Mortgage Lending, Giving Back & Educating Investors with Andrew Postell - Ep#38

Andrew Postell is the VP of Mortgage Lending at Guaranteed Rate in the DFW area of Texas.  He is a single-family home investing and lending expert and always dedicates time to educating his clients and future clients in the strategies of BRRR and BLRRR methods of investing.

Hungry for more of the How in real estate investing?  Visit www.ezfiuniversity.com for in-depth articles and webinar recordings to start down your own road to Financial Independence.

1. Listen and Learn on our Podcast, "10,000 Roads to Financial Independence": https://bityl.co/4l3z

2. Subscribe to our channel: https://ytube.io/3C4F  

3. Check out more about Andrew at https://people.rate.com/andrew-postell-392627 

4.  Connect with Andrew on Bigger Pockets, 817-380-1913 or andrew.postell@rate.com

About Elisa Zhang:

I am an owner and principal of over 1,000 apartment units across the USA.  I’m an educator, an artist and a mother of two beautiful children. 

I am on a mission to help motivated individuals make money while they sleep and retire faster than they dreamed.

What makes me so confident that I can guide someone to achieving this goal?  It’s the exact process I used to replace my annual full-time corporate income of over $200K.  I came from the IT world and focused on leveraging the power of real estate investing to form passive streams of income that now funds my family's life, independent from working at a day job.

Why not keep this all a secret for myself?

Sharing the formula for Financial Independence is my way of showing gratitude and adding more value to the world.

⏰ Timestamps ⏰:

0:00 Introduction

1:04 Early Investing Influences

3:43 First Jobs and US Marine Life for Andrew

7:55 Andrew's start in Mortgage Brokering

9:40 First Investment Property and House Hacking

13:09 Common Misconceptions in Lending

15:23 Two Loan Types in Buy-and-Hold SFH Investing

17:33 Continuing to Invest without a W2 Income through Portfolio Loans

20:03 Where does a person begin in Investing?

22:00 Loan Limits in SFH Lending

22:58 Andrew's Questions for Investors Interviewing Lenders

25:58 April 1, 2021 Rules

28:05 Portfolio (DSCR) Lending Criteria

32:35 The Topic of Non-Recourse Loans

36:50 Why Smaller and Local is Better

39:45 Organizing your Investment Documents

41:10 Forbearance & Foreclosure

48:05 Get in Touch with Andrew