Ep. 06 Jared Shore from Mamba Mortgage

Jared shares his journey in the lending industry, discussing how he started with retail refinance and eventually shifted focus to investor-centric lending. He highlights the evolution of his career, leading to the establishment of Mamba Mortgage. The conversation delves into various aspects of real estate lending, including the impact of COVID-19 on the market, the transition from conventional heavy markets to DSCR (Debt Service Coverage Ratio) markets, and the intricacies of different loan types like hard money, conventional, FHA, VA, and DSCR loans.

Key insights include the significance of credit scores, the importance of cash liquidity for investors, and the nuances of qualification criteria for different loan types. Jared also discusses the changing landscape of the lending market post-COVID-19, emphasizing the need for investors to adapt to market changes.

The episode further explores trends in the lending industry, with Jared providing an overview of the current state of interest rates and how they influence investor decisions. He advises prospective investors to enter the market sooner rather than later, anticipating a competitive seller market in the near future.

Towards the end of the episode, Jared offers practical advice for new investors, stressing the importance of assembling a reliable team and being financially prepared before seeking financing. He underscores the power of a pre-approval letter in real estate transactions and encourages viewers to contact him via text or email for lending services.

The episode concludes with a lighter note on Jared's top bourbon picks, showcasing his personal preferences and experiences with different bourbon brands.

Overall, this episode provides valuable insights into real estate lending, offering both practical advice for investors and a deeper understanding of the current market dynamics.