S3 Ep 6#: Understanding FHA vs. Conventional Loans: A Guide for Homebuyers and Investors with Alex Turner
Release Date: 05/15/2024
S3 Ep 19#: A Deep Dive Into Land Flipping with Jack Bosch
Real Estate Mentor
👉In this episode of the Real Estate Mentor Podcast, host Jonathan Klunk chats with Jack Bosch, a pioneer in the land flipping industry. Jack, originally from Germany, shares his journey from arriving in the U.S. with two suitcases and student loan debt to building Orbit Investments, now one of the largest land investment and auction companies in the U.S. The discussion covers Jack's innovative land flipping strategies, how he and his wife Michelle navigate the real estate market, and the evolution of their multifaceted real estate business. Jack also provides valuable insights on the...
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S3 Ep 18#: Hospitality First: Mastering Short-Term Rentals with Eric Moeller
Real Estate Mentor
📌Make sure to check out the book discussed in this episode “Unreasonable Hospitality” 👉In this episode of the Real Estate Mentor Podcast, host Jonathan Klunk delves into the multifaceted journey of Eric Moeller, an authority in the short-term rental market with 18 years of experience. The discussion spans Eric's transition from couch surfing and early Airbnb exploration to founding his boutique hotel brand, Key themes include optimizing short-term rental investments, integrating hospitality with real estate, and the significant shift towards creating intentional and...
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S3 Ep 17#: From U.S. Marine to Real Estate Investor: The Road to Passive Income w/ William Parmer
Real Estate Mentor
📌Check out the export coaching offer from William here: 👉In this episode of the Real Estate Mentor Podcast, host Jonathan Klunk sits down with William Parmer, a dynamic real estate investor and coach for Master Passive Income. William shares his inspiring journey from a U.S. Marine and law enforcement officer to a successful real estate entrepreneur. He discusses his expertise in creating passive income through strategic investments, particularly in mobile home parks and short-term rentals. William offers valuable insights into finding and managing real estate deals, the importance of...
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S3 Ep 16#: Revolutionizing Homeownership: Fractional Real Estate Investing with Frank Rohde
Real Estate Mentor
S3 Ep 16#: Revolutionizing Homeownership: Fractional Real Estate Investing with Frank Rohde 📌Make sure to check out Ownify 👉 In this episode of the Real Estate Mentor Podcast, hosted by Jonathan, guest Frank Rohde, founder and CEO of Ownify, introduces the innovative concept of fractional real estate investing. The discussion covers how Ownify's model allows first-time homebuyers to purchase homes 'brick by brick,' thereby making homeownership more accessible without the need for large down payments. Rohde explains the benefits of this model for both homebuyers and investors,...
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S3 Ep 15#: Harnessing Psychology for Real Estate Success with Dr. Alan Lomax
Real Estate Mentor
📌Make sure to check out 👉 In this episode of the Real Estate Mentor Podcast, host Jonathan Klunk interviews Dr. Allen Lomax, a seasoned investor and thought leader with over three decades of experience in personal and organizational growth. Dr. Lomax brings a unique perspective on the intersection of psychology and real estate investing. He shares his journey of overcoming personal challenges, financial crises, and finding his authentic self. This episode delves into the importance of understanding core values, visions, and the psychological components of decision-making in real estate...
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S3 Ep 14#: Unlocking the Secrets of Real Estate Appraisals with Jason Ferris
Real Estate Mentor
👉 In this episode of the Real Estate Mentor Podcast, host Jonathan Klunk dives deep into the world of appraisals with distinguished real estate appraiser Jason Ferris from Louisville, Kentucky. The discussion revolves around the critical role of appraisals in real estate transactions, combining art and science to offer educated analysis. Key insights include the interplay between market trends and property valuations, strategies for homeowners to maximize investment returns, as well as tips for flippers and multifamily investors. The episode underscores the importance of maintaining...
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S3 Ep 13#: Mastering Short Term Rentals: Insights from Top Real Estate Experts Tyler Coon & Justin Reid
Real Estate Mentor
📌Make sure to check out Savvy Realty @ 👉In this episode of the Real Estate Mentor Podcast, Jonathan Klunk brings together two industry experts, Tyler Coon from Savvy Realty and Justin Reid, a seasoned short-term rental host, to discuss the nuances of investing in and managing short-term rental properties, particularly out-of-state investments. They delve into strategies for successful property management, the importance of market-specific knowledge, and emerging trends in the vacation rental space. Offering practical advice on everything from financing options to creating appealing...
