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#451: Can You Make a Profit on a Vacation Home in the Mountains? 9 Factors to Consider Before Buying
#450: Copy This Blueprint to Become A House Hack Millionaire
#449: Want to Pass Your Denver Rental License Inspection? Avoid These 3 Mistakes
#448: April 2023 Market Updates: Will Sales Prices Bottom Out?
#447: Not Sure Where to Start with an ADU? That ADU Guy Shares His Best Strategies and Tips
#446: How Patrick Soukup Went from Injured College Athlete to Real Estate Entrepreneur
#445: March 2023 Market Updates: Where Are We Seeing the Best Deals for Investors?
#444: How Real Estate Investing Saved Eric Garber's Financial Future
#443: Lower Prices and Strong Returns: Why You Should Invest in Northern Colorado
#442: Building Your House Hack 'Stack': The Path to Becoming a House Hacking Millionaire
#441: February Colorado Real Estate Market Updates: Is Longmont the Next Real Estate Hotspot?
#440: Slatt Capital: The Family-Oriented Lender Expanding to Serve Colorado Investors
#439: How Nick Elder House Hacked his way to MultiFamily
#438: The Future of Real Estate: National Trends and Their Implications
#437 An Expert’s Guide to House Hacking (What to Know Before Starting)
#436: January 2023 Market Updates: Why Savvy Investors Are Buying Now
#435: Launch Your House Hack: Tips for Preparing Your Property Before it Goes Live
#434: CO Commercial Real Estate Update with Adam Aluise
#433: Why Are Roofs So Important? CO RE Investors, Listen Up.
#432: Why Investors Should Care that Americans Are Saving Less Money
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