Market Rent Deal Analyses
#485: How to Pivot Your Real Estate Strategy for 2024
#484: 1031 Exchange Explained: Minimize Your Taxes & Grow Your Wealth
#483: Are Interest Rate Hikes Over? November Colorado Real Estate Market Update
#482: Build Wealth with New Construction in Northern Colorado
#481: How He Scored $18K in Seller Credits and Walked Away with a Check at Closing
#480: Opportunities in Real Estate Development with redT’s Chief Investment Officer Paul Ko
#479: First Responder to Financial Freedom Paul DeSalvo’s Mission to Help Others Achieve Financial Freedom
#478: Interest Rate Drop Unlocks Home Buying Potential | Colorado Real Estate Market Update
#477: House Hacking with your Adult Kids - Empower and Unlock Financial Independence
#476: The Future of Eco-Friendly Homes: Nathan Adams on Building Green and Sustainable Construction
#475: Real Estate Investing in Denver Made EASY | 2023 Strategy Guide
#474: Why the New 5% Conventional Multifamily Loans are a Gamble | September Market Updates
#473: Avoid These Credit Mistakes When Applying for a Mortgage
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