Me: “What’s your exit strategy.” Client: “Refi. This is a BRRRR.” Me: “Your credit score is below 620. I don’t think thats attainable.” Client: “Do you take street cred?”

200+ New Followers in 2 Weeks... Here's a little bit about me: - 27 years old - 22 ACT in high school - #1 in Finance at College Graduation - Received $2.2 million from family biz exit (2018) - Turned it into $5.5 million (2023) - Hard Money Lending to $10 million NW

The first lines in any hard money lender playbook come from the Sage of Omaha. Rule #1: Don't Lose Money Rule #2: Never Forget Rule No. 1

I just talked to a contractor who I met through one of our clients. He has referred a few investors to us so far in 2024 and he's currently working on a job that we referred to him. He works fast and runs a professional operation. He told me some of the other HMLs his clients

3 Ways to Perform a Property Inspection When You Can’t Be On-Site (1) Third Party Inspection This is our primary choice when we can’t be on-site. You can use a nationwide service like Lender Consulting Services Inc. to complete your construction draw inspection or you can

Startup Costs for a Hard Money Lender: Website (web hosting, domain, etc.) - $500/year Google Suite (Email, Google Sheets, Slides, etc.) - $72/year Quickbooks - $180/year Email Marketing Service (Mailchimp) - Free Business Cards - $300/year REIA Memberships - $400/year Loan Doc

Dutch Interest And Why Hard Money Lenders Have to Charge It If They Are Lending Other People’s Money (OPM) Defining Dutch Interest Dutch Interest is when interest is charged on the full loan amount. This includes the portion of the loan amount known as the construction

Operating Account v. Trust Account All hard money lenders must have 2 accounts (ideally three): (1) Operating Account (2) Trust Account The Operating Account The Operating Account is where all of your business expenses and revenue should be captured. ALL EXPENSES END UP HERE:

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Rising Regulation Creates Wider Moats I learned this from my old man who built a 9 figure revenue company from his home garage. He truly built a pharmaceutical wholesale company from scratch: - No office - No warehouse - No employees - Just one credit card - And hustle/know-how

The #1 Mistake with Generational Wealth: Transfer of assets without transfer of knowledge.

The Most Important Days of the Month for a Hard Money Lender 1st of the Month - Pay Day You have three essential tasks on the first of every month. (1) Submit ACHs to Collect Borrower Payments (2) Update All Loans to Paid/Current (3) Send Borrower Notices for Payment *You

50% of my day is regularly scheduled habits. The other 50% is restoring order so my habits can thrive. I do what matters before restoring order and that prioritizes progress.

Loans Payments Should Always Pay on The First of the Month Here’s how you make this happen. Let’s say you originate a $100,000 loan on January 15th, 2024 paying an interest rate of 12% APR. Step 1: Calculate Per Diem Per Diem = Loan Amount x Annual Percentage Rate ÷ 360 In

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The Difference Between Hard Money Lending and Real Estate Investing x.com/i/broadcasts/1…

The realistic solution to worldly wisdom is not knowing the answer to every question, but rather knowing the right questions for every answer.