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.
In This Episode We Covered#472: The Hidden Dangers: How New Colorado State Laws Threaten Small Landlords
#471: Short Term Rentals: What it Takes to STAND OUT in a Saturated Market
#470: How to Find Cash Flowing Deals | Colorado Real Estate Market August 2023
#469: How Chris Lawhead went from the Brink of Bankruptcy to DEBT FREE with Real Estate Investing
#468: Matt Amundson’s Creative Strategies for Leveraging your Equity
#467: The Real Estate Career Switch: What It Takes to Succeed and Leave Comfort Behind
#466: Best Real Estate Investing Strategies in Colorado Springs and Pueblo
#465: Women in Real Estate Investing: Tips for New House Hackers with Irina Barnett
#464: Stop Waiting for a Price Drop | July 2023 Colorado Real Estate Market Updates
#463: Best Real Estate Strategies for Northern Colorado
#462: New Fund Alert! Opportunities NOT to Miss in Multifamily Investing
#461: [PL Launch] $1 Billion Business Plan
#460: How Steve Medina Escaped the 9 to 5 Grind with Real Estate Investing
#459: Navigating Denver's ADU Zoning Updates: What You Must Know [2023]
#458: Stability Meets Profit: June 2023 Colorado Real Estate Market Updates
#457: Demystifying Depreciation: How Cost Segregation Can Save You Money
#456: Fueling Property Llama’s Future (Part 3 of 3)
#455: Traction + Team: The Secret to Property Llama’s Growth (Part 2 of 3)
#454: My One Billion Dollar Goal (Part 1 of 3)
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