3 Biggest Myths about Creative Financing - PART 2 with David Gans

This week’s episode is Part 2 of a series with David Gans, partner at Westmount Capital, a private lending firm focused on Real Estate lending.

 

In this episode, David gives us insight on how the company operates and what it took to bring it to where it is today. He lays out how Westmount Capital does business and their method for becoming successful in the competitive world of private lending to real estate investors. If you've ever wondered how the big players navigate the industry, this is a must-listen.

 

David also tells us about what makes a ‘perfect deal’ from the viewpoint of a private lender. He shares the characteristics of a deal that would get a private lender's attention and why some deals stand out more than others.

 

What we learned from David Gans and Terrie Schauer in this episode:

 

- David’s journey with Westmount Capital

- Westmount Capital’s business model

- What does an ideal deal look like from a private lender's perspective? 

- How to borrow capital from a private lender even without the actual experience.

- How big is the risk in real estate?

- The power of mentorship and working for someone to gain experience. 

- What do you think we should be talking about in our industry that we are not talking about?

 

Notable Words From The Episode:

 

It's really important to understand who you're asking money from or who you're borrowing money from. - David Gans

 

Ultimately, there's almost more to learn from the struggles and the failures. - Terrie Schauer 

 

Timestamp:

 

[00:00] Podcast intro

[01:13] David talks about his journey with Westmount Capital.

[03:50] David shares Westmount Capital’s business model.

[06:34] Can anyone invest in Westmount Capital?

[08:34] David tells us what an ideal deal looks like.

[12:46] David shares how someone without experience can take chances in borrowing capital. 

[16:12] David talks about his lifestyle hits.

[21:34] What do you think we should be talking about in our industry that we are not talking about?

[24:49] Ways to connect with David Gans.

[25:18] Podcast Outro

 

Connect with David Gans here: 

 

Website: http://wcmortgage.ca/ 

 

Connect with Us:

 

Facebook Page: https://www.facebook.com/restateinvestorsclub/ 

Email: reic@clubimmobilier.ca 

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/ 

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/