Business
Our guest for this episode is Derrick Barker, the CEO, and co-founder at Nectar. Nectar is a specialized platform that offers financing based on cash flow to real estate entrepreneurs, investors, managers, and hosts alike. They give investors an advance based on their existing cash flow, allowing them to access capital without incurring debt or diluting their equity. Derrick has been in the finance industry since he left university and is a serial entrepreneur who started his first successful venture as a freshman at Harvard. His real estate career began with single-family properties, and from there grew his portfolio. His experience dealing with the capital-intensive real estate investing venture led him to help found Nectar. Tune in as we talk about this unique financing option worth checking out for your short-term rental investments and some more insights into the industry! Key Takeaways: [01:17] Introducing Derrick Barker and Nectar [07:15] How Nectar differs from other types of financing [09:34] How Nectar can ensure landing a deal in six to ten days [11:20] How Nectar’s financing works: (1) for purchasing property, (2) hands-off method, (3) borrowing across a portfolio, (4) setting terms and securing repayment, and (5) their ideal client [25:11] Nectar for short-term rental managers [28:27] Great places to invest or buy short-term rentals [33:18] Derrick’s forecast for the short-term rental space [37:34] Advice for people who want to get into short-term rentals [40:39] How to connect and borrow from Nectar [41:16] Outro Guest Links: Nectar Website: https://www.usenectar.com/ Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals