In this Real Estate Experiment podcast episode, host Ruben Kanya sits down with Anchor Loans' CEO Steve Pollack, who shares real estate investing advice, discusses Anchor's construction loans and describes how Steve’s core values stem from building relationships bigger than lending.
"Anchor Loans' 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." -Ruben Kanya
Podcast Summary
THE REAL ESTATE FOUNDATION
01:39 – Steve's background.
05:07 – How Anchor Loans started.
06:37 – What do you offer investors?
10:27 – Qualifications to partner with Anchor Loans.
13:44 – Managing the downsides of the business.
17:42 – Understanding construction loans.
21:34 – Construction loans process.
23:03 – How Anchor Loans operates
KEEPING IT REAL
25:26 – Biggest misconceptions investors have about working with lenders.
26:30 – Biggest mistakes investors make in real estate.
27:48 – Best advice received and willing to share with the community.
ANSWERS TO THE RAPID FIRE QUESTIONS:
29:32 – Favorite book?
Man's Search for Meaning by Viktor Frankl
30:08 – Daily habit that serves you best
Time management
31:45 – One 300 unit apartment building or three apartment buildings of 100 units?
Three apartment buildings of 100 units
32:32 – Self manage or outsource?
Outsource
32:56 – If you could 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's Search for Meaning by Viktor Frankl
NOTABLE QUOTES (key lessons)
"Believe in yourself"
CONNECT WITH STEVE POLLACK
Instagram: StevePollackCEO
Facebook: StevePollackCEO
LinkedIn: Stephen Pollack
Twitter: StevePollackCEO
Website: anchorloans.com
Click Here to Listen to the Real Estate Experiment Podcast with Steve Pollack
