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#431: These Financial Planners Know Why Real Estate Is Key to Wealth Building. Do You?
#430: December 2022 Market Stats: Will 2023 Be the Year of the BRRRR?
#429: Why This Denver Developer Is Pivoting to Eco-Friendly Homes
#428: Chris's 2023 Goals: Learn His Plans and Jumpstart Your Own Goal Setting"
#427: Don't Get Stuck with a Bad Roommate: How to Screen House Hack Tenants
#426: November 2022 Market Stats: Don't Be Afraid to Ask for Concessions
#425: October 2022 Market Updates: Take Advantage of Dropping Rates and Seller Concessions
#424: Yes, House Hackers Can Still Cash Flow in Today's Market
#423: How to Treat Your Airbnb Like a Business
#422: Introducing PAM 2.0: Take the Guesswork out of Your Real Estate Portfolio
#421: Why Commercial Investors Are Seeking out Shorter Loan Terms
Keep or Sell: Breaking Down the Options for Maximizing Returns
Everything You Need to Know to Register for a Denver Rental License
When Is an ARM Better than a Fixed Rate Loan?
Can I Make More Money by Paying Capital Gains Tax?
Busting 7 Myths about Recessions and the Housing Market
Is Your House Hack Protected? 5 Moves You Can Make Right Now
0-24 Doors in 10 Years Starting at 40 Years Old with Nicole Rueth
How Chris Lopez Adapted His Real Estate Investing Goals in 2022
How Denver-Based Company Ink Is Modernizing the Contract Process
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