Private Lenders' Podcast

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 business attorney or a title attorney who says "sure, I can do a Note and Mortgage for ya." Check out this interview for all the best practices (and pitfalls to avoid!) that Harris has brought to our hard money lending business.

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 to check with your legal counsel and CPA first to ensure this is the right strategy for your setup.

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.com

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 interview and make sure to login to HardMoneyMastermind.com to ask questions and continue the conversation with other like minded private and hard money lenders.

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 questions to chris@hardmoneybankers.com or ask them directly at www.hardmoneymastermind.com

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 hardmoneymastermind.com

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 smart and conservative to only lend on projects that will perform and repay. Tune in now or watch live at www.hardmoneymastermind.com

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.