How to Find/Leverage Private Lenders 2023
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A real estate investor from St. Louis shares his experience of raising over 60 million dollars from private lenders and owning a 42 million rental portfolio without using his own money. He emphasizes the importance of private lenders in the investing career and how they can change one's life. The speaker is actively investing in various projects, including buying a hotel and turning it into airbnbs, flipping houses, and buying apartment complexes. He mentions that the market is hot right now, with high interest rates and some banks facing liquidity issues.
The speaker explains that private lenders are not necessarily super wealthy people, but rather individuals who have a little bit of extra money and are willing to diversify their investments. They are often found through personal connections, such as family friends, bosses, or senior management at work. The speaker emphasizes the importance of building relationships with private lenders and providing them with a guaranteed return on their investment. He gives examples of students who have found private lenders through their insurance agents or bookkeepers.
The speaker suggests finding private lenders to buy distressed assets and fix them up, then selling or refinancing to pay off the lender. To convince a private lender to lend you money, the speaker recommends emphasizing the value of real estate as an asset class and giving them a personal guarantee of their return. He also provides tactical advice on how to secure funding for real estate investments, such as signing a promissory note, buying an LLC, and getting a lien or deed to secure the lender's investment.
Overall, the video provides valuable insights into the world of private lending and how it can be used to invest in real estate without using one's own money. The speaker encourages viewers to share the video and follow him on social media for more information.
A real estate investor from St. Louis shares his experience of raising over 60 million dollars from