These are some common real estate investment mistakes that I wish someone else had taught me as a new hard money lender. For the most part, these are common knowledge, but others are a little bit less common. 1.) Inadequate Due Diligence The number one mistake that I see is inadequate due diligence. Most […]
Top 7 Mistakes New Hard Money Lenders Make
9 min read
Should Lenders Collect Monthly Payments?
This is a pretty controversial topic in the lending industry, whether you should or should not charge your borrowers monthly payments. I personally choose not to. I get a lot of heat from doing so. Let’s cover some of the the pros and the cons from charging monthly payments to your borrowers as a […]
9 min read
Most Lenders Miss This Important Metric
In the real estate world, everybody talks about ROI. Everybody wants a return on their investment, right? You put some money in, you want to get some money out. That’s the fundamentals of investing. But what about your equity? The thing that a lot of people don’t talk about is ROE, which is return […]
5 min read
Why Private Lending is the BEST Business Model
I’ve been an entrepreneur my entire life. Ever since I was a kid selling candy on the playground, I’ve always had that hustler attitude. I’ve started all kinds of businesses over the years – some succeeded and some failed miserably. With each and every project, I feel I get wiser and make fewer mistakes. […]
6 min read
I Sold All My Rentals to Become a Hard Money Lender
If you had asked me five years ago whether or not I’d be selling all my rental properties, I would’ve called you crazy. But hindsight is always 20/20, right? Like many young and aspiring real estate investors, I had a plan. All I wanted was to replace my 9-5 salary entirely with passive income […]
9 min read