Nation's Largest Lender $7.7 Billion in Fix and Flip Financing - Steve Pollack Episode #66

GUEST BIO Steve Pollack is the President and Chief Executive Officer of Anchor Loans, the nation’s premiere fix and flip lender providing more than $7.7 billion of capital to investors. Steve’s core values stem from building relationships bigger than lending; their goal is to build long term partnerships and they’ve done just that. Over 85% of their customers are repeat borrowers because of their speed, efficiency, expertise, flexibility and customer service that comes with investing with Anchor financing. THE REAL ESTATE FOUNDATION 01:39 Guest Background 05:07 How Anchor Loans started? 06:37 What offers do you have to the investors? 10:27 Qualifications to be a part of Loan Anchor 13:44 Managing the downsides of the Business 17:42 Understanding Construction Loan 21:34 Construction Loan process 23:03 How Anchor Loans operates KEEPING IT REAL 25:26 Biggest misconception about investors have, when working with lenders? 26:30 Biggest mistakes investors make in real estate 27:48 Best advice received and willing to share to the community ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW: 29:32 Favorite book - Man Search for Meaning by Viktor Frankl 30:08 Daily habits that serves best -Time Management 31:45 One 300 unit apartment building or 3 apartments of 100 units - 3 apartments of 100 units 32:32 Self Manage or Outsource - Outsource 32:56 If you have one superpower in your business, what would it be? - Time Travel 33:59 Describe a successful investor in one word - Discipline BOOKS MENTIONED IN THIS SHOW Man Search for Meaning by Viktor Frankl NOTABLE QUOTES (KEY LESSONS): “Believe in Yourself” Connecting with The Guest Instagram, Facebook, LinkedIn , Twitter Website: anchorloans.com #ExperimentLoans #ExperimentAnchorLoans