EP2005 - How lending money works with Derek Dombeck
As a successful investor, Derek Dombeck has surfed the ups and downs of the market since 2003. Derek’s expertise ranges from creative deal structuring, wholesaling, flipping, and land-lording, to lending and investing throughout the years. He has been involved in thousands of transactions in his career, and what sets him apart is his love for people and their success.
Derek has an uncanny gift for problem-solving and negotiating; and he enjoys using his gifts and knowledge to help people out, sometimes when they have nowhere else to turn. He puts together creative solutions for sellers that few other investors can, and with his team’s support, they always deliver.
Derek co-owns a private lending company called Best REI Funding, a real estate acquisition company, and hosts three national mastermind groups called REI Circle of Trust. They also run annual advanced strategies and networking events for real estate investors called Generations of Wealth Voyage (gowvoyage.com). Derek is dedicated to giving back to his community. He founded and ran the Central Wisconsin Real Estate Investors Association and later merged with WiscoREIA, based out of Wausau Wisconsin. There he coaches and teaches other real estate investors his keys to success.
Derek has been married for 20 years, and he jokes that he “married up.” He and his wife have a unique family, with three children from different backgrounds. They avidly help other couples who are struggling through the conception/adoption process. Derek’s family loves to travel and experience new things. An adrenaline junkie at heart who grew up racing stock cars and sky diving now enjoys hunting, fishing, and camping...and watching the bucking bulls they own at rodeos.
In this episode, Derek will talk about REI Funding and share his experiences and how it will help your business.
Key Takeaways
- Learn about how lending money works
- Understand the long-term financing
- How to handle borrowers and keep a good relationship
