Financing Outside the Box - How Today's Investors Fund Deals with Patrick Penner | Ep. 18

In this episode, Jonna interviews Patrick Penner from Coast to Coast Mortgage, discussing creative financing options for real estate investors. They explore strategies such as Buy, Rehab, Rent, Refinance, Repeat (BRRR), Debt Service Coverage Ratio (DSCR) loans, and the importance of asset protection. Patrick shares insights from his 30+ years in the mortgage industry, emphasizing the value of planning and pre-approval before investing. 00:00 Introduction to Mortgage Basics 00:46 Interview with Patrick Penner: Creative Financing Strategies 02:14 Patrick's Journey into the Mortgage Industry 05:56 Understanding Investment Property Financing 12:13 The BRRRR Strategy Explained 14:21 DSCR Loans: A Deep Dive 21:21 Short-Term Rentals and Market Dynamics 24:16 Understanding Asset Protection in Real Estate 25:40 Personal Example: 1031 Exchange Dilemma 26:56 Navigating Entity-to-Entity Transactions 28:11 Non-QM Financing Options 32:40 Fix and Flip Financing Insights 34:38 Importance of Pre-Approval and Strategy 37:35 Patrick's Athletic Background and Personal Life 43:20 Conclusion and Contact Information Have questions or want to connect with our amazing guests? 📧 Reach out to Cari & Senate at: [email protected] [email protected] 📅 Idaho REICon 2025 is Coming! Join us on October 10, 2025 for Idaho’s premier real estate investing conference! Link here! https://idahoreicon.com/ 🎟️ Early Bird Tickets: $169 (Regular Price: $199) 💸 Use Coupon Code: EARLYBIRD30 to save $30 – act fast, prices will only go up! 📧 For more info—or to find out how you can sponsor the event—email: [email protected] ✨ Be in the room. Expand your network. Level up your investing journey. Download the Idaho REIN Vendor Directory at https://www.boiserein.com/FreeVendorDirectory Connect with the Idaho Real Estate Investor Show and the Boise Real Estate Investor Network! Website: https://www.idahorein.com/ Facebook: https://www.facebook.com/BoiseREIN/ LinkedIn: https://www.linkedin.com/in/boise-rein-09b489292/ Facebook: https://www.facebook.com/groups/boiserealestateinvestornetwork Instagram: https://www.instagram.com/boiserein/ For Educational and Informational Purpose Only The information provided on Real Estate Investing for Life does not, and is not intended to, constitute legal, investing and/or financial advice from the host or any guests, instead, all information, content and materials shared are for general informational purposes only. Investment Risks: Real estate investment involves inherent risks, and you acknowledge that you are solely responsible for conducting due diligence and assessing the risks associated with any investment decisions made based on the information obtained on this podcast. The Company shall not be liable for any losses, damages, or financial harm arising from your investment activities.