Private Lenders' Podcast

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...

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...

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 rece...

On this episode of the Private Lenders' Podcast we discuss Industry Updates That Benefit 'True' Private Lenders including: Why institutional backed lenders are having back ups and delays from their appraisers being backed logged, can't gain interior access for their reports and coming in lower than expected ARVs.  Why controlling the capital and having flexibility will help solidify the deal. Inte...

On this episode of the Private Lenders' Podcast we interview Alexis Hart McDowell from Epic Impact Investors. We discuss: - Alexis's background before lending - The importance of lending locally and knowing your local market - Why she got into hard money lending - Case-Study on Alexis's first deal- how she found it, how she got it funded and current status. - Benefits of private capital compared t...

On this episode we answer questions from the hard money mastermind group related to raising private capital. - What's a fair split - How to keep things simple and organized - Properly documenting agreements and what Attorneys can help with this Join the conversation at HardMoneyMastermind.com

Jason and Chris discuss how they originally set up their pricing model for their hard money lending company and how it stays true today.    Tips: - Price loans based on how much money you want to make - Don't get caught in the 'race to the bottom'  - Rate vs. Points - Determine your lending goals and ROI Tune in now and then lets finish the conversation on the free platform.. hardmoneymastermind.c...

On this episode we answers some questions from the mastermind group: 1) I've had borrowers ask if they can e-sign closing docs. What are your thoughts on accepting e-signatures?  2) Whats the best way to accept online payments from borrowers? 3) Just curious how you handle your capital investors' rehab funds. Tune in now and finish the conversation at www.hardmoneymastermind.com

If you have been lending private money for long enough you know that you will eventually have defaulted loans you have to workout.  On this episode we discuss tips, tricks and strategies we use to handle our defaulted loans.  Tune in now and then continue the conversation with a free account at hardmoneymastermind.com

In this episode Jason and Chris discuss how to work with referral partners and brokers.  Brokers can be a great lead source for new loans if your structure the relationship correctly.  Its important to be transparent with them but also make sure you follow your lending model and process just like any other scenario.  Tune in now to hear our scripting, our process and tips for a profitable relation...

There are many profitable ways to use Self-Directed IRAs.  Jason and Chris focus on: 1) How to raising capital from other investors IRAs... 2) How to lend money to a Borrower who owns or is purchasing a property in their Self- Directed IRA (non-recourse loan)... 3)How to structure your own SDIRA to lend out... To learn more about this topic visit hardmoneymastermind.com

After lending for the past 15 years we recognize some of the major lending mistakes.  The Top 3 Newbie Lender Mistakes might seem simple but are super important when starting out but also for experienced investors with an established book of business.   Tune in now and lets continue the conversation at www.hardmoneymastermind.com  

If you're actively lending private money, you're going to get a ton of value from this episode.   When you listen to Harris on this interview, you'll see why we've been happy working with him all these years. He's a black belt in this niche. The Attorney you choose to work with for loan doc prep and title review should  specialize in documents for investment real estate deals. Not a general busine...

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 t...

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.c...

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...

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 quest...

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 hardmon...

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 smar...

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...

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...

As you grow your capital base you will probably run into family offices.  We discuss who/what family offices are, the pros and cons of working with them and case studies with some of our experiences with them.  We have deployed capital from some family offices while others weren't a great fit for us to work with.  Tune in now... Sponsored by:  www. HardMoneyMastermind.com  

As hard money lenders we need to be creative when it comes to loans in default status.  We need to understand the current condition of the property, the intent of the borrower and an action plan to cure the loan.  Although foreclosing, judgements, deed in lieu are options... that might not necessarily be the best plan of action.  Tune in now to hear some strategies we practice on defaulted loans a...