The Best Passive Income Strategy: Private Lending 101
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- Опубліковано 1 жов 2024
- The best truly passive income strategy. 10, 12, 15% 20% ++ Returns. Private Lending 101: What Rate, Risk, Term as an Investor & Borrower ?! 10 Criteria to Evaluate and make the right decisions on how to invest your money.
Private Lending 101: Rates, Risk, Term. How do you determine who to lend to? How do you determine the rate of return? What agreement do you use? What criteria do you use to evaluate an investment opportunity in private lending? How do you determine the risk of the project or the borrower? I tell you how!
Real Estate Investing Live Q&A behind the scenes filming LIVE on the Mike Rosehart Show!
#passive #lending #income
Apologies for the audio. We had a technical glitch and it’s not our finest hour. We were triple streaming to FB, YT & IG all at once.
Enjoy it for the content. It was too good to waste this 1.5 hours of footage.
Value is 🔥🔥
Erika R aww thanks
Awesome video! A wealthy person is simply someone who has learned how to make money when they're not working. - Robert Kiyosaki. You become financially free when your passive income exceeds your expenses. Thanks for this video! :)
How much usually 1st rental property cost is it certain range to look to make profit
Thanks for the excellent content. I've been going through the videos to watch all on the channel. This white board is way better! thanks so much for your amazing content. This is the video I've been searching for!! #private_lending
I wish the audio is fixed. This is too valuable to pass on…
Hi Mike,thanks for the content. Especially impressed on which age you realized this economic independence! It is so funny that I stumbled across this video as currently I am doing the same as you are. Getting loans backed up by my real estate and invest that money myself in flipping. Real estate in Poland, investors in dead-taxed Belgium. People don't know what to do with their money anymore and are happy with a 5-6% netto return in an almost riskless investment. It beats shares and most other riskier investment classes, that is for sure. Nice % you can offer too!
Audio so bad
Hi budd, nice stuff. In a VTB do you show the full price to the bank or price minus VTB?
Nahinh cruizer thanks.
Usually yes, it depends how you structured it I guess.
Mans need a new mic :D
Mikey. Cž not our finest hour. It wasn’t the mic, it was the audio mixer
Hey Mike, great content as always.
Any idea what time investment (training, networking) could be required to become a profitable private lender?
I currently have 100K sitting in a HISA and I'm looking for better returns.
Mr_Frugal it’s easy to become the bank and get better returns than what you have.. I’ll send you some strategies I’ve used if interested
Just diving into private lending, returns are amazing, am I wrong that the tax is 50% of the gain? Just as with any passive investment? 50% of something is better than...you know how it goes! Thanks for the vids!
Cindy Jones Sherk setup a Corp to lend and make it an active business at 13.5% tax with write offs - gas, phone, office if needed, car etc
@@MikeRosehart Thank you, I've been looking for info, and couldn't seem to find much, just need an accountant & lawyer. Really appreciate the response!
@@MikeRosehart I wonder... how to make a Corp an active biz? Just lending a few properties is a active biz? or Do I have to do something else?
Cindy Jones Sherk you shouldn’t be paying anything!! It should be tax free
first
J Cabral ❤️
what happened to your mic Mike?
Schubes we had a bad mixer issue.
I'm doing private lending at 2% a month in Cambodia.
You seriously need to improve your audio. Seek advice from a professional in broadcasting. The echo. Reveberb is very distracting. Your in a well.constructed of metal walls.
Steve Cartwright my camera guy had the wrong equipment - I agree. Honestly using an iPhone woulda been better than the device he used.
I believe this was put on a livestream as well so somewhere in my wise wealth shows you’ll find it around the same time as this video was released - better audio too.
Horrible audio
steel1583 I know thanks 😊
Couldn’t delete it though.
Just got a firm deal on my duplex. Not looking to be a landlord again. I thought I'd be interested in private lending but I'm just going to purchase MAW104, MAW120 and VBAL. It's all about risk vs reward right. If there's a crash in equities I'll move some of my bond allocation into more equities or canadian eligible dividend stocks. God damn, being a landlord in degenerate areas for 7 years really sucked. Was it worth it yes, would I do it again, no. I can't think of any other situation I'd describe like that lol.
Tyler P much easier to private than or get dividends than it is to manage tenants & properties. Return on time is important.
@@MikeRosehart Yep.. you know how it is.. You pretty much had to be a psychologist and a social worker to that degenerate that caused those damages. Been there done that.. I'm sure you have the same fond memories of being a handyman, a janitor, being a dad towards bickering tenants, I'm sure you had tenants who'd talk to you as if you were their son too because of your age. hmm what else.. a construction professional, have top notch bullshit detecting skills when dealing with both tenants and contractors. I have such a shittier outlook of the world from having been in this business. A lot has to do with the rules of the game in Ontario though.