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 […]
Why We Don’t Negotiate on Loan Terms as a Hard Money Lender
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 […]
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 […]
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. […]
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 […]