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I met Jimmy soon after moving to Chattanooga. Entrepreneurs seem to find other entrepreneurs. In this CEO FOR LIFE episode we talk finance, markets, CEO attributes that make them successful and what NOT to do. This is a killer episode. Listen in. About JimmyWHAT I DO: I help growing small businesses, builders and real estate investors improve profitability, increase capacity, improve cash flow, develop sustainability, and achieve a return on investment.WHY IT WORKS: I've spent more than 16 years as an analyst and lender which means I understand my clients' needs better than anyone else. I'm able to seamlessly integrate my hard-won, battle-tested, industry knowledge and strategic plans to ensure my clients achieve their goals - EVERY TIME.TRUE FACTS ABOUT ME: I was in the Marine Corps, I have tried every flavor of Ben & Jerry's Ice Cream, I rode my bicycle across the United States of America.WHAT OTHERS SAY:Jimmy has broad finance and entrepreneurial skills. I have worked with him on several projects and have a high regard for these skills and his ability to follow through on commitments. Richard Waters, CFOJimmy is someone who knows the business inside and out, dedicated to delivering above and beyond expectations, and committed to the client. Tony Hendon, PEJimmy really knows his stuff. As an investor and banker he has a unique perspective and grasp on the entire business of financing real estate investments. I have yet to ask him a question where he didn't have the answer. I can strongly recommend him and his educational material. Brecht Palombo, CEOAREAS OF EXPERTISE:Financial & Business Analysis | Business & Strategic Planning | Real Estate Lending | Credit Underwriting | Indirect Costs & Pricing | Profit Assessment | Leadership Development
On Today's show, real estate financial expert Jimmy Moncrief, from RealEstateFinanceHQ.com takes us to school and equips us with exactly what's needed for us to master the power of financing. He talks about the difference between hard money, private money and traditional financing, how to invest with 0% down, how real estate investing compares to the stock market, how to present an application for a loan, how to find great banks, and much, much more! This episode is probably one of the best we've had so far, so please enjoy!
On Today's show, real estate financial expert Jimmy Moncrief, from RealEstateFinanceHQ.com takes us to school and equips us with exactly what's needed for us to master the power of financing. He talks about the difference between hard money, private money and traditional financing, how to invest with 0% down, how real estate investing compares to the stock market, how to present an application for a loan, how to find great banks, and much, much more! This episode is probably one of the best we've had so far, so please enjoy!
Today’s Best Ever guest has some awesome experience in regards to property management and being a broker. He shares with us what you need to be asking a property manager before you hire them, and what his experience is like as a property manager. And again, why you just need to GET STARTED with your investing! Best Ever Tweet: At the end of the day, the only one who’s gonna get you that paycheck is YOU! Tyson Cross’s real estate background: - Based in Portland, Oregon - Broker at HFO - Former property manager for Cassidy Turley where he oversaw 350,000 square feet of medical buildings - Has always wanted to be in a band. Subscribe in and so you don't miss an episode! Made Possible Because of Our Best Ever Sponsors: - Want to learn more about crowdfunding? Let the leading expert in the crowdfunding space, Patch of Land, give you all the info you need to get started. Grab your FREE copy of Top Ten Answers to the Top Ten Crowdfunding Questions at - Do you want to get around the 80% loan to value rule and get line of credit for your business? Well, Jimmy Moncrief has the answer! Go to for your free negotiating guide.
Today’s Best Ever guest has some incredible creative financing to share with us-life insurance! We discuss the best ever practices to use to pull out from your life insurance policy to fund your deals, and why it may be the best way to fund your deals from here on out. Best Ever Tweet: Permanent life insurance policies have cash values. Tom Rutkowski’s real estate background: - Based in Boynton Beach, Florida - Core of his business is teaching investors how to put their money at work in places at one time - Learn how to be your own bank strategy - Founder of Innovative Retirement Strategies - - Was in the marine Corp and served for 8 years Subscribe in and so you don't miss an episode! Made Possible Because of Our Best Ever Sponsors: - Want to learn more about crowdfunding? Let the leading expert in the crowdfunding space, Patch of Land, give you all the info you need to get started. Grab your FREE copy of Top Ten Answers to the Top Ten Crowdfunding Questions at - Do you want to get around the 80% loan to value rule and get line of credit for your business? Well, Jimmy Moncrief has the answer! Go to for your free negotiating guide.
