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HFHQ 11: Take your business to a whole new level with Robert Fragoso

HFHQ 11: Take your business to a whole new level with Robert Fragoso

Published 12 years, 8 months ago
Description

How to streamline your house flipping business, get your deals funded and Robert's market predictions for 2014!

Robert Fragoso, a hard money lender with Anchor Loans in Southern California, has been in this business for over 20 years, has overseen loans totaling over $1.6 Billion (yes, Billion, with a “B”), and from the more than 5,000 deals he analyzes each year, has his hands in more than 1,500 transactions — per year!.  Not only that but this guy is a Master Networker and all around great guy.

Today he provides some incredible insights on the real estate investing business.  From how money lenders analyze your deals, to the importance of networking in developing your business, Robert goes in to some amazing detail in this, the longest podcast we've ever produced.  He even provides some great predictions on where the market will go in 2014.

We discuss just about everything you can imagine, and if you've ever wanted to hear a conversation on some high-level investing topics, or just want to get an understanding of how a beginner house flipper can approach a lender, then this is something you need to listen to.

And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?

Show Notes

In this episode we cover:

  • Robert's background in real estate investing and how he developed his business to over $1.6 billion in loans.
    • Keys to hiring and where you can find the best people to learn your systems
    • Robert's number one goal with his business
    • How to work with and qualify contractors
    • Do's and Don'ts of evaluating properties and how to analyze deals
  • The importance of networking, including a recent networking event of Robert's which Justin attended
    • Effective things to do when attending a networking event
  • Strategies and practices of a hard money lender
    • The first things you should do when you find a deal
    • In L.A. 38% of all deals are cash deals.  Nationwide it is 58%.
    • The #1 trigger word you should never use with lenders
    • The three things you absolutely should do when evaluating a hard money lender
    • Robert's number one pet peeve when it comes to writing offers
    • The things Robert looks for when new house flippers come to him with a deal
    • The one thing most beginners grossly underestimate with their deals
  • What Robert can offer to house flippers — from 100% financing, gap lending and even running the rehab
  • Robert's analysis of today's Market and where he sees it going in 2014
    • The best time to buy a property
    • The affect of the Affordable Health Care Act on the real estate market and what is means for borrowers

First EVER House Flipping HQ COMPETITION!!!  “STARTING or Taking Your Business to the NEXT Level!”

 


House Flipping VIP Experience

Some more details …  Robert and I are putting together an amazing opportunity for you to meet and discuss real estate investing with some of the top people in the game.  Here's what you have to do:

  • In the comments section below, wri
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