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Investing In Real Estate Podcast

Depending on your goals and personal situation, investing with a non-recourse loan can be a great way to build your real estate portfolio. Today you’re going to learn what non-recourse financing is, and why it might be the key to helping you build wealth.

You’re going to learn about the mechanics of the loan and what the approval process is like. I’m sharing how the non-recourse loan process works when you work with a full-service team. Press play to learn more about non-recourse financing and if it’s right for you!

On this episode you’ll learn:

  • What non-recourse financing is.
  • What you can expect from the loan process.
  • The benefits you can expect when you work with a full-service team.
  • And much more!

What Non-Recourse Financing Is

Non-recourse financing is the most difficult mortgage financing to obtain due the stringent nature of the lenders typical underwriting criteria as it relates to individuals and personal guarantees not being present. With non-recourse financing there is no personal guarantee and the mortgage financing is simply qualified based on the assets qualifications. Banks see non-recourse financing as an increased risk typically because there is no recourse present for the actual owner of the property personally which makes it more difficult to obtain as well as qualify for. These non-recourse lenders are looking for the cream of the crop and quality assets in growing superior markets.

What You Can Expect from the Loan Process

The underwriting process for our pre-approved non-recourse financed projects typically take at least 90 days and getting lenders to compete in order to provide the best rate and terms we can possibly source. Normally start to finish our pre-approved deals take at least 4 months to reach inventory and our clients have the safety of knowing their terms will not change because the financing is already underwritten, approved, and in-place to keep their cash flow analysis from fluctuating.

The Benefits You Can Expect When You Work with a Full-Service Team

When you work with a full-service team like Morris Invest, you receive benefits like:

  • No points up front
  • Refinance anytime (with no penalty)
  • Pay off anytime (with no penalty)
  • Sell anytime (with no penalty)
  • Lower interest rates
  • Not tied to you personally
  • Based on the property!
  • No hoops to jump through.
  • Already approved – no waiting.

Episode Resources
Book a Call with Our Team
Indeed.com/investing ← Get a free $75 sponsored job credit to upgrade your job post!
Download the free Financial Empowerment Bootcamp
Download the Freedom Cheat Sheet
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to​ use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

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Posted on

June 24, 2021

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