Meet My Lender - Shawn
What's up Jump In Nation! We've got a special edition of #JumpIn Stories today, where I get the opportunity to interview a KEY member of my team. Shawn Huss from Chemical Bank is my lender and he's been instrumental in funding my investments in Indianapolis.
I met Shawn through a referral while I was in Indianapolis on a market research trip and his team has provided a seamless experience throughout the years.
Here we go! Introducing, Shawn.
Shawn, tell us a little about yourself.
I have been in the mortgage business for 25+ years. I graduated from Miami of Ohio with an Accounting degree. I have been married for 20 years with 2 dogs and no tax write offs! I enjoy traveling and playing sports competitively.
How did you get into the mortgage industry?
I got into the mortgage industry out of college as I had a sibling in the industry at the time. We still both work together for the same company doing mortgage loans.
How long have you been in the lending business?
I have been doing mortgage lending since 1993….26 years. I have been recognized as being ranked in the top 1% of ALL lenders in the country for the past 18 years. I have closed over $1.8B in loans over my 26 years.
What’s the most important thing investors need to know about using leverage to fund an investment property?
By using a mortgage to purchase investment property, this frees up your assets to purchase more properties to create additional income streams.
What are some things investors overlook when it comes to using leverage?
Many investors think owing the property free and clear is the best practice. I will joke with clients that they are 100% financed if they own the property free and clear as their assets are tied up in the property. If they were to get the equity out of the property, they could possible buy 2 or 3 more properties and increase their monthly cash flow.
What do you pride yourself in as a Mortgage Loan Officer?
I take pride in customer service and in educating each buyer about the process and educating them on the advantages of using a mortgage to build their real estate portfolio. If I do the right things upfront for my client, they will come back to get a mortgage on their next property.
Describe a moment when you went above and beyond for a client.
We like to think we go above and beyond for every client. We enjoy being creative in helping those get mortgages that do not think they can get mortgages. I had one client that was not working, had their assets with their spouse, no credit, and we were able to help them get 8 mortgages using the leverage of the rents on the subject properties.
What are some of your long-term goals?
I just want to continue to provide a high level of customer service to all clients and continue to educate them on how to maximize their real estate portfolio. I have an excellent team behind me as we close 50 to 60 investor loans a month all over the country.
What’s your greatest piece of real estate advice?
Create a team of professionals that you can trust to have your best interest at heart and to be on YOUR TEAM! Especially in the investor world where you might not be in the same city as your investment, you need to have the confidence that issues will be taken care of. On the lender side, you need to have somebody knowledgeable in the investor world to make sure you are being educated on how to maximize mortgage loans to build a real estate portfolio.
How can people contact you if they have any questions or want more information about your services?
They can go to ShawnHuss.com which would take them to my Chemical Bank website where they can APPLY ONLINE or email or call me with any questions.
And there you have it folks! Check out these key takeaways: