Private Lenders' Podcast

If you have been a private lender long enough you recognize that defaults are inevitable. As they come up they have to be treated the right way and typically end up working out fine. Its important to be able to communicate directly with your borrowers to understand their challenges but also to be stern that curing the default is important. Chris and Jason go through a lot of tips and tricks they have learned over the years while running Hard Money Bankers. If you haven't check out our new book, get your copy at www.hardmoneyfreebook.com

In this episode of the Private Lenders Podcast we discuss the 3 must do marketing strategies and why time is of the essence. These strategies apply to newer hard money lenders and established lenders. The principles are very simple but important to start and expand on them... **Teaser** 1. Establish web assets.. aka website, social media profiles, etc.. 2. Attend Meetup groups. Raise your hand and tell folks you have/have access to capital and there will be a line out the door to talk to you. 3. Create a email list Just do it... It will pay off

As we reach the end of 2020 we wish everyone a Happy New Year and look forward to watching everyone succeed as hard money lenders into 2021. In this episode we discuss how we wrap up our year end opportunities inside Hard Money Bankers and how we goal set and stay focused going into the next year... We discuss: - Finance/Accounting - Marketing and Sales - Business planning for next year If you haven't gotten you copy of our free book... go to www.hardmoneyfreebook.com

There are many ways to make money through private and hard money lending. It will depend on you to determine which sources are best for you. On this episode we discuss: 1) Brokering loans 2) Lending your own money out (actively or passively) 3) Running your own hard money lending operation (raising other peoples money or using your own). Tune in now and enjoy!...

On this episode of the Private Lenders' Podcast we discuss the 2 common capital investor types that work the best for us. We go through the traits and advantages of working with both 1) active investors and 2) passive investors... and discuss which personality types help identity them and make them good partners to work with on our loans.

In this episode we answer your questions... Managing and running the office/employees for maximum effectiveness and efficiency. Software used for payroll. Software used to track all the HR info we need to track about our employees (I9's, SSN's, addresses, etc.). Pay for admin employees. Commission for sales people - base salary plus commission? Hourly rates for regular employees? What kind employees should we be hiring (bookkeeping, sales, processors, etc.)? And in what order Who should I target for potential capital investors Tune in now... To get involved with hard money lending checkout our Mastermind group at www.hardmoneymastermind.com

On this episode we take questions from members of our mastermind group. Can you share the process for each step of your marketing plan. Maybe a 1.0, 2.0 and 3.0 plan for the folks that are just getting started to the more experienced respectively. How to market for QUALITY borrowers. I find it easy to get people to apply. But… How do I get the apps to weed themselves out better? It's a big waste of time to have to filter through so many bad deals every day. Tune in now...

In this episode of the Private Lenders Podcast we chat about some recent loan closings Being a back up lender or a 'Plan B' lender is actually a good thing. The story goes like this... A potential borrower comes to you looking for a loan... you quote them what you are comfortable lending and the terms you want... they decide to shop it around and find a cheaper, higher leverage loan from an institutional backed lender. They go down that path, ordering an appraisal and dealing with red tape headaches until they come to find out a few days before closing that the loan is turned down for one reason or another... THEN they call you back with a slight panic to save their deal... You get to fund the loan now on your terms and look like a hero. This is common story weekly inside our business. Tune in live now to hear more about this topic....

Marketing, marketing, marketing is the most important part of business. It doesn't matter how good your product, service or widget is. If know one knows about it you are doing a disservice to everyone. You can't just hope someone will find your website, phone number or business. You need to take your marketing efforts seriously. Now, the good news for private and hard money lenders is the barrier for entry isn't all that high. Tune in now... Sponsored by www.hardmoneymastermind.com

In this episode we discuss building important long-term relationships with your capital investors. It sounds like common sense that long-term relationships are important but so many private lenders, hard money lenders and real estate investors just look at each deal as an individual transaction and not as a partnership. The right relationship is key to any successful deal or partnership and we go through some tips on how we continue to build trust and relationships with our investors (partners).