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#356: How to Get Easy Loans for Fixer Properties in 2024 (Hard Money EXPLAINED)
Manage episode 433756352 series 2477142
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm
🎙️ Episode #356 - Out of cash, but you found an amazing real estate deal? Learn the nitty-gritty about leveraging hard money lenders while understanding the challenging risks. Coach and Justin present a step-by-step approach to ensure you never miss out on a great investment!
▶️ Next Episode: How to Calculate Internal Rate of Return (IRR)
https://www.coachcarson.com/irr/
📄 Show Notes:
https://www.coachcarson.com/hardmoneylenders/
🎬 TIMESTAMPS:
0:00 - Ins and outs of hard money lending
1:04 - Finding the perfect deal but having no money
3:22 - Locking up a good deal FIRST
5:41 - What is hard money?
11:44 - "4 C's" of hard money lending
18:10 - Logistics of hard money loans
21:06 - Challenges of hard money
31:54 - Private money vs hard money lender
39:06 - Tips to the run the "money lender marathon"
43:32 - Start out with a short-term loan
48:52 - Credit Partnerships
57:04 - How to use Internal Rate of Return (IRR)
🔗 Connect with Justin:
- FREE closing checklist for borrowers and lenders: https://www.lenderscollective.com/resources/
- Facebook: https://www.facebook.com/profile.php?id=100045631728890
- LinkedIn: https://www.linkedin.com/in/justin-foster-3a7b3014/
____________________________________________________________________
⚒️ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkit-pod
🖥️ My Real Estate Courses:
*FREE COURSE* Find Your Focus in Real Estate for Beginners: https://www.coachcarson.com/fyf
30 Days to a Better Rental Investor: https://www.coachcarson.com/30days
Creative Financing for Real Estate Investors: https://www.coachcarson.com/creativefinancing
My Books:
📘 The Small & Mighty Real Estate Investor
📙 Retire Early with Real Estate
https://www.coachcarson.com/books-pod
👋 Connect with Me:
📸 https://www.instagram.com/coachchadcarson
👍 https://www.facebook.com/coachchadcarson
🐦 https://twitter.com/CoachChadCarson
💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine
🌐 For everything else: https://www.coachcarson.com
379 episoder
Manage episode 433756352 series 2477142
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm
🎙️ Episode #356 - Out of cash, but you found an amazing real estate deal? Learn the nitty-gritty about leveraging hard money lenders while understanding the challenging risks. Coach and Justin present a step-by-step approach to ensure you never miss out on a great investment!
▶️ Next Episode: How to Calculate Internal Rate of Return (IRR)
https://www.coachcarson.com/irr/
📄 Show Notes:
https://www.coachcarson.com/hardmoneylenders/
🎬 TIMESTAMPS:
0:00 - Ins and outs of hard money lending
1:04 - Finding the perfect deal but having no money
3:22 - Locking up a good deal FIRST
5:41 - What is hard money?
11:44 - "4 C's" of hard money lending
18:10 - Logistics of hard money loans
21:06 - Challenges of hard money
31:54 - Private money vs hard money lender
39:06 - Tips to the run the "money lender marathon"
43:32 - Start out with a short-term loan
48:52 - Credit Partnerships
57:04 - How to use Internal Rate of Return (IRR)
🔗 Connect with Justin:
- FREE closing checklist for borrowers and lenders: https://www.lenderscollective.com/resources/
- Facebook: https://www.facebook.com/profile.php?id=100045631728890
- LinkedIn: https://www.linkedin.com/in/justin-foster-3a7b3014/
____________________________________________________________________
⚒️ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkit-pod
🖥️ My Real Estate Courses:
*FREE COURSE* Find Your Focus in Real Estate for Beginners: https://www.coachcarson.com/fyf
30 Days to a Better Rental Investor: https://www.coachcarson.com/30days
Creative Financing for Real Estate Investors: https://www.coachcarson.com/creativefinancing
My Books:
📘 The Small & Mighty Real Estate Investor
📙 Retire Early with Real Estate
https://www.coachcarson.com/books-pod
👋 Connect with Me:
📸 https://www.instagram.com/coachchadcarson
👍 https://www.facebook.com/coachchadcarson
🐦 https://twitter.com/CoachChadCarson
💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine
🌐 For everything else: https://www.coachcarson.com
379 episoder
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