Episode 19: How to Avoid Cash Flow Nightmares When Renovating Your Home

In this episode of How2Buy, I sat down with Libby Rodriguez, the lead of Luminate Bank's renovation department, to talk about something a lot of people don't fully understand: renovation and construction loans. Renovation loans let you finance construction or renovation projects before any work begins, and Libby breaks down how these loans work for different types of clients. She also walks through the planning process: identifying contractors, securing bids, and making sure everything is lined up before you even close. We also talked about how builders and developers can use these products to expand their client base. If you've ever wondered how to buy a fixer-upper without waiting months to start work, this episode is for you.Mentioned in this episode: Libby Rodriguez, Vice President, Construction at Luminate Bank: https://www.linkedin.com/in/libby-rodriguez-649022a0Leo Anzoleaga, SVP of Residential Lending: https://www.anzoleaga.com/ Subscribe to the show to learn more How2Buy strategies from Leo Anzoleaga and his guests!