How To Fund Renovations with Larry Baszynski and Scott Hodgden
How To Fund Renovations with Larry Baszynski and Scott Hodgden
How To Fund Renovations with Larry Baszynski and Scott Hodgden
Larry Baszynski and Scott Hodgden of Finance of America Commercial are seasoned lenders who have helped their investor clients build tremendous real estate portfolios and wealth.
Larry and Scott discuss the products that their company offers including Fix and Flip loans, Construction Loans, and Long-Term loans for stabilized properties. They share common pitfalls and root causes of failed renovation projects. The duo explains how hard money loans are underwritten and what a borrower needs to know to set themselves up for a successful loan! This show is full of golden nuggets with emphasis on the importance of building your team and buying your next investment property sooner!
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: [email protected]
Guest: Larry Baszynski and Scott Hodgden, Finance of America Commercial
Link: The Success System That Never Fails (Book Recommendation)
Link: SUCI Ep 79 - Gary Davidson
Link: SUCI Ep 50 - Andrew Holmes
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Guest Questions
02:57 Housing Provider Tip - Ensure windows are properly caulked to prevent leaks!
04:34 Intro to our guest, Larry and Scott!
13:41 FOA Commercials' transition after being bought out.
15:06 FOA Commercials’ products.
18:57 DSCR loans for stabilized properties.
25:44 Common causes of failed investments!
29:03 How interest rates are impacting lending!
35:25 Where are hard money funds sourced from?
36:49 Taking back a property on a failed project.
40:53 How aggressive can FOA Commercial get?
44:18 What happens if interest rates hit 10%?
46:02 What is your competitive advantage?
46:43 One piece of advice for new investors.
47:57 What do you do for fun?
48:23 Good book, podcast, or self development activity that you would recommend?
49:33 Local Network Recommendation?
51:00 How can the listeners learn more about you and provide value to you?
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2024.
From The Podcast
Straight Up Chicago Investor
Are you a real estate investor in Chicago or someone looking to invest in the Chicagoland Market? If so, this podcast is for you! We break down the neighborhoods, different sides of the city, and surrounding suburbs so you can understand the uniqueness of investing in Chicago real estate.The hosts and guests are Chicago investors and Property Managers who are making it happen in and around the Windy City. We share information, winning strategies, obstacles, success stories, and most importantly, lessons learned. If you are looking for ground level information and want to learn what has worked and not worked in Chicago, you are in the right place.Join Podchaser to...
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