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Epic Real Estate Investing

How to Find a Hard Money Lender | 476

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 21 September 2018

⏱️ 11 minutes

🧾️ Download transcript

Summary

You've got a pretty good deal. Now, learn how to find a hard money lender!  Learn about the 2 types of money, why you should get the property under contract first, and how to communicate with hard money lenders in order to get affordable rates.

Transcript

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0:00.0

This is Terrio Media.

0:04.0

Hey Matt here at Epic Real Estate and today we're going to talk about how to find a hard money lender.

0:10.0

On today's episode, of Financial Freedom Friday.

0:17.0

All right, so how to find a hard money lender?

0:23.6

And I've had this question back-to-back days

0:27.0

from brand new students, from brand new students

0:29.9

in our REI ACE program.

0:31.8

They're both working a full-time job and they're taking on

0:34.4

real estate investing as a side hustle. And just yesterday one had called me

0:38.8

said hey Matt I got a pretty good deal. How do I find a hard money lender now?

0:44.0

And today, this morning, another one called me, says, hey Matt, I got a pretty good deal,

0:48.8

how do I find a hard money lender?

0:50.5

So I was like, great. So let's go through that.

0:53.0

But first let's kind of go over what hard money really is.

0:57.0

People don't have a little bit of a misconception of what it actually is.

1:00.0

So there's really two types of money out there. Okay, so you've got

1:04.0

we'll call this inst.

1:07.0

This is short for institutional money,

1:10.0

okay, institutional money,

1:12.0

and there is, I'll just make this abbreviation here,

1:16.2

Relay Shenship money, okay? So we've got institution money and relationship money.

1:21.2

So this institution, this is your banks, your

...

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