private money lending

Finding a private money lender is far less complicated than people think. Striking up a ten-minute conversation could be enough to find your next round of private money. At least that’s how it worked out for Josiah. Josiah is a small business owner, running a pool cleaning business while building up a small portfolio of rental properties. He sees dozens of new faces every day, and those new faces directly translate into new opportunities. After hearing our past episodes with Amy Mahjoory, Josiah took some of her tips and began pitching his deals to everyone he encountered. Now, he’s got some private money lenders lined up for his new multi-unit, four and a-half acre, short-term rental real estate deal. We told you—raising private money is a lot easier than most people think! But we’re not just talking to Josiah today. We also have Amy back on the show for part three of her private money masterclass. This time, Amy talks about building the “credibility pieces” that give private money lenders confidence in you, your team, and your deal. These range from presentations to deal reviews, calculators, and more. These private money tools took decades to build and Amy still uses them today! Interested in testing out some of Amy's private money-raising tools? Check out the BiggerPockets Real Estate Podcast show page for links! In This Episode We Cover: Josiah’s "pool guy to private money" story and how anyone can find private money in their area The FACT framework recap and using it to establish a system for finding private money Building rapport and creating credibility by showcasing yourself, your deals, and your team The sixteen “credibility pieces” Amy uses every day to engage more private money lenders How to be prepared when private money lenders ask you specifics about a certain deal A brief lesson in how to escape a bear “attack” from Rob Abasolo And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Amy’s Private Money Resources BiggerPockets Podcast 636 with Amy Part 1 BiggerPockets Podcast 637 with Amy Part 2 Coaching with Amy - PML Excel Course Amy's E-book Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Lend to Live by Alexandria Breashears & Beth Johnson Raising Private Capital by Matt Faircloth Connect with Amy & Josiah: Amy's Website Amy's LinkedIn Amy's Instagram: @amymahjoory Josiah's Instagram: @josiahhein Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-654 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Is private money lending the next best way to invest? To the everyday landlord, home flipper, or once-in-a-while investor, private lending seems completely foreign. Why would you lend money when you can put it into your deals? And even if you wanted to, wouldn’t it take millions, or at least a few hundred thousand dollars to get started? Surprisingly, private money lending is available to more people than you think, and it could be your next way to make truly passive income. Alex Breshears and Beth Johnson were neither millionaires nor active investors when they started lending private money. Over time, they realized that they had grown relationships with active real estate investors, many of which always needed funding for the next deal. While swinging hammers and painting baseboards may sound fun to active BRRRRers or flippers, to Alex and Beth, the passive income that came in from private money lending was even better. They’re now so ingrained in the world of private money lending that they’ve written the newest BiggerPockets book, Lend to Live, where they talk about how to build “hassle-free passive income” by lending private money. In this episode, they go over how a new investor can start lending, what to look out for in a lender when you need money for deals, and how even with a few thousand dollars, you too can start building truly passive income streams. In This Episode We Cover: How any investor can start lending money for a substantial profit Why private lending has become more popular as investment funding becomes limited Hard money vs. private money and why you should never confuse the two What to look for in a private money lender and how to vet them before you invest Protecting your money as a private lender and what you need to do to secure a return Where private money lenders can find investors who are looking to invest  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Why Private Money Lending is a Perfect Alternative to Active Investing The Perks & Process of Becoming a Private Lender Books Mentioned in the Show Lend to Live by Beth Johnson and Alex Breshears Extreme Ownership by Leif Babin Cashflow Quadrant by Robert Kiyosaki Psycho-Cybernetics by Maxwell Maltz, M.D Connect with Beth & Alex: Alex and Beth Email on Lend2Live Beth's Email on Flynn Family Lending Alex' BiggerPockets Profile Beth's BiggerPockets Profile Lend2Live Flynn Family Lending Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-642 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it possible to build a large real estate business without the use of banks? Our guest today, Mike Sumsky, shows us that it’s not only possible – but can be incredibly beneficial! Mike has done well over 100 deals in the past several years using a variety of creative finance methods and shows you how you can do the same. Listen for great tips on obtaining private money, finding deals by knocking on doors, and other innovative strategies for building your real estate business. Whether you want to overcome a lack of funding or you just want to explore creative ways to raise capital, this is an episode you don’t want to miss! In This Show We Cover: Mike’s thoughts on creative real estate investing How he got his first properties Investing while losing a job The beauty of taking action without knowing everything yet How to get your first deal from knocking on doors The anatomy of a short sale Tips on applying for a bank loan How to learn while doing Closing on a house with less than 5 thousand dollars What “Subject To” type deals are Everything you need to know about private money How to become “the prize” in each transaction Plus MUCH more! Links From the Show: BiggerPockets’ Trivia (email) BP Podcast Show 105 Video of the flood with Brandon And another video BiggerPockets’ List of Real Estate Meet ups CreditKarma BiggerPockets Forums Buildium Books Mentioned in the Show Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down Think and Grow Rich by Napoleon Hill Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren Klaff Landlording on Auto-Pilot by Mike Butler The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber Work the System by Sam Carpenter Connect with Mike Mikes’s BiggerPockets Profile Mike’s Blog Learn more about your ad choices. Visit megaphone.fm/adchoices