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Colin Carr, Chief Executive Officer at CARR
Manage episode 379354802 series 3498608
SpringParker द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री SpringParker या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.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."
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