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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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Ever wonder why your payoff amount is higher than you expected, even when you close on time? The truth is, most borrowers and lenders are getting hit with hidden fees they don’t even know exist. Closing companies are quietly padding the bill, and it’s costing investors thousands in unnecessary interest.
In this episode, Rich Lennon exposes how closing companies’ internal mistakes and slow processes end up costing you real money, and what you can do to stop it. If you’re a lender, flipper, or real estate investor, this conversation could easily save you $1,500 or more on your next deal. Don’t miss this one, it’s time to reclaim your power and your profits.
You’ll Learn How To:
- Spot the hidden costs that closing companies never disclose
- Avoid unnecessary interest charges that eat into your profits
- Ask the right questions before closing to protect yourself
- Understand how wiring delays and overnight checks quietly cost you money
- Choose title companies that prioritize your money, not their convenience
Who This Episode Is For:
- Real estate investors and private lenders are tired of surprise closing costs
- House flippers frustrated with delayed fund transfers
- Anyone looking to protect their returns and take control of the closing process
Why You Should Listen:
Most investors lose money not because of bad deals, but because of small, hidden costs they don’t even notice. This episode reveals how to prevent that, giving you the clarity, confidence, and tools to make sure every dollar you earn actually ends up in your account.
What You’ll Learn in This Episode:
[00:00] Why hidden title company fees are quietly draining your profits
[02:00] How delayed wires and overnight checks add costly interest days
[05:00] The importance of asking payoff-through-date questions
[07:00] Why most title companies don’t trust their own wire process
[09:00] The $1,500 mistake that borrowers and lenders keep repeating
[10:00] How to protect yourself and choose the right closing partners
Follow Rich Lennon here:
Website: https://richlennon.com/
Facebook: https://www.facebook.com/rich.lennon.121
Instagram: https://www.instagram.com/richlennon92/
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