Avoid These Common Loan Mistakes with Jeff Welgan, Ep. 652

Jeff Welgan has over 20 years of experience in the mortgage industry and real estate investing. Specializing in residential 1-4 unit conventional and non-conventional lending, Jeff is an expert in short, mid, and long-term rental strategies. His deep knowledge of financing has helped numerous clients, including notable real estate investors from BiggerPockets. As the loan officer and team leader behind Tony J. Robinson's real estate success, Jeff has been instrumental in scaling businesses and is the preferred lender for Amanda Han. Jeff’s experience and insights make him a trusted resource in the world of real estate finance.   In this episode, we talked to Jeff about the essentials to know about investing, down payment assistance programs, strategies for non-occupant investors and common mistakes people make, vetting potential partners and success for investors, understanding the importance of terms in any deal, and much more.   Announcement: Learn about our Apartment Investing Mastermind here.   Cold Emailing;   02:20 Jeff's background; 03:53 Key principles every investor should know; 07:56 An insight into down payment assistance programs; 17:51 Strategies for non-occupant investors; 22:07 Common mistakes people make; 25:33 How to effectively vet potential partners; 29:11 Recipe for success for investors; 31:43 Round of Insights; 37:32 The importance of understanding the loan terms   Announcement: Download our Sample Deal package here.   Round of Insights   Apparent Failure: Not doing the right job he would be successful at, at first. Digital Resource: Mortgage News Daily. Most Recommended Book: Your Next Five Moves & The Obstacle Is the Way. Daily Habit: Exercising and working ahead early in the morning. #1 Insight for getting the best loan for investment: Having a conversation to know where things stand is key. Most recommended tool for cold emailing: Larsen & The Cliff Restaurant.   Contact Jeff: Website   Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.