Private Lenders' Podcast

As private or hard money lenders its important to remember to be cautious when lending. Many lenders have been too competitive over the past 5+ years to secure deal flow. As the markets are changing we are going to re-cap the 4 C's. - Collateral - Character - Capacity - Credit Tune in now and watch the full video podcast at www.privatelenderspodcast.com If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/private-lenders-podcast/id1476153070 Make sure to check out the #1 Free Community For New and Experienced Private and Hard Money Lenders.. Create your free account at www.hardmoneymastermind.com

We discuss the different seasons we have had inside our lending company Hard Money Bankers. If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/private-lenders-podcast/id1476153070 Tune in now and watch the full video podcast at www.privatelenderspodcast.com Make sure to check out the #1 Free Community For New and Experienced Private and Hard Money Lenders.. Create your free account at www.hardmoneymastermind.com

Typically when a loan defaults it can be cured pretty quickly. This particular deal had it all. Foreclosure, Judgement, Bankruptcy workout...OH YEA.. and having to sue an insurance company out of state in order to collect on an insurance claim after the fully renovated house burnt down! One more twist... That was the 3rd fire this gigantic house had... To hear the entire story tune in now!! If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/private-lenders-podcast/id1476153070 You can watch the full video podcast at www.privatelenderspodcast.com Make sure to check out the #1 Free Community For New and Experienced Private and Hard Money Lenders.. Create your free account at www.hardmoneymastermind.com

There is a lot of moving pieces in a private lending transaction. The companies that move the quickest and most efficient (obviously with still be safe and secure) typically win. Tune in now and watch the full video podcast at www.privatelenderspodcast.com If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/private-lenders-podcast/id1476153070 Make sure to check out the #1 Free Community For New and Experienced Private and Hard Money Lenders.. Create your free account at www.hardmoneymastermind.com

As lenders we underwrite our loans conservatively to prevent any sort of default BUT its inevitable to happen. Some defaults may be minor (missed a payment, over the loan term etc...) while others may be worse (walked away from the project, seriously behind in payments, etc..) You can make a business decision on how you want to default your client/borrower but its important to have options. Your loan package (prepared by a competent Attorney) should have everything in there to protect you. Your mortgage/deed of trust recorded as 1st lien position, promissory note outlining default actions, guarantee agreement to file judgements etc... Tune in now and watch the full video podcast at www.privatelenderspodcast.com If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/private-lenders-podcast/id1476153070 Make sure to check out the #1 Free Community For New and Experienced Private and Hard Money Lenders.. Create your free account at www.hardmoneymastermind.com

How are you pricing your loans? The private money rates are more competitive than ever currently. The institutional backed capital rates have really increased over the past few months so many borrowers would rather use private capital for the ease of the transaction. We dive into what we are seeing locally and throughout the markets we lend in. Tune in now and watch the full video podcast at www.privatelenderspodcast.com If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/private-lenders-podcast/id1476153070 Make sure to check out the #1 Free Community For New and Experienced Private and Hard Money Lenders.. Create your free account at www.hardmoneymastermind.com

We discuss the ways for you to become the best private or hard money lender. The scale is not based on loan volume or closed loans but based on what you want to acheive. They are typically 5 domains to master (not perfect but to master). Marketing, Underwriting, Accounting/Finance, Capital Raising/Investor Relations and Legal. Remember- Mastering something typically means you are 80% proficient at it and is very doable. You don't have to be perfect. Quick tip: "Who ever has the most deals will have the best deals" Tune in now and watch the full video podcast at www.privatelenderspodcast.com If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/private-lenders-podcast/id1476153070 Make sure to check out the #1 Free Community For New and Experienced Private and Hard Money Lenders.. Create your free account at www.hardmoneymastermind.com

We interview Derek Dombeck from Best REI Funding. They are doing over $25 mill of private loans yearly just in the state of Wisconsin. Derek has a lot of interesting insights he shares related to his business growth, how his team is setup and who their target client is. They are constantly raising new capital and working to expand their loan portfolio. Tune in now and watch the full video podcast at www.privatelenderspodcast.com If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/private-lenders-podcast/id1476153070 Make sure to check out the #1 Free Community For New and Experienced Private and Hard Money Lenders.. Create your free account at www.hardmoneymastermind.com

Do you like doing things the easy way or the hard way? Over the years we have had multiple business coaches, mentors and consultants help us with different aspects of our business. Instead of fumbling through certain areas of our business we have hired experts or attend events or masterminds to help short cut it. We have been running our online hardmoneymastermind.com group (free and paid options) and due to popular demand will be hosting an in-person mastermind group for private & hard money lenders locally in Maryland on November 3-4th. Details, qualifications and to apply can be found at http://www.hardmoneymastermindinnercircle.com

Jason and Chris discuss the importance of borrower/client quality. Lots of private and hard money lenders are only focused on collateral (which by far is the most important part of underwriting) but fail to adjust loan amounts off the quality of the borrower. We discuss borrowers capacity, characteristics and credit. Tune in now and watch the full video podcast at www.privatelenderspodcast.com If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/private-lenders-podcast/id1476153070 Make sure to check out the #1 Free Community For New and Experienced Private and Hard Money Lenders.. Create your free account at www.hardmoneymastermind.com