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Learn how to make money in real estate. We cover news, trends, styles, markets, demographics, and technology that affect real estate investing. We also talk to market leaders and trend setters. Lastly, there's a bit of how-to information on nearly every show, with topics, Q&A from listeners, and presentations from our guests. Learn how to make and grow a fortune in your spare time or as a new career.

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  2. Flipping America 412, Get a Hard Money Loan

Flipping America 412, Get a Hard Money Loan

Sep 20, 2020

Real estate investing takes two or three things to work well. The first thing is a value-add property. The next is your ingenuity and effort. The third thing is usually the money to do the deal. That seems to be the hardest part, but if you have the right kind of deal, it can be very easy to get. They call it hard money but not because the loan is hard. It’s because the loan is made using the hard asset as collateral. The loan depends primarily on the current and future value of the property. And the loan is often made not based on creditworthiness of the borrower but by the confidence the lender has in the borrower to get that property into a condition that would bring the future value. 

You’ll hear all about it today with our friends from Bay Mountain Capital, Will Dyer and Wayne Corley. That’s coming up in just a few minutes. 

How to contact us

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Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub.com

Announcements:

  • The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.  
  • Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
  • FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities . 
  • “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

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Motivational Quote:

I have yet to be persuaded by anyone yelling at me and calling me names. Talk it out, America. -Roger Blankenship