A Conversation with Stephanie Casper, both a Real Estate Lending Executive and Real Estate Investor
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About Stephanie Casper: Chief Revenue Officer Stephanie leads the Sales and Marketing teams at Kiavi. She has been a lender to residential investors since 2015 when she joined CoreVest Finance as Head of Bridge Lending. In that role, Stephanie worked directly with customers to develop additional loan products to meet the changing needs of the residential investor.
She has a B.S. from The Hotel School at Cornell University, and an MBA from UNC Chapel Hill. Stephanie is a fellow investor in the SFR space with a small portfolio of rentals. She caught the residential investment bug from watching her grandfather pick up investment properties over his lifetime, and plans to continue to follow in his footsteps.
In this episode Adam and Stephanie discuss:
- Who Kiavi lends to for residential investments
- The demand for owning rental properties
- Making investment decisions
- Top tips for accessing capital in real estate
- Scaling a business with single family
Key Takeaways:
- As a nationwide lender, Kiavi's customers tend to fall into three categories based on their size and size of investment: hobbyists or people just getting into investing for the first time, flippers or owners of rental portfolios, and people who invest in residential properties as business.
- A steady cash flow and preservation of capital meet an investor's kind of return threshold or return hurdle and that's why there is this sort of interest in owning rentals because the fundamentals of economics and demographics support it.
- Look at the math when buying and holding rentals - it shouldn't be an emotional buy. Get a sense of what the top line of the property's revenues will be, make sure the rent is met, and do some research.
- It is now possible for investors to find financing from a variety of lenders. If you are considering buying a property or if you know someone who owns or invests in real estate, ask around. Real estate investors love to share their stories and success with others.
- Having the right expertise and people around you, even if you don't have direct experience, and having realistic expectations on how long it takes makes a business with a single family scalable and can leverage that durable capital.
“Figure out your risk tolerance and threshold related to leverage and understand that it doesn't always make sense to be at 100% leverage.” – Stephanie Casper
Connect with Stephanie Casper:
Website: https://www.kiavi.com/
LinkedIn: https://www.linkedin.com/in/stephanie-neild-casper-7319517/
Connect with Adam J. Weber:
Website: https://www.weberrealestateadvisors.com/
Email: adam@weberrealestateadvisors.com
Show notes by Podcastologist: Angelica Rayco
Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.
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