Today’s Best Ever guest is only 25 years old, but has amassed an incredible portfolio beginning when he was 18 years old. He shares with us how to get out of a Freddie Mac owner-occupant contract, and all you need to know about house hacking. Best Ever Tweet: Capital is easy to come by, but time is not. Jared Strum’s real estate background: - Real estate investor based in Cincinnati, OH but moving to Georgia soon - Bought his first property at 18 years old - 25 years old and has a 20 rental unit portfolio - Co-founder of Sturm Properties - Part of the only Candlepin Bowling League in Ohio Subscribe in and so you don't miss an episode! Made Possible Because of Our Best Ever Sponsors: - Want to learn more about crowdfunding? Let the leading expert in the crowdfunding space, Patch of Land, give you all the info you need to get started. Grab your FREE copy of Top Ten Answers to the Top Ten Crowdfunding Questions at - Do you want to get around the 80% loan to value rule and get line of credit for your business? Well, Jimmy Moncrief has the answer! Go to for your free negotiating guide.
Years of building relationships, and proving he walks the walk led today’s Best Ever guest to get his properties 100% financed. What did he do? Well, ya better listen up because it could very well be the way YOU finance your next property. Best Ever Tweet: A goal is nothing without a strategy to reach it. Jimmy Moncrief’s real estate background: - Founder of Real Estate Finance HQ based in Chattanooga, Tennessee - Has about 30 buy and hold rental properties - Former stock analyst and hedge fund partner at Fortune 500 company - Say hi to him at - He has tried every one of Ben and Jerry’s flavors Subscribe in and so you don't miss an episode! Made Possible Because of Our Best Ever Sponsors: – Having a hard time finding great investment properties? Unfortunately, the best deals are rarely found locally. Norada Real Estate’s simple proven system provides you with the best deals across the U.S. to create wealth and cash-flow. Get your FREE copy of - Want to learn more about crowdfunding? Let the leading expert in the crowdfunding space, Patch of Land, give you all the info you need to get started. Grab your FREE copy of Top Ten Answers to the Top Ten Crowdfunding Questions at – How much do you really know about your clients? With milenials taking over the real estate market place, YOU need to learn about them. Read by Matt Britton to learn all you need to know.
Simply put – this podcast could change your financial life.You see, a banker can be your best friend or your worst enemy when trying to invest in real estate, as a great loan can mean the difference between long term success and failure. This is why we are super excited to introduce you to Jimmy Moncrief (your new best friend!) on the BiggerPockets Podcast today.Jimmy is a commercial bank underwriter as well as a real estate investor, so he has a unique insight into the mind of a bank – especially involving real estate investing. . Jimmy is going to share some incredible, actionable tips that any investor can start using today to get your bank to say “Yes” to your next financing request. In addition, Jimmy offers some unique tips for finding great FSBO deals and getting into your first deal.This show contains so many tips and ideas to help you do more deals, get better financing, and change your future – so grab your pen and paper and set aside the next hour for a truly remarkable show.Read the transcript for episode 55 wth Jimmy Moncrief here.In This Show, We Cover:Turning your own home into a rentalBuying a cash flow crazy triplexJimmy’s “lucky” method of finding properties FSBOHow real estate investors do everything backwardsJimmy’s awesome “Quick Tip” about interviewing a bankAn insider look at the Five “Cs” for getting a loanWhy Jimmy hates credit scoresHow to turn around a loan denialGetting commercial “HUD” loansTips for refinancing your investment propertiesUsing cross collateralization to secure financingNo money down… is it possible?And LOTS more…Books Mentioned in this ShowThe Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarcoThe Four Hour Workweek by Timothy Ferriss80/20 Sales and Marketing: The Definitive Guide to Working Less and Making More by Perry MarshallLinks from the Show: BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroyBP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben LeybovichBlackstone B2R FinancingSmart Passive Income Podcast with Pat Flynn – Episode 18 with MJ DeMarcoPareto’s Principle- the 80/20 Rule – Wikipedia PostTweetable TopicsHUD loans are like a pregnancy: fun at the beginning, painful at the end! (Click to Tweet!)If you are serious about investing in real estate – you need to know the 5 Cs. (Click to Tweet!)If you take a proactive approach to lending, everything works out better. (Click to Tweet!)If you want to be a serious real estate investor – treat it like a business. (Click to Tweet!)Connect with JimmyJimmy’s BiggerPockets ProfileJimmy’s BiggerPockets Blog PostsJimmy’s Blog: RealEstateFinanceHQ.com