<p>On today’s show we are talking about the importance of conservative underwriting. </p>
<p>Lenders are not business people. They are not real estate developers. They don’t know how to manage risk in a complete sense. </p>
<p>Then the lender changed the rules. The impact to our projects was negligible. What did we do that insulated us from the impact? We were more conservative. But just saying more conservative doesn't provide much insight. What did we do specifically? </p>
<p>---------------</p>
<p>**Real Estate Espresso Podcast:**<br /> Spotify: [The Real Estate Espresso Podcast](<a href="https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1" target="_blank" rel="ugc noopener noreferrer">https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1</a>) <br /> iTunes: [The Real Estate Espresso Podcast](<a href="https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613" target="_blank" rel="ugc noopener noreferrer">https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613</a>) <br /> Website: [<a href="http://www.victorjm.com/" target="_blank" rel="ugc noopener noreferrer">www.victorjm.com</a>](<a href="http://www.victorjm.com/" target="_blank" rel="ugc noopener noreferrer">http://www.victorjm.com</a>) <br /> LinkedIn: [Victor Menasce](<a href="http://www.linkedin.com/in/vmenasce" target="_blank" rel="ugc noopener noreferrer">http://www.linkedin.com/in/vmenasce</a>) <br /> YouTube: [The Real Estate Espresso Podcast](<a href="http://www.youtube.com/@victorjmenasce6734" target="_blank" rel="ugc noopener noreferrer">http://www.youtube.com/@victorjmenasce6734</a>) <br /> Facebook: [<a href="http://www.facebook.com/realestateespresso%5D(http://www.facebook.com/realestateespresso)" target="_blank" rel="ugc noopener noreferrer">www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)</a> <br /> Email: [<a href="mailto:[email protected]" target="_blank" rel="ugc noopener noreferrer">[email protected]</a>](mailto:<a href="mailto:[email protected]" target="_blank" rel="ugc noopener noreferrer">[email protected]</a>) <br />**Y Street Capital:**<br /> Website: [<a href="http://www.ystreetcapital.com/" target="_blank" rel="ugc noopener noreferrer">www.ystreetcapital.com</a>](<a href="http://www.ystreetcapital.com/" target="_blank" rel="ugc noopener noreferrer">http://www.ystreetcapital.com</a>) <br /> Facebook: [<a href="http://www.facebook.com/YStreetCapital%5D(https://www.facebook.com/YStreetCapital)" target="_blank" rel="ugc noopener noreferrer">www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)</a> <br /> Instagram: [@ystreetcapital](<a href="http://www.instagram.com/ystreetcapital" target="_blank" rel="ugc noopener noreferrer">http://www.instagram.com/ystreetcapital</a>) <br /></p>
<p><br /></p>
![<p>On today’s show we are talking about the importance of conservative underwriting. </p>
<p>Lenders are not business people. They are not real estate developers. They don’t know how to manage risk in a complete sense. </p>
<p>Then the lender changed the rules. The impact to our projects was negligible. What did we do that insulated us from the impact? We were more conservative. But just saying more conservative doesn't provide much insight. What did we do specifically? </p>
<p>---------------</p>
<p>**Real Estate Espresso Podcast:**<br /> Spotify: [The Real Estate Espresso Podcast](<a href="https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1" target="_blank" rel="ugc noopener noreferrer">https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1</a>) <br /> iTunes: [The Real Estate Espresso Podcast](<a href="https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613" target="_blank" rel="ugc noopener noreferrer">https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613</a>) <br /> Website: [<a href="http://www.victorjm.com/" target="_blank" rel="ugc noopener noreferrer">www.victorjm.com</a>](<a href="http://www.victorjm.com/" target="_blank" rel="ugc noopener noreferrer">http://www.victorjm.com</a>) <br /> LinkedIn: [Victor Menasce](<a href="http://www.linkedin.com/in/vmenasce" target="_blank" rel="ugc noopener noreferrer">http://www.linkedin.com/in/vmenasce</a>) <br /> YouTube: [The Real Estate Espresso Podcast](<a href="http://www.youtube.com/@victorjmenasce6734" target="_blank" rel="ugc noopener noreferrer">http://www.youtube.com/@victorjmenasce6734</a>) <br /> Facebook: [<a href="http://www.facebook.com/realestateespresso%5D(http://www.facebook.com/realestateespresso)" target="_blank" rel="ugc noopener noreferrer">www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)</a> <br /> Email: [<a href="mailto:podcast@victorjm.com" target="_blank" rel="ugc noopener noreferrer">podcast@victorjm.com</a>](mailto:<a href="mailto:podcast@victorjm.com" target="_blank" rel="ugc noopener noreferrer">podcast@victorjm.com</a>) <br />**Y Street Capital:**<br /> Website: [<a href="http://www.ystreetcapital.com/" target="_blank" rel="ugc noopener noreferrer">www.ystreetcapital.com</a>](<a href="http://www.ystreetcapital.com/" target="_blank" rel="ugc noopener noreferrer">http://www.ystreetcapital.com</a>) <br /> Facebook: [<a href="http://www.facebook.com/YStreetCapital%5D(https://www.facebook.com/YStreetCapital)" target="_blank" rel="ugc noopener noreferrer">www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)</a> <br /> Instagram: [@ystreetcapital](<a href="http://www.instagram.com/ystreetcapital" target="_blank" rel="ugc noopener noreferrer">http://www.instagram.com/ystreetcapital</a>) <br /></p>
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