Private Lenders' Podcast

Pros and Cons of Remote Hard Money Lending - Are you a private or hard money lender? Do you have an office or work from your house? Do you have staff, employers or help? This business model has a lot of flexibly but there are a few important things we believe that all lenders should consider when lending money. Although a lot of the operation can be run remotely there are several best practices that can be simplified when operating together as a team. More importantly there are important boots on the ground processes that will help ensure you are writing conservative loans in your local markets. Tune in now and finish the conversation at www.hardmoneymastermind.com. Watch all episodes at www.privatelenderspodcast.com

Instead of always worrying about how many deals or how much volume you do, wouldn't a better metrics be how much money you make per deal instead?  If you can figure this out then you know how many deals you should be doing (or want to be doing).  There are a lot of income streams inside private lending and we breakdown the loan economics of our hard money deals.   Tune  in now and make sure to finish the conversation at www.hardmoneymastermind.com

As a private lender or hard money lender you should think though what you want out of your business. Its important to set a realistic time frame to grow your business based on your resources. Daily tasks should be marketing for new opportunity (loans) and creating relationships with potential investors. Although deploying money takes time you need to have the right foundations in place to deploy capital responsibly. #realestatelending #hardmoneylending #hardmoneybankers #hardmoneymastermind #startingahardmoneylendingcompany

Everything inside a  hard money or private money lending business snowballs.  The analogy is with the rolling of a snowball downhill the snowball will pick up more snow, gaining more mass and surface area, and picking up even more snow and momentum as it rolls along.  We describe some snowballs inside the lending business between:  (1) client database (2) investors investable capital (3) increased lender accounts for you and your company and more... Tune in now and finish the conversation or ask any questions at hardmoneymastermind.com  

As private or hard money lenders its important to build a book of business.  Most of the loans you eventually do should end up being for the same experienced real estate investors over and over.   Jason and Chris go over ways they build continuity with their regular clients.   They discuss some of the obvious pros for working with them but also some cons you should be aware of.   Tune in now and continue the conversation or ask any questions at www.hardmoneymastermind.com  

Jason and Chris share an interesting story which taught them why you try to keep your co-lending partners out of public record and a few hacks to keep the process simple. They discuss  the risks, rewards, pros and cons. Tune in now to hear this entire episode and then finish the conversation and ask any questions at www.hardmoneymastermind.com  

Did you hear about the new Zillow news? They are shutting down their homebuying division after taking losses. How is this relevant to private lenders and hard money lenders? Chris and Jason breakdown there thoughts on: - Why lending is such a localized business model - Why tech can't replace humans - Investing is hard, even if you have plenty of money - The business is hard to scale (especially into other markets) - The importance of knowing your numbers Tune in now. We would appreciate a review or like if you got value from this podcast. We answer questions at www.hardmoneymastermind.com. Make sure to set up a free account if you aren't already a member.

Should private lenders fund 2nd mortgages?  This is a common question that comes in on the forums at HardMoneyMastermind.com.  The attraction is typically a 1) higher interest rate return and 2) smaller amount of capital needed to fund the loan... BUT there are a lot more risks.   We discuss the risks associated with funding 2nd mortgages along with tips to consider if you do decide to fund a loan in 2nd position...  Ask questions or continue the conversation at www.hardmoneymastermind.com with a free account  

On this Private Lenders' Podcast startup story we interviewed Rodney Miller from Hard Money Partners. Rodney lends in Oklahoma City. We had a fun conversation with topics including: - Lending to legal Marijuana companies and how he is structuring the loans - Selling loans to investors - Thoughts on institutional backed lenders - Raising capital for fix and flip deals VS. syndications in apartment buildings - Setting up the operation for the future Tune in now and continue the conversation at HardMoneyMastermind.com. You can go and create a free account to learn and network with other private and hard money lenders across the country.

On this episode of the Private Lenders' Podcast we interview Abhi Golhar.  He is a marketing expert specializing in generating leads online for private lenders, real estate investors, agents and professionals.   We focus on the #1 YouTube tactic to generating leads including how to create videos, tips on posting them, strategies to increase your exposure over competitors and case-studies from recent videos. This was an action packed interview and we got a few key takeaways we are going to start implementing ourselves asap. Tune in now and continue the conversation at hardmoneymastermind.com