Welcome back to Raising the Flipping Bar! In this exciting Part 2 of our interview with Jake Rome, co-founder of Backflip, we dive deeper into how real estate investors can leverage institutional capital to scale their business. If you missed Part 1, be sure to listen to it for foundational insights.
In this episode, we explore the advantages of institutional funding, and Jake shares the key strategies Backflip uses to stay ahead in the competitive real estate market.
6 Key Lessons You'll Walk Away With:
1. Maximize Your Deals: Learn how leveraging institutional capital can help you scale faster by allowing more deals at once, even with limited personal capital.
2. Reduce Risk with Data-Driven Lending: Jake explains how data and institutional capital minimize risk and lower interest rates for flippers.
3. Optimize Your Capital Stack: Discover why structuring a diversified capital stack is crucial for long-term growth and profitability.
4. Take Advantage of New Loan Products: Backflip’s innovative products, like the Zero Gravity Loan (deferred payments), are designed to ease cash flow challenges during construction.
5. Speed Matters: The importance of fast draws and same-day funding for scaling your real estate business.
6. Build Strong Partnerships: How fostering relationships with lenders and other partners can save you time and money, as exemplified in a customer success story shared by Derek.
Don’t forget to subscribe, leave a review, and share this episode with your network. Every review helps us reach more aspiring investors like you. Stay tuned for more actionable insights in our upcoming episodes!
References:
Connect with Jake Rome:
https://www.linkedin.com/in/jakerome/
https://backflip.app.link/Elevation
Our Podcast Sponsor - Backflip https://backflip.com/
Join Backflip and be ready for your next fix and flip!
https://backflip.app.link/Elevation
Connect with Derek Marlin and ELEVATION!
Derek on LinkedIn: http://www.linkedin.com/in/derekmarlin
ELEVATION’s website: https://elevationinvest.com/
ELEVATION on LinkedIn: https://www.linkedin.com/company/elevationinvestmentproperties
ELEVATION on Instagram: https://www.instagram.com/elevationinvest/
ELEVATION on Facebook: https://www.facebook.com/elevationinvestmentproperties
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