Episode 28 - Hard Money Made Easy
Real estate investing is one of the best ways to build wealth. But to buy properties, you need multiple sources of funds. There are creative financing strategies you can use. You can also borrow money from private lenders or hard money lenders. In today's episode, Sam and Lucas discuss the easy way to access hard money. While it's not the cheapest option, there are certainly benefits to using hard money to finance your real estate investments. So tune in and discover the basics of hard money lending so you can begin building your rental portfolio.
“Hard money lenders can really change the game for you.”- Sam Primm
“Getting approved with a hard money lender is almost step one of everything to building your rental portfolio. That allows you to go out and look at properties and make cash offers on properties with that approval, backed by that approval.”- Lucas Walls
WHAT’s IN THIS EPISODE?
- What is hard money, why is it used, and how do you find hard money financing?
- Tips for dealing and building relationships with hard money lenders
- Standard terms and rates, points, and why rates should not scare you
- Example deal - 100K loan 12%, 3 points on
- Random Thought of the Day: Sleeping, pretend to sleep…
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I founded FasterFreedom to teach people just like me to take ownership of their freedom. There is a reason why real estate creates 90% of millionaires in this country.
It's an incredible vehicle for leverage, cash flow, appreciation and the sheer practicality of it… Everyone (and I mean everyone) has the opportunity to benefit from Real Estate.
Real Estate can be overwhelming at times which is part of the reason why we don’t see more people taking advantage of the incredible wealth creating opportunities it provides.
I launched FasterFreedom to do just that… we provide the foundation and grooved path for individuals wanting to achieve freedom and financial independence through Real Estate Investing.
I pride myself in practicing what I preach, meaning all of my lessons and tips are constantly updated and based on the real investing that I do right now- so you only learn what works and not through theory or outdated practices!
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