If you think private lending is a shortcut to wealth, think again. In this eye-opening episode, Russ and Joey are joined by Liam Leonard, a seasoned investor, who shares his hard-learned lessons from navigating the complexities of private lending. From disastrous deals with unexpected pitfalls to redefining his investment strategy, Liam's candid stories are packed with wisdom.

Whether you're a seasoned lender or just considering private lending, this episode is a goldmine of practical advice to help you avoid costly mistakes. Don’t miss these valuable insights—listen now and learn how to lend smarter, not harder!

Top three things you will learn:

-Why relying on third-party reports without personal verification is a recipe for disaster

-The importance of setting strict investment parameters to avoid emotional or greedy decisions

-How a focused niche and relationship-driven approach transformed Liam's lending business

For more information about private lending, please listen to Episode 389: The Pros and Cons of Private Lending as a Passive Income Stream with Liam Leonard:

-https://www.wealthwithoutwallstreet.com/podcast/the-pros-and-cons-of-private-lending-as-a-passive-income-stream-with-liam-leonard

About Our Guest:

Liam Leonard is the leader and visionary for LIONSCOVE. He established LIONSCOVE to have a more significant impact in his community and free himself from the mental model that organizations make choices for you. Liam wanted to create something that didn’t necessitate being on the road all the time or tied to his phone. The family needed to come first, and that’s precisely the culture he has established at LIONSCOVE.

Liam has been involved in real estate lending for 5+ years and is responsible for originating hundreds of loans personally during that time. He is also an active real estate investor with a portfolio of projects spanning ground-up development projects, turnkey rentals, adult family homes, short-term rentals, and even international rentals.

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.