BiggerPockets Real Estate Podcast How to Buy Real Estate Without Banks (Private Money Lending)
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Jul 4, 2025 
James Dainard, a seasoned investor and co-host of the On The Market podcast, dives into the world of private money lending. He shares how this alternative funding method works for those unable to secure traditional loans, detailing interest rates and down payment requirements. Listeners will learn about common pitfalls, the importance of credibility, and risks versus rewards of private lending. Plus, hear about Ashley Kehr's recent private money deal with James, showcasing real-world applications of these strategies!
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Flexibility of Private Money Lending
- Private money lenders are individuals who set their own loan terms, unlike institutional hard money lenders.
- This flexibility allows tailoring loans based on investor experience and deal risk.
Prepare Thorough Loan Application
- Prepare a detailed operator resume with past deal experiences showing how you handle challenges.
- Provide thorough comps and a detailed rehab scope to demonstrate deal viability to lenders.
Avoid Red Flags in Lending
- Avoid vague loan requests lacking detailed comps or scope of work.
- Warm up your lender relationship before asking for money to build trust.