REI109: Turning Everyday Homebuyers into Cash Buyers w/ Tim Herman

In this week’s episode, Robert Leonard talks with Tim Herman about a newly launched mortgage product that turns everyday homebuyers into cash buyers, what underwriting is and how it works, why individual homebuyers are now competing with large institutional players when buying single family homes, and much, much more!

IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 09:17 - Dropping out of school to become an entrepreneur. 11:08 - Lessons learned from the military and Harvard that are applied to business. 17:20 - What prop-tech is. 18:58 - Why and how hedge funds are now competing in the singe-family space. 21:15 - How to become a cash buyer without having all the cash yourself. 23:12 - What underwriting is. And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Robert Leonard’s book The Everything Guide to House Hacking.

Gary Keller’s book The Millionaire Real Estate Investor.

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