Many of us stick to taking out loans, whether long-term loans or hard money loans, for our funding. What we fail to realize is that, with the constant fluctuations in loan rates, it’s much safer to diversify our options.

In this episode of Collecting Keys Podcast, we talk about the importance of keeping other avenues for funding open when going after off-market deals. We also talk about building trust and rapport with potential lenders, and how this can open up the way to more, even better deals.

Here are some power takeaways from today’s conversation:

• Financial freedom is a luxury; appreciate it if you have it. Not everyone can afford to take the same risks as you.
• Don’t judge potential tenants on their income category alone. Any lack of due diligence during the screening process is on you.
• Given the constant fluctuations in loan rates, it’s important to have backup funding options ready.
• Simple preparation and a pleasant disposition can go a long way when dealing with lenders.