EP23 Dan Feinman – From Single Family Investor to Hard Money Lender and Note Buyer

 

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200186_10100099283387141_2718204_nDan Feinman went from Wall Street to Florida real estate investor. The stark differences in value between the New York and Florida real estate markets allowed Dan to recognize a real opportunity in front of him with property in Florida. In between, he managed to travel the world and marry , settling in the Tampa area and starting a family.

His entrance in to the world of single family investing was during the worst economic crisis in a lifetime. The downturn, however, did not hurt him or slow his progress. The dire economic situation allowed him to sharpen his skills and emerge stronger.  It allowed (or forced him) to be nimble and open-minded about how to make money in the business…teaching him lessons that will serve him throughout his career.    Dan used savings and savvy investment techniques to purchase his first investment properties.   He experimented with buy and hold, rehab and flipping and then taught himself how to lend to investors just like him.  We hope you enjoy Dan’s discussion of his journey.

Topics Discussed on the show…

–  Advantages of hard money 

–  Key factors to look at when purchasing an investment property

–  Keys to creating more equity

–  Building relationships with banks and other local lenders

–  Techniques for first time buyers

–  Strategies Dan uses to find good investment opportunities

–  Hard money Loans defined and dissected

–  Strategies in obtaining a hard money loan

Interesting Quotes from the show

“You have to love talking about real estate.“ –Dan Feinman

“You learn something new with every house flip that you do.” –Dan Feinman

“You have to do what you love.” –Dan Feinman

“The key to creating more equity is relationships” – Dan Feinman

“Fine the borderline of where a neighborhood is changing. You will find value there.”

Dan’s Favorite spot to hang out

The Hideaway Café in St. Petersburg, FL

Contact Information

646- 320 7997

Dfeinman1@aol.com

 

Dan’s final piece of advice

Learn by doing and go ahead and take the plunge.

 

 

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