173. AVOID These Kinds of Investments At All Costs!!! - Interview with Jon Schoeller

I know I say this every week, but you guys... I am PUMPED for you to hear this episode! If you don't know Jon Schoeller yet (aka @thefrugalinvestor) you are in for a treat today.

Jon's intro into real estate began after he sold his moving company, and started flipping houses with partners. After raising private money from other investors for nearly a hundred flips, he had saved up enough to be the private money lender (PML) on one of their own flips, and after seeing the returns on that, he was hooked.

Since then, Jon has funded over 150 loans, and currently has over two dozen loans out at any given time.

He takes us through:

- The exact questions he asks borrowers to vet them before investing funds

- What kind of returns he looks for

- What kinds of deals he avoids

- How borrowers can establish more trust with their lenders

- How to determine how much you can safely invest as a private money lender (PML)

If you are looking to either raise capital OR become a PML yourself, you will get so much value out of Jon's candid thoughts and years of experience!

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