The Game with Alex Hormozi Make $3000 A Day With Hard Money Lending | Ep 342
Nov 2, 2021
Dive into the world of hard money lending and discover how it can yield impressive profits, like a $2.5 million deal that Alex breaks down. Trust emerges as a crucial currency in business relationships, underpinning success and ethical partnerships. The lessons learned from both triumphs and challenges are invaluable, emphasizing the significance of community among trusted allies. Get ready for insight that could reshape your approach to investing!
AI Snips
Chapters
Transcript
Episode notes
Hard Money Lending
- Alex Hormozi recommends hard money lending because you control the deal structure.
- This allows you to manage upside and downside, mitigating risk, unlike lottery tickets.
Memphis Investment
- Alex Hormozi invested $2.5 million in a 334-unit building in Memphis.
- Despite the building being condemned, offers between $5 million and $5.6 million existed, mitigating risk.
Payment Terms
- The payment terms included 4% monthly interest, doubling after four months.
- A two-month minimum carry ensured at least $200,000 return, regardless of deal speed.