Using Commercial Loans to BRRRR for Faster, Infinite Returns | Jon Fulp

Real Estate Investing For Freedom

In this episode, Dalyn Hazell sits down with Jon Fulp to discuss commercial banking for your BRRRR deals. Financing those deals, refinancing out of your BRRRR properties to get the maximum cash flow, and the maximum amount out of your deal so you can keep repeating that process for that long-term wealth.

Jon Fulp was born and raised in Springfield, Missouri. He graduated from Glendale High School in 2010 and then went on to play golf at Drury University where he later graduated in 2014 with a bachelor’s degree in finance. After his undergraduate, Jon then went on to be a Graduate Assistant for the Missouri State University College of Business and earned his Master’s in Business Administration. Upon graduating from MSU, Jon started his banking career as a Credit Analyst at Springfield First Community Bank. After 18 months of doing credit analysis, he was promoted to be an Assistant Vice President of Commercial Lending. In 2020, Jon moved from Springfield First Community Bank to Central Bank of the Ozarks where he is now an Assistant Vice President of Commercial Lending and manages a commercial loan portfolio of $60 million.

Key takeaways from this episode:

• The basics behind commercial lending, and how it differs from traditional lending.
• The terms and interest rates of one to four units in commercial lending.
• Commercial lending versus Consumer lending.
• The advantages and disadvantages of loans.
• House Hacking is a great wealth-building tool.
• The lender’s job can be made easy.
• Relationships and open communication with your banker are very important.

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Connect with Guest, Jon Fulp:

Website: https://www.centralbank.net/ozarks/

Phone Number: [phone] and 417-848-9777

LinkedIn: https://www.linkedin.com/in/jon-fulp-924b1833

Connect with the Host, Dalyn Hazell:

Facebook: https://www.facebook.com/dalyn.hazell/

Instagram: https://www.instagram.com/dhazell24/

Email: [e-mail]