From the archive: This episode was originally recorded and published in 2022. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL’s in these archive episodes are still relevant.
Saurabh Shah has extensive experience in real estate transaction structuring. He is the co-founder of InstaLend, a lender for real estate loans providing fast and convenient capital to real estate investors.
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Guest Resource
InstaLend – Grow Your Real Estate Business! InstaLend is your private lending partner.
3 Value Bombs
1) You do not have to have a perfect product to start your journey.
2) A common mistake is that most investors are under-budgeted for the rehabilitation of their property. You must always have a contingency fund – at least 10% of your rehab budget.
3) InstaLend’s goal is to make sure your access to real estate investments is democratized.
Sponsors
HighLevel: The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies! Learn more at HighLevelFire.com!
Freedom Circle: A powerful community of entrepreneurs led by JLD! Are you ready to go from idea to income in 90-days? Visit Freedom-Circle.com to learn more.
Show Notes
**Click the time stamp to jump directly to that point in the episode.
Today’s Audio MASTERCLASS: How Saurabh Shah is Empowering Private Real Estate Loans For Investment Properties
[1:37] – Saurabh shares something he believes about becoming successful that most people disagree with.
- He believes that you do not have to have a perfect product to start your journey.
[2:22] – What is the origin story of InstaLend?
- InstaLend is a private lender for real estate investments.
- They are your one-stop-shop across the US for real estate investments.
[3:32] – Which states do you lend in?
- They are nationwide except in North and South Dakota.
[4:00] – What loan programs do you offer, and how can Fire Nation benefit from your programs?
- InstaLend finances for you and helps you acquire foreclosed, in an auction, or distressed properties and convert them into something profitable.
- Fix and Flip Loan – A short-term loan can finance up to 90% of your purchase and 100% of your rehab on a short-term 12-month loan.
- Single-Family Rental Loans, Multi-Family Bridge Loans, and Multi-Family Term Loans (Sorry! This link was active when this episode was first published in 2022. This site is no longer available.)
[5:59] – Saurabh shares the success stories of InstaLend.
- InstaLend helped with proof of funds for purchase qualification.
- InstaLend helped provide funds for the rehabilitation of the purchased property.
[9:50] – A timeout to thank our sponsors!
- HighLevel: The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies! Learn more at HighLevelFire.com!
- Freedom Circle: A powerful community of entrepreneurs led by JLD! Are you ready to go from idea to income in 90-days? Visit Freedom-Circle.com to learn more.
[12:28] – Saurabh talks about the mistakes people make when it comes to loans.
- A common mistake is most investors are under-budgeted for the rehabilitation of their property. You must always have a contingency fund – at least 10% of your rehab budget.
- The investors’ exit strategy, most come back for re-financing.
[14:50]- What documents do you request when underwriting a loan?
- Purchase Contract
- Rehab Budget
[15:44] – Saurabh’s parting piece of guidance.
- InstaLend’s goal is to make sure your access to real estate investments is democratized.
- InstaLend – Grow Your Real Estate Business! InstaLend is your private lending partner.
[17:36] – Thank you to our Sponsors!
- HighLevel: The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies! Learn more at HighLevelFire.com!
- Freedom Circle: A powerful community of entrepreneurs led by JLD! Are you ready to go from idea to income in 90-days? Visit Freedom-Circle.com to learn more.
Killer Resources!
1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!
2) Free Podcast Course: Learn from JLD how to create and launch your podcast!
3) Podcasters’ Paradise: The #1 podcasting community in the world!
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