You went from 0 to 100 real quick! I thought I would hear a few things I've heard before, but I was wrong. Everything was brand new, and easily digestible. I have never received as much value on any channel, as I have today!
Great. I’m trying to close a 150 k gap in a project rehab in east hampton paid 2.1 appraised 90% done at 4.5. First project - borrowed 1.2 from a fund. Can’t wait to flip it.
Bro I’m a huge fan of yours I started following you back in 2020 from a Tiktok you posted about east ways to make money…I’ve been stuck trynna figure out my own questions about finding lenders, how I come up with numbers and what to do till you posted this video!! I still have questions but this helped me out a lot!! I love your work man hopefully one day I can get into one of your tutoring sessions.
Awesome Content. For me the most critical piece of this is knowing..How do you "run the math" based on the number of investors you have in a deal (ex. More than 2 ppl) and how much equity they should get back based on the amount of money they invested and the profit the property generated while holding the asset and when the asset is sold?
My private money lenders never get equity. two people $100K invested each so $200K total at 10% er year is $24K TOTAL in interest... if I sell in 6 months and pay them back it is pro rated and I pay them each back $106K ($12K TOTAL in interest) and I keep 100% ownership of the deal
Great video, in this high rate environment we are in right now private money is not much more expensive than a primary residence mortgage and cheaper than a SBA loan!
Hey Austin, this video is great but some feedback that I can give would be maybe to just tone the music down a little bit more so we can fully pay attention to the seminar video!
Great video! I have a inherited property that I need to rehab and sale. This is how I am entering the real estate industry! I need to find a lender. I will look into this!
These are real smart resourceful ideas. Well Its been difficult for me to find a private lender for some couple of months now still intrested anyone who's into this or has someone I could be referred. I appreciate.
I have great personal and business credit and history, business 10+ years, I earn 100k a year, what is the best method for me to buy a home under my llc that’s a fire job (I have a contractor I’ve worked with extensively before). I’d like to buy the home fix it up and rent it out. I already have a few qualified people who want to rent it out. The home is 150k and great school district. What is the best finance method for me to buy the home and get a line of credit to fix it up?
You have the means to qualify for a conventional loan, put the renovations on your credit cards and refinance out put it on the market. Make sure you run ur numbers correctly I use the 70% of gross rental income - mortgage payment = cash flow
Another great video Brother! As a relatively new investor I can see that I need to move beyond Hard Money if I really want to scale. I have a two-part question I hope you can help me with. If I have an investor with say $40k towards a $240k, should I be having them wire that money to the title company over writing a check to my LLC? Also, if they are investing $40k and I have a Hard Money Lender funding the rest, should I be giving promissory notes and mortgages on that amount of money? Thanks for sharing.
And then the dentist discovers that he should have kept his GameStop instead of giving money to you because he would have been 50 million dollars richer so at the end of the story he shoots himself but that part of the story isn't told and you look like the hero on UA-cam. But hey whatever makes you feel good. You see there's always two sides of a coin but you're the only one telling your side. The thing is you're telling people you want them to take money out of their 401K which is the dumbest thing a person can do if the other person decides to screw you over. Notice how you only show the positive sides and you never talk about any of the risks or what can happen if a person like you F ups.
Depends on when he got the GameStop stock not everybody got rich off that a lot of ppl lost money. Unlike buying GameStop stock at the wrong time and F’n up your life savings in real estate there’s many different exit strategies so if you F up a fix and flip there’s other options to ensure your lenders don’t lose. As investors we’ll take a L before we let our investors take a L you don’t want to loose a PML
Hey I need help I have a private lender looking give me 100k to invest and I was looking do brrrr but wasn’t sure if I’ll be able use hard and the private lender to do the deal. Is that even possible to use both?
Man’s spilling a huge wealth of knowledge here. I’m a finance major in college going into my senior year and still haven’t learned any of this stuff 😂
Some of it is true also…😂
Sadly they don’t teach real money management and investing in collage.
Can't believe this video only has 450 views. He's dropping gems for free. Thanks brother
@Joshuan.. this knowledge is huge and for free. most people u have to pay for a course to get this information. Plz send me those tips and pattern 🙏
You went from 0 to 100 real quick! I thought I would hear a few things I've heard before, but I was wrong. Everything was brand new, and easily digestible. I have never received as much value on any channel, as I have today!
Great. I’m trying to close a 150 k gap in a project rehab in east hampton paid 2.1 appraised 90% done at 4.5. First project - borrowed 1.2 from a fund. Can’t wait to flip it.
