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 CoveredDenver Real Estate MLS Market Stats – January 2022
Portfolio Analysis Mastermind: Optimizing Richard and Ilona’s Rental Portfolio
ADU Q1 News: Updated Denver Approvals + Resident Pushback!
Portfolio Analysis Mastermind: Analyzing Ben Einspahr’s House Hack Portfolio
2022 Goal Setting with Chris
Living the HGTV Dream in an Englewood Duplex
House Hack Mastermind #9: Newbie House Hackers: Room by Room vs Airbnb
Commercial Listing: Historic Denver Apartment Building with Potential for Short-Term Rental
Commercial Listing: 24-Unit Apartment Building in the Heart of Fort Collins
Super Bowl Champion Ryan Harris’s Mindset: “More Is Not Always Better”
Can You Rent to Walgreens? Breaking down Single Tenant Net Leases
Denver Real Estate MLS Market Stats- December 2021
Using Denver Equity to Invest in a Pueblo Rental Property
Top 5 Electrical Issues Investors Should Know
Analyzing a Value Add Duplex in Athmar Park
Ask an Investor: Should I Tap into Roth IRA, Equity, or Savings to Buy My Next Rental?
Commercial Listing: Turnkey 41- Unit Apartment Building in Northwest Denver
ADU #4: What It Takes to Build an ADU with Phil Daughton
Denver Real Estate MLS Market Stats- November 2021
ADU #3: How the Hell Do I Finance My ADU?
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