We Answer the Groups Top Questions - Mastermind Q&A - #266

Apr 22, 2025

Explore the essential insurance policies private lenders need, from basic coverage to protecting against property insurance lapses. Discover strategies for building personal lender accounts while co-lending and learn about automated deposits and smart investments. Dive into the complexities of long-term debt and whether offering longer financing options makes sense for lenders. Packed with practical tips and insights, this discussion is a treasure trove for anyone in the hard money lending game.

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ADVICE

Insurance Strategies for Lenders

Use a knowledgeable insurance broker to handle your business and liability policies for private lending.
Consider forced-placed insurance through platforms like mortgagehazard.com to cover lapses in borrower insurance policies.

ADVICE

Building Your Investor Account

Build your personal lender account by regularly transferring money from your business account into your lending capital.
Treat lending as a long-term investment vehicle and minimize distributions to maximize growth.

ADVICE

Consistency in Lending Growth

Be consistent with reinvesting earnings into your lender accounts instead of fully taking distributions.
Use servicing fee accruals for quarterly deposits and tax payments to grow your lending capital steadily.

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We Answer the Groups Top Questions - Mastermind Q&A - #266

In this episode of the Private Lenders Podcast, Jason and Chris dive into some of the most frequently asked questions from the Hard Money Mastermind community.

✅ We kick things off with an in-depth conversation on insurance for private lenders—from basic liability coverage to force-placed policies and commercial general liability options. We break down what’s essential, what’s scalable, and what might be overkill depending on the size of your portfolio.

💼 Then, we shift gears to discuss building your personal lender account, even when you’re still working with co-lenders. We share the strategies we’ve used to consistently grow our own accounts—automated deposits, smart distributions, and how to view this business as your long-term investment vehicle.

📊 Lastly, we touch on a question about long-term debt on your balance sheet and whether or not it makes sense for private lenders to offer longer-term financing options.

If you're in the lending game or just getting started, this episode is packed with practical tips, real-world experience, and behind-the-scenes insights from running a hard money lending business.

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Are you a new or experienced private lender or hard money lender? Join Jason Balin and Chris Haddon from Hard Money Bankers as they draw from their extensive experience running a successful hard money lending company since 2007. Tune in weekly with episodes related to all aspects of private lending. From discovering lucrative loan opportunities to securing private capital, effectively managing your loan portfolio, handling defaults, and much more, we've got you covered.

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