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S3 Ep 12#: Passive Income Myths and Real Estate Realities w/ Ginger Faith
Real Estate Mentor
📌Make sure to check out the Women’s Wealth Network 👉In this enlightening episode of the Real Estate Mentor Podcast, Jonathan interviews Ginger Faith, a trailblazer in the real estate industry with over three decades of experience. Ginger shares her journey as a seasoned investor, broker, and builder, highlighting her achievements including flipping over 52 houses and becoming an Airbnb superhost. She discusses the challenges and dynamics faced by women in a male-dominated field, emphasizes the importance of education and mentorship, and explains why passive income is a myth,...
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S3 Ep 11#: Thriving in NYC's Competitive Real Estate Market with Kelly Robinson
Real Estate Mentor
📌Make sure to check out Kelly via her Instagram @kellymindshermanors 👉In this episode of the Real Estate Mentor Podcast, host Jonathan Klunk interviews Kelly Robinson, a top-performing real estate broker and founder of One Global Advisory Team at Compass. Kelly shares her journey, insights, and strategies for excelling in the competitive New York City market. Key topics include the importance of collaboration over competition, effective property rebranding techniques, and the evolving real estate landscape in NYC. Additionally, Kelly discusses the role of international real...
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S3 Ep 10#: Maximizing Short-Term Rental Success: Level Up Your Airbnb Game w/ Tony Robinson
Real Estate Mentor
📌Check out Tony’s IG and his new real estateventure Ready to level up your Airbnb game? In this episode of the Real Estate Mentor Podcast, host Jonathan Klunk interviews Tony Robinson from the Tony shares his journey from being laid off to building a multimillion-dollar real estate portfolio, primarily in short-term rentals. The conversation covers strategies for identifying lucrative short-term rental markets, the importance of understanding investor motivations, and how to evaluate market health. Tony also discusses how to scale a real estate business by leveraging partnerships...
info_outlineIn this episode of the Real Estate Mentor Podcast, host Jonathan Klunk and guest Alex Turner, a loan officer at Interlinc Mortgage, explore the differences between FHA and conventional loans.
They discuss key considerations for choosing the right loan type, including credit score requirements, debt to income ratios, appraisal differences, mortgage insurance, and more.
The episode also highlights how FHA loans often offer better terms for those with lower credit scores or who are first-time homebuyers, while conventional loans may be more beneficial for those with higher credit scores due to lower mortgage insurance rates.
Additionally, they touch on investment opportunities and strategies for both loan types, including the advantages of house hacking with FHA loans. The episode provides practical advice for buyers at different stages of homeownership and investment to help them make informed decisions tailored to their financial situations.
(02:23) Credit Score Considerations for FHA and Conventional Loans
(04:22) Understanding First Time Homebuyer Definitions
(05:58) Debt to Income Ratio: A Key Factor in Loan Qualification
(11:58) Mortgage Insurance: FHA vs. Conventional
(14:20) Interest Rates: FHA Loans Often Offer Lower Rates
(15:41) Real Estate Investing: FHA and Conventional Loan Options
(19:57) Comparing Monthly Payments: FHA vs. Conventional for Different Credit Scores
(28:11) Removing Mortgage Insurance: Tips for Conventional Loan Holders
(30:21) Closing Thoughts and Contact Information
Reach out to Alex Turner
Email: [email protected]
Phone: 812-461-8213
Website: https://interlincmortgage.com/alex-turner
Personal Facebook: https://www.facebook.com/AlexLeonTurnerBusiness Facebook Page: https://www.facebook.com/alexturnermortgage
Instagram: Alex Turner (@alexlovesmortgages)
More about Alex Turner
Alex Turner with Interlinc Mortgage is a seasoned and dedicated loan officer with over 5 years of experience in the mortgage lending industry. His expertise extends across various loan types, including conventional, FHA, VA, and USDA mortgages. Alex takes pride in guiding his clients through every step of the loan process, ensuring transparency and clarity at each stage. Whether it's a first-time homebuyer, a seasoned investor, or a small business owner, Alex is committed to finding the best financing options tailored to his clients' unique needs and financial situations. With his expertise, integrity, and unwavering dedication to client satisfaction, Alex Turner is the trusted partner homebuyer’s can turn to for their lending needs.