Private Lenders' Podcast

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% proficien...

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 p...

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)...

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...

We discuss what happens during a changing market. If you have used secondary market capital you probably noticed that a lot of it dried up and the remaining capital is more expensive and more conservative. If you are only using private capital you have a huge advantage. We have seen an uptick of quality borrowers and deal quality. This is how we are reacting. Tune in now and watch the full video p...

Our partner Ryan came down to our office this week and got a chance to throw him on camera to interview him.   We discuss:  1) Why he originally wanted to get into private lending  2) What was ingrained in his head early on during start-up time  3) Best daily practices to continue to grow his portfolio Tune in now and watch the full video podcast at www.privatelenderspodcast.com If you enjoyed thi...

In our experience the smaller deals tend to have the biggest headaches.  That doesn't mean they don't perform and default.  It does mean that we have headaches along the way.   We prefer to lend to experienced operators, with good credit, solid characters on good assets (in good median priced neighborhoods) Tune in now and watch the full video podcast at www.privatelenderspodcast.com If you enjoye...

Properly communicating with your borrower clients and private capital investors is so important. More over, you have to make their lives easier when they borrow from you or invest with you. We go through how we communicate, how often and the best ways too. They easy hacks will help you increase your lending business. Tune in now and watch the full video podcast at www.privatelenderspodcast.com If...

We interviewed Cesar Tamayo who is a private lender.  We discussed: - Pros and Cons of Institutional backed lenders - Process between verbally quoting a loan to getting it to closing - Working with other capital investors - Learning personality types Tune in now and watch the full video podcast at www.privatelenderspodcast.com If you enjoyed this podcast we would appreciate a positive review...  h...

Jason and Chris discuss rising interest rates and how it will affect our business. - Institutional backed lenders will have higher rates - Make sure your paying attention to UW on the future values of your clients projects  - Mortgage rates vs. Short term rates They discuss a few ideas to help some of the Hard Money Mastermind members do more deals. Tune in now and watch the full video podcast at...

Jason and Chris discuss ways to work with capital investors that have self-directed IRAs. How to find them, work with them and structure the 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...

We recently did a podcast for our Hard Money Bankers clients (ex.. local real estate investors)… After we finished it we realized it was all about raising private capital and investor relations. The conversation went in a few directions related to: - Raising capital and creating the proper investor partnership; - How to take care of your investors and know what deals work best for both parties; -...

Jason and Chris interview Greg Whitaker from just outside Nashville TN.  Greg is a newer lender with capital available and wanting to learn how to responsibly deploy it.   -We talk to him about tips for finding the right operator -Importance of consistent marketing and lead flow -Market trends moving forward in todays real estate environment Tune in now or watch the full video podcast at www.priva...

Jason and Chris are in their new studio (same office but different room ha ha) chatting hard money lending.   Why is deal flow so important and how to easily and mostly for free attract new clients (borrowers and investors)?  Creating easy content for potential/current clients provides 1) creditability and 2) value to do business with you.   Tune in now or watch the full video version of this podc...

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 ende...

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 mone...

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...

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 th...

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 fin...

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 c...

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...

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 c...

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 in...