Hard Money Lending & Rising Interest Rates
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 4 October 2023
⏱️ 42 minutes
🧾️ Download transcript
Summary
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Visit Ken's Bookstore: https://kenmcelroy.com/books
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ABOUT KEN: Ken is the author of the bestsel
ling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything real estate with the industry's biggest movers and shakers. |
| 0:11.3 | I'm your host, Ken McElroy, joined by my co-host, DeNeil. |
| 0:15.4 | Let's get right into this episode. |
| 0:17.5 | So today we have capital fund back. |
| 0:19.8 | So the hard money guys. Hard money sharks. I know. |
| 0:23.7 | It's, but they're not. You know, it's funny. I was like, I was intrigued because they're, |
| 0:28.7 | they're expanding like crazy. When the real estate industry is pulling back, they're actually |
| 0:33.3 | growing. So I was like, why is that? How does hard money grow when everybody's pulling back? So |
| 0:38.9 | make sure you listen to this one. Yeah, it was really interesting. They didn't, they've only taken |
| 0:43.4 | back a handful of properties and you wouldn't expect that from a hard money company. 14,000 loans. |
| 0:48.4 | They've only taken back 85 projects ever in the life of the company, which is on this about 14th years. So that's pretty |
| 0:54.9 | cool. Yep. So you guys enjoy this one. All right. Hey, everybody's Kenneth Daniel. Hello. |
| 0:59.0 | And I'm here with Kevin again from Capital Fund One. Welcome back. Thank you. Happy to be here. |
| 1:03.8 | So you guys might know. You saw the show we did with them. They specialize in hard money lending. And since we did our last show, |
| 1:14.9 | you guys are expanding across the U.S., huh? That's right. Yeah, we're chasing those smile states. |
| 1:20.5 | So staying in the Sunbelt, most recent market that we've expanded into is Tennessee. |
| 1:27.5 | We're adding Georgia kind of as we speak, getting things together there. |
| 1:31.5 | And then from there, probably South Carolina and North Carolina. |
| 1:34.6 | But current operations are in Arizona, Colorado, and Texas as well. |
| 1:38.9 | Well, that tells me you guys are still growing. |
| 1:40.6 | So I'm glad you're back on the show today because I wanted to talk about, you know, |
| 1:44.3 | since we've talked, we've had 11 rate increases, right, on the interest rates. I know that |
... |
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