My guest today is Aaron Chapman, the loan officer and loan originator for the Security National Mortgage Company. Aaron specializes in investor real estate deals. He began his career doing purchase loans for owner-occupied properties. However, one discussion in the early 2000s changed the direction Aaron went moving forward. He explains why he likes working with investors and how the market is affected by investor deals.
Aaron is also a rescue worker for his local sheriff office in Arizona. We kick off our interview by exploring why Aaron decided to get involved with rescue training. His answer is very telling as to the kind of man he is. Aaron is a fellow member of the Collective Genius Mastermind group and he offers some smart observations of the current market. Tune in for this value-packed episode!
00:00 — Introduction to the Big Mike Fund Podcast.
00:28 — Welcome Aaron Chapman to the podcast.
01:36 — Aaron’s work with his local sheriff department. The event that started it all.
04:28 — Why everybody can give back to their community.
05:50 — The state of the mortgage industry.
07:48 — The difference between purchasing loans for owners versus purchasing loans for investors.
11:00 — Where the loans come from.
11:20 — The huge opportunities in Aaron’s real estate space.
11:43 — The standard limits banks put on investor involved property deals.
12:00 — Aaron’s company’s approach to loan agreements.
13:00 — The minimum amount Security National Mortgage can give for a loan.
13:52 — America’s system and regulations regarding real estate development loans.
18:54 — Why Fannie Mae and Freddie Mac are missing a big opportunity in Aaron’s space.
19:23 — The importance of Fannie Mae and Freddie Mac to the current real estate market.
21:28 — Aaron’s predictions for interest rates.
25:00 — Mike’s opinion of Aaron’s prediction.
26:58 — The reduction of real estate inventory and what that means for the market.
30:00 — Aaron’s observations about the new construction trend.
33:34 — Aaron’s book recommendations.
35:00 — The importance of being grateful for your business and life.
43:40 — Aaron’s contact information.
44:33 — Outro to the Big Mike Fund Podcast.