Private Lenders' Podcast

Jason and Chris do a live Q&A with St. Louis, Missouri Lender Alejandro Cornejo. Alex is a Hard Money Mastermind member with some experience lending money and owning other real estate assets. The majority of the conversation was focused on ramping up deal flow. We talked about free traffic, offline traffic and how to structure paid ads to generate more leads without a hefty ad budget. We ended with a little scripting when talking to potential borrowers and capital investors. Tune in now and network with other hard money lenders in your local area at www.HardMoneyMastermind.com

Jason and Chris had a chance to sit down with Glen Friedman who lends private funds in Jacksonville, FL. Here are some of the questions and topics they discussed... Should I raise capital and add staff if I want to make X amount more money? Should I charge any junk fees besides points? Is it ok to do my own loan documents? Servicing Software Options? Join hundreds of other private and hard money lenders at www.hardmoneymastermind.com for free. Watch full episodes of the Private Lenders Podcast at www.privatelenderspodcast.com

Jason and Chris take you behind the scenes to see what their average day looked like at start up time (2007-2010) and currently in real time (2022). Responsibilities, tasks, priorities, goals and running a business change over time with maturity, new technology, experience etc.. You can also check out the video version at www.privatelenderspodcast.com Don't forget to join our new, free mastermind group at www.hardmoneymastermind.com

There are many lending models that hard money lenders follow. We are going to go through the Co-Lending Model. Make sure to check with your Attorney and CPA to see which setup is best for you in your specific situation and state.

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