Borrowed from a fund? What does that mean exactly if you don’t mind sharing?
Bro I’m a huge fan of yours I started following you back in 2020 from a Tiktok you posted about east ways to make money…I’ve been stuck trynna figure out my own questions about finding lenders, how I come up with numbers and what to do till you posted this video!! I still have questions but this helped me out a lot!! I love your work man hopefully one day I can get into one of your tutoring sessions.
Honestly you make the most sense with all this how to get rich talk on UA-cam thank you!!!
Awesome Content. For me the most critical piece of this is knowing..How do you "run the math" based on the number of investors you have in a deal (ex. More than 2 ppl) and how much equity they should get back based on the amount of money they invested and the profit the property generated while holding the asset and when the asset is sold?
My private money lenders never get equity. two people $100K invested each so $200K total at 10% er year is $24K TOTAL in interest... if I sell in 6 months and pay them back it is pro rated and I pay them each back $106K ($12K TOTAL in interest) and I keep 100% ownership of the deal
Great video, in this high rate environment we are in right now private money is not much more expensive than a primary residence mortgage and cheaper than a SBA loan!
Hey Austin, this video is great but some feedback that I can give would be maybe to just tone the music down a little bit more so we can fully pay attention to the seminar video!
Austin the shoes 👞 are 🔥
Great video! I have a inherited property that I need to rehab and sale. This is how I am entering the real estate industry!
I need to find a lender.
I will look into this!
Lets gooooo excited for you!
i will probably watch this video 5 times. Real gems being dropped
These are real smart resourceful ideas.
Well Its been difficult for me to find a private lender for some couple of months now still intrested anyone who's into this or has someone I could be referred.
I appreciate.
Great content 👏🏽😊
Thank you!!
Lovely video. Can you talk more about if the lender whats equity in the deal. I’m not sure what you mean
I swear UA-cam is the best thing that happened after Google....#knowledge
Glad it was beneficial!
How much do I need to start a private money lending? I only have 25k and are my life savings but I really want to start a business
Pool it with other people
Do you let the lender know you plan to refinance asap to pay them?
Yes for sure
Does it make sense to find a deal first of the PML first?
Thanks
I have never had to provide my tax returns to a hard money lender
I have great personal and business credit and history, business 10+ years, I earn 100k a year, what is the best method for me to buy a home under my llc that’s a fire job (I have a contractor I’ve worked with extensively before). I’d like to buy the home fix it up and rent it out. I already have a few qualified people who want to rent it out. The home is 150k and great school district.
What is the best finance method for me to buy the home and get a line of credit to fix it up?
You have the means to qualify for a conventional loan, put the renovations on your credit cards and refinance out put it on the market. Make sure you run ur numbers correctly I use the 70% of gross rental income - mortgage payment = cash flow
Another great video Brother! As a relatively new investor I can see that I need to move beyond Hard Money if I really want to scale. I have a two-part question I hope you can help me with.
If I have an investor with say $40k towards a $240k, should I be having them wire that money to the title company over writing a check to my LLC?
Also, if they are investing $40k and I have a Hard Money Lender funding the rest, should I be giving promissory notes and mortgages on that amount of money?
Thanks for sharing.
Lost everyone at “take out a line of credit for 300k on your home” lol most these ppl worked 30 years to have them payed off
Are you paying them an interest rate or a rate of return ?
interest rate based on how long we use their money for
And then the dentist discovers that he should have kept his GameStop instead of giving money to you because he would have been 50 million dollars richer so at the end of the story he shoots himself but that part of the story isn't told and you look like the hero on UA-cam. But hey whatever makes you feel good. You see there's always two sides of a coin but you're the only one telling your side. The thing is you're telling people you want them to take money out of their 401K which is the dumbest thing a person can do if the other person decides to screw you over. Notice how you only show the positive sides and you never talk about any of the risks or what can happen if a person like you F ups.
Depends on when he got the GameStop stock not everybody got rich off that a lot of ppl lost money. Unlike buying GameStop stock at the wrong time and F’n up your life savings in real estate there’s many different exit strategies so if you F up a fix and flip there’s other options to ensure your lenders don’t lose. As investors we’ll take a L before we let our investors take a L you don’t want to loose a PML
Hey I need help I have a private lender looking give me 100k to invest and I was looking do brrrr but wasn’t sure if I’ll be able use hard and the private lender to do the deal. Is that even possible to use both?
All things are possible
Yes it is