#147: 7 Tips to Lend Successfully on Your First Private Money Loan

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By Jay Helms. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

This episode almost cost me $20,000 to produce but with some helpful tips from my attorney and tactics from members of the W2 Capitalist Mastermind Members, my first attempt at lending private money ended beautifully. Learn from my mistakes.

EPISODE SPONSOR: BANK ON YOURSELF

KEY TAKEAWAYS:

  • Tip #1: Secured, 1st Lien Position by Real Estate ALWAYS
  • Tip #2: Do Your Due Diligence
  • Tip #3: Communicate and Communicate Often
  • Tip #4: Skip Tracing
  • Tip #5: Dealing with Ghosting
  • Tip #6: Attorney's Conflict of Interest
  • Tip #7: Trust Your Gut

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161 episodes