Hard Money and Private Money for Real Estate Investors
Manage episode 374620377 series 3409615
Hard Money and Private Money for Real Estate Investors
Certain real estate investing strategies suggest certain types of financing. For example, most long-term buy-and-hold real estate investors purchasing non-owner-occupant properties will opt for 30-year fixed rate conventional financing or commercial loans. House hackers and Nomads™ will often seek out low or zero down VA, USDA, FHA, and conventional financing options.
However, sometimes the real estate investing strategy will lean toward utilizing hard money and private money loans. Some examples include utilizing the BRRRR strategy or doing fix-and-flips.
In this mini-class, James will go over the basics of hard money and private money loans.
Check out the video from this class here and access the downloads mentioned in the recording:
Hard Money and Private Money for Real Estate Investors - Video and Downloads
In this class, James discusses:
- What is hard money? And, a deep dive into using it as a real estate investor.
- The aspiration goal of becoming a hard money lender and two possible concerns
- What is private money? And, a deep dive into using it as a real estate investor.
- A warning about inadvertent ponzi schemes
- A discussion about licensing required to raise private money and the license I got
- Download a sample of my personal, 25-page Private Lender special report
- Using a business card to raise private money (sample of mine)
- Plus much more...
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the El Paso real estate investor podcast? Book a free consultation to discuss.
132 episode