Private Money Lending (Don’t Get Scammed!)

Disruptors

Steve Trang

Business, Investing, Careers

4.9 • 742 Ratings

🗓️ 19 August 2021

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

Finding private money is a key for building your wholesale, fix and flip, or buy and hold business. Blake Selby explains how to avoid bad lending deals, identify brokers vs. direct lenders, the pro’s and con’s of private lending, and how to become a private lender and not get scammed with private money lending. Share this with someone who would value this information. Video replay of my interview with Blake Selby on Private Money Lending, the Pro’s & Con’s, and how you Don’t Get Scammed: Subscribe to Our YouTube Channel 👉: for more great free content! Share this with someone who would value this information. More about Blake Selby and private money lending (don’t get scammed): https://www.SelbyRentals.com https://www.facebook.com/SelbyRentals https://www.instagram.com/SelbyRentals Show Notes Takeaways on Private Money Lending (Don’t Get Scammed): 1. Focus on one aspect of your business. You can always expand to others, but have your core focus. 2. If anyone demands money up front to get a loan, they’re scamming you. 3. You can be a private money lender. 4. Trust your gut. If you feel like there’s something wrong with a deal, walk away. There’s always another one. #wholesalinghouses #wholesalingrealestate #wholesalerealestate Helpful Links Buy our Perfect Seller Appointment Checklist. https://www.disruptors.com/checklist Want to close more deals without spending any more money? Go to 👉:https://www.disruptors.com Give us a follow: Instagram: https://www.instagram.com/steve.trang TikTok: https://www.tiktok.com/@stevetrang Facebook: https://www.facebook.com/stevetrang Twitter: https://www.twitter.com/stevetrang Real Estate Resources: Find out more about wholesaling by joining our movement at https://l9aljqz8k7.wpdns.site Join Our Private FB Group: https://www.facebook.com/groups/realestatedisruptors/ Download the OfferFast app for the best off-market deals : http://www.offerfast.com Need fast, reliable skip tracing? https://www.skipfast.com About Steve Trang Steve Trang (https://www.stevetrang.com) is the founder of the Real Estate Disruptors. He started his podcast in the middle of 2018 to inspire wholesalers and real estate agents to double their incomes by adding a 2nd leg to their business. The podcast has now grown to tens of thousands followers with new members of the community sharing their success story every week. Steve also created the OfferFast Homes app. The purpose of the app is to help wholesalers jump start their career faster by putting all of the buyers in one place. The hope is to minimize the challenge of building a buyer list when getting started in wholesaling. Steve’s legacy will be to create 100 Millionaires. One of his favorite quotes is from the great Zig Ziglar: “You can have everything in life you want, if you will just help enough other people get what they want.” He heard this quote when he first got into real estate, and it has stuck with him throughout his entire career. In fact, it’s essentially one of the core values Steve lives by. Since starting the Stunning Homes Realty in 2013, the brokerage has over 130 agents. In the greater Phoenix area, SRH has almost 1% market share. One out of every 137 homes in Phoenix metro is sold by Stunning Homes Realty (https://www.stunninghomesrealty.com). The post Private Money Lending (Don’t Get Scammed!) appeared first on Real Estate Disruptors.

Transcript

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0:00.0	Hey everybody, thank you for joining us for today's episode of Real Estate Disruptors.
0:03.5	Today we've got Blake Selby with Selby Enterprises.
0:06.6	He flew in from Davenport, Iowa to talk about how he built a 300 plus unit portfolio and turned that into $2 million liquid.
0:13.3	And the lessons he learned along the way to avoid getting scammed when you're lending.
0:17.8	If this is your first time tuning in, I'm Steve Trang, sales trainer,
0:21.1	for some of the top wholesalers in the country, and I'm a mission to create 100 millionaires.
0:25.9	The question I get all the time is how to become one of the 100 millionaires. The information
0:29.7	on this podcast alone is enough for you to become a millionaire in the next five to seven years.
0:34.0	If you will take consistent action, you will become one. If you want to get there faster,
0:38.5	send me a DM on Instagram, and we'll see if we can help you. If you get value out of the show today,
0:43.4	please tag your friend below. Share this episode right now. That way we can all grow together. And this is a live
0:48.6	show, so please ask your questions for Blake to answer. You ready? I'm ready. Let's do it. All right. So first question is,
0:54.7	what got you into real estate? Yeah, so short answer is I just didn't see another path. And so
1:01.2	I think it's always been in my blood. My great-grandfather owned Chevrolet dealership. My grandfather
1:06.5	was the head real estate buyer from Ford Motor Company, all of it. And then my father was in business as well.
1:12.8	So it's just kind of always been in my blood.
1:15.2	I knew I needed to do something like that.
1:17.2	The head buyer for Ford Motor Company.
1:19.5	Yep, global real estate buyer.
1:21.0	Global, not even national.
1:22.1	Yep.
1:22.5	Global.
	...

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