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The Best Ever CRE Show

JF389: Watch Out for These Common Hard Money Mistakes

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 26 September 2015

⏱️ 25 minutes

🧾️ Download transcript

Summary

Hola! Our Best Ever guest is a private money lender from Salt Lake City, Utah and is fluent in Spanish because she lived in Costa Rica! From business startups to diversified investing, she is now focused on commercial capital lending for investors using refinance methods, and still lends to fix and flip projects. She shares the red flags in the hard money lending field…and how to find the right lender. Watch yourself when seeking capital, and be sure to ask the right questions!     Best Ever Tweet:     Approach a hard money loan with curiosity.     Corey Dutton's real estate background: Private money lender based in Salt Lake City, Utah Fluent Spanish speaker Founder of Private Money Utah 50 Elite Women in the Mortgage Industry by Mortgage Professional America magazine Say hi to her at www.privatemoneyutah.com    Subscribe in iTunes  and  Stitcher  so you don't miss an episode! Made Possible Because of Our Best Ever Sponsors:   Patch of Land - Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at www.PatchOfLand.com   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Did you know that within a decade women will hold $30 trillion in investable assets?

0:05.3

Yet somehow only 19% of women reported feeling confident in selecting investments that align

0:11.0

with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.

0:23.7

InvestHircon is not just another real estate conference.

0:27.1

It's a transformational experience focused on real estate investing,

0:31.0

business strategies, and self-care tactics, all designed to help women take

0:35.5

control of their financial futures. Gain the knowledge and skills you need to grow

0:40.0

your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.

0:48.0

To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.

0:56.6

That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-K-K-K-K-K-K-K-O-K-Kom,

1:00.6

Promo-Kod 100 best ever to get $100 off your ticket.

1:05.0

Approach a hard money loan, not like a bank loan, but like just a unique entity, and approach

1:11.0

it with curiosity and ask a lot of questions.

1:14.0

Welcome my friend to the best real estate investing advice ever show.

1:18.0

I'm Joe Fairless and before we get into the show in today's episode,

1:22.0

which I know you'll get a lot of

1:23.7

value from because we're we stay out of all the fluffy stuff and we get straight

1:28.6

into the good stuff of real estate investing advice I want to give a quick shout out to today's sponsor and that's a patch of land.

1:36.0

They are making this show possible and they're making tons of

1:41.8

flipping projects possible all across the country.

1:45.0

If you don't know about patch of land, then they are the number one company to go to for projects that you're flipping because they have all the money

1:56.8

available right now once you get approved for your your deal and yourself as a sponsor or a borrower you're going to be funded by

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