Personal Story on Private Lending via Hard Money Lending

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Many people see lending as a very scary or intimidating opportunity.

However, lending is truly the one institution that will never go out of business. Everyone will always need cash. Hence the reason the nicest building in every town is owned by the bank.

It doesn’t have to be scary or intimidating. Join Joey Muré, former loan originator & branch sales manager of one of America’s largest banks, & Russ Morgan to understand the lending opportunities peer to peer lending, hard money lending, and commercial bridge loans provide.

HINT: it is all about three things.

  1. ROI (return on information)
  2. Collateral
  3. Leverage

ROI

Do not lend money in area’s you are unfamiliar with. Return on investment is not always superior to return on information. Remember that.

Collateral

Joey has utilized the borrowers paid off vehicle as collateral on a hard money loan. He was even put on the title to “insure” his loan.

Leverage

Leveraging someone else’s cash for a return on your money.

Types of lending uncovered in today’s show:

  1. Peer-to-peer
  2. Hard money lending
  3. Commercial bridge loans

Also in today’s episode Joey shares a case study of WHAT NOT TO DO as it relates to personal lending. Please take notes.

Resources:

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