Private Lending - How To Become A Private Lender скачать в хорошем качестве

Private Lending - How To Become A Private Lender

Learn How Real Estate Private Lenders Make Money. Here's A Quick Video Explaining How To Become A Private Lender... Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I've got a quick video on becoming a Real Estate Private Lender. Step 1: Establish Your Financial Strength Can you afford it? Managing your expenses - don't put yourself or your family in financial ruin Have a buffer Step 2: Decide Your Loan Criteria Residential or Commercial Short Term or Long Term - specify months Single family? 1 to 4 bedroom? Non-Owner occupied? Broker's price opinion or comparable appraisal Proven track record? LTV? - 60%? 80% Interest Percentage (accrues monthly)? Points (Percent charged at closing)? ROI - 6%? 12% - What type of returns would you like on your money? Step 3: Find Borrowers Everybody needs money You just need to pick the people that fit your criteria Spend time and stick to your criteria Step 4: Make Sure Your Paperwork Is Good Verify it with an attorney, or have them draft something that protects you 100% Promissory Note, Lenders Agreement, etc... Review terms with borrower Sign all paperwork Step 5: Go Through The Right People and Start Lending Use your Escrow Company Use your Title Company Get Paid Plain and simple. don't become a Private Lender if you don't take the time to understand the risks and how to mitigate those risks. You should never give anyone money directly: NEVER just 'write a check to your friend' and hope that the money gets back to you someday. Not even family members. Be smart. By all means, learn about the process of Private Lending: The risks, the law, and how to protect your money! As always, do your due diligence! If you don't have the time but the money, then consider working with a private lending company with a solid track record, to manage your money. In the end, we all want better returns on our money; Becoming a private lender offers those returns. Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing. Watch This Video on REIClub.com: https://reiclub.com/real-estate-video... ================================================ 🔔 Subscribe for more videos like this: https://www.youtube.com/reiclub?sub_c... FREE RESOURCES FOR YOU ================================================ 📝 Seller Forms Package: https://reiclub.com/free-seller-forms/ 📝 Contractor Cheat Sheet: https://reiclub.com/contractor-cheat-... 📖 "Think And Grow Rich" Book: https://reiclub.com/think-and-grow-ri... 📖 Other Real Estate Books: https://www.amazon.com/William-Johnso... REICLUB SOCIAL SITES ================================================ 👥 Facebook:   / reiclub   👥 Facebook Group (Unemployables):   / unemployables   🐦 Twitter:   / reiclub   📸 Instagram:   / reiclub   #reiclub #unemployables #onedealaway #realestateinvesting    • Private Lending - How To Become A Private ...