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Colin Carr, Chief Executive Officer at CARR

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Manage episode 379354802 series 3498608
内容由SpringParker提供。所有播客内容(包括剧集、图形和播客描述)均由 SpringParker 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

What he does: Colin is the Chief Executive Officer at CARR. During his career Colin has been active in local, regional, and national real estate transactions involving landlords, sellers, tenants, buyers, and investors.

On risk: "When it comes to risk, if you're looking at purchasing there are a number of lenders across the country that are willing to do 100% financing, but that does mean that you're borrowing more. And so you need to make sure that you're not overpaying for the property or that you don't go upside down when the market corrects … What's the motivation of the landlord to voluntarily reduce their cash flow, their income, and just give you free money? … Typically, the personal guarantees are going to go directly to only the owners. This plays a major role, people do get tripped up with personal guarantees. Can you get an auto loan without a personal guarantee? The answer is no. Can you get a student loan without a personal guarantee? No. Can you get a mortgage from a reputable lender without a personal guarantee? No. Can you get a credit card? Anytime someone's extending you credit or value you're going to guarantee it … Protect your interests and to make sure that you're mitigating risk at the highest level."

Copyright 2024 SpringParker

  continue reading

32集单集

Artwork
icon分享
 
Manage episode 379354802 series 3498608
内容由SpringParker提供。所有播客内容(包括剧集、图形和播客描述)均由 SpringParker 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

What he does: Colin is the Chief Executive Officer at CARR. During his career Colin has been active in local, regional, and national real estate transactions involving landlords, sellers, tenants, buyers, and investors.

On risk: "When it comes to risk, if you're looking at purchasing there are a number of lenders across the country that are willing to do 100% financing, but that does mean that you're borrowing more. And so you need to make sure that you're not overpaying for the property or that you don't go upside down when the market corrects … What's the motivation of the landlord to voluntarily reduce their cash flow, their income, and just give you free money? … Typically, the personal guarantees are going to go directly to only the owners. This plays a major role, people do get tripped up with personal guarantees. Can you get an auto loan without a personal guarantee? The answer is no. Can you get a student loan without a personal guarantee? No. Can you get a mortgage from a reputable lender without a personal guarantee? No. Can you get a credit card? Anytime someone's extending you credit or value you're going to guarantee it … Protect your interests and to make sure that you're mitigating risk at the highest level."

Copyright 2024 SpringParker

  continue reading

32集单集

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