Bryce: We’re thrilled to have Marty Chera joining us today! Can you introduce yourself? Share your background and give us your elevator pitch, then we’ll dive into some questions about hard money. Marty: Absolutely! I’m Martin, the general manager, and I’ve been in lending for about 13 years. I started as a loan broker with […]
The Journey from Broker to Direct Lender (Insights from Marty Chera)
How to Build a Lending Business and Say Goodbye to the 9-to-5 with Loren Wornette
Bryce Today, I’m very excited because we have Mr. Loren Warnette. Before we get started, I have to say: is this not the most amazing community you’ve ever been a part of? Every lender I talk to is so willing to chat, hop on a call, and share what’s working for them wether it is […]
How to Raise More Capital for your Hard or Private Lending Business
In our discussion about raising capital for a hard money lending business, we’ll address the significant challenges many people, myself included, encounter in this capital-intensive field. I’ll share some of the successful strategies I’ve employed, including a few unconventional methods, to help navigate this crucial aspect of the business. Friends & Family First and […]
Running a $25M Lending Portfolio with Owen Dashner of Liquid Lending Solutions
Bryce: We are talking with Owen Daschner from Liquid Lending Solutions. Owen and I met on a random thread on Reddit, and since then we’ve hopped on a couple of different calls. He’s taught me lots of things and given me plenty of tips and tricks. So, I just have to say, Owen is […]
Which is the Best Lending Model for You?
In our industry, there’s two main lending models that I see frequently: One is called the Direct Placement model. It also has a couple other names such as “trust deed investment”, “co-lending” or “fractionalized notes”. There is also the Fund model. Often times, lenders have a hard time knowing which is the best lending model […]
Why We Don’t Negotiate on Loan Terms as a Hard Money Lender
Here’s a quick tip that I learned in my lending business. I learned the hard way that you should never negotiate on your loan terms. By sticking to our guns, it has helped us systematize the way that we do things. It has also increased profit in general, which is a win-win all around. This […]
How to Start a Fund for FREE
Ever since discovering this information for myself, I’ve had a lot of people request to learn the process. Today, I’m excited to share how to setup a fund completely for free, because it could save you a significant amount of money—potentially around $40,000. A lot of people think setting up a fund is a […]
How to Make $250k THIS YEAR as a New Lender
It’s easier than you might think to make $250,000 per year as a hard or private money lender. Today, we’re breaking down how you can do this as a new (or experienced) hard money lender. A lot of you might be thinking, “Yikes! That seems impossible.” It’s easier to obtain than you would think. I […]
Top 7 Mistakes New Hard Money Lenders Make
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 […]
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 […]