Private Lenders' Podcast

After you understand the concept of closing loans and assigning them to private investors and/or other companies, investors, self-directed IRAS etc. its a pretty replicatable process. On this episode we dive into  effectively get your loans funded by private investors and the process of selling and/or assigning the loans.   There are many different models but this is an affective one.  Make sure to check with your legal counsel and CPA first to ensure this is the right strategy for your setup.

How many leads are you currently getting monthly?  How many loans are you closing based on those leads?  In our experience you need about 50+ leads per closed loans.  Private and hard money lending is a numbers game and the more leads you have the better deals you can fund.  Tune in now to hear our strategy and make sure to keep the conversation going on the new free platform hardmoneymastermind.com

On this episode Chris Haddon interviews Attorney Kimberly Mann from Shulman Rogers Law Firm.  We have done past podcasts on the business side of working with capital investors and raising capital but we are not Attorneys.  Chris interviews Kim to discuss the legal side of raising capital and what capital raising technique is best for you, your business and your investors.   Tune in now to hear the interview and make sure to login to HardMoneyMastermind.com to ask questions and continue the conversation with other like minded private and hard money lenders.    

In this episode we go through some important industry considerations including: UW and navigating commercial loans Being a broker and ways to diversify  Playing offense with you loan defaults Making sure you are tied into your capital investors Make sure to check out hardmoneymastermind.com  

On this episode we go through recent questions from the hardmoneymastermind.com group. We walk through steps from loan funding to assigning loans to capital investors... How we determine how many investors per loan...  What happens with investor capital when not deployed... and What % of the year is money deployed for your typical capital investors....  Tune in now and feel free to email you questions to chris@hardmoneybankers.com or ask them directly at www.hardmoneymastermind.com  

As a private or hard money lender you can structure the loan terms that best fit your comfort level.  Just because you are willing to lend up to 65% of the value or after repaired value doesn't mean that is what you need to stick to on every loan.  Its common to lower your exposure based on risk.   Tune in now and structure loans that work best for you.... Any questions feel free to hop on hardmoneymastermind.com    

As a hard money lender there are multiple hats needed to operate.   Although the goal is to eventually have staff, partners, outsourced help and automation in place we have always found it important to understand all aspects of the business.  Private lending is unique where its a business that customers (borrowers) are always knocking on your door to get money (loans) BUT you  also have to be smart and conservative to only lend on projects that will perform and repay. Tune in now or watch live at www.hardmoneymastermind.com        

There has been a lot of legal chatter going around our hard money mastermind group. We are not Attorneys and you should always consult an Attorney but we discuss important topics related to Licensing, Legal documents and Litigation on defaulted loans.  Tune in now and make sure to hop onto the hardmoneymastermind.com free social platform for private and hard money lenders.  

We discuss the multiple income streams per loan.  The goal of lending is to lend to qualified borrowers that will perform.  Although there could be additional fees collected when loans default (late fees, default interest, etc..) it makes sense to have a cleaner portfolio with less headaches.  We go through the different fees and income streams when lending capital. Check out the #1 Free Community For New and Experienced Private and Hard Money Lenders at www.hardmoneymastermind.com

In this episode we go through the importance of building relationships.  Relationships occur with borrowers, private capital investors, vendors, partners and even other hard money lenders.  One of the first things we did back in 2007 when we started was meet up with every other hard money lender in our market.  We learned about their business, shared our lending model, figured out what deals they preferred compared to what deals we preferred and how we could potentially help each other in the future.  You would be surprised how other lenders end up being more of your ally over your competition.  Some lenders are looking for more deals while others are looking for more capital.   Tune in now... Check out our new free platform.. hardmoneymastermind.com