How to Use Private Money & Direct Lending to Buy MORE Real Estate

Private money is a “secret weapon” for real estate investing, allowing you to dodge the major banks and fund real estate deals on your terms. But just how easy is it to get this type of funding? The answer might surprise you. You don’t want to miss this masterclass on direct lending!
Welcome back to the “Real Estate Rookie” podcast! Concluding our three-part miniseries on the fundamentals of funding, we’re diving into direct lending with investor and fellow BiggerPockets host Henry Washington. In this episode, he covers the different types of direct lending options that are available to new investors-including private money and hard money-and discusses the many reasons why he uses them to build his own real estate portfolio!
Unfortunately, too many investors adopt a scarcity mindset and throw themselves at the mercy of any big bank that might finance their deals. Henry’s about to prove why lenders need YOU more than you might think and teach you how to craft the perfect private lending pitch from that position! He also shows you how to properly vet a lender and shares what you can do today to build relationships with the smaller lenders in your community!
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Join BiggerPockets for FREE 👇
www.biggerpockets.com/signup?...
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
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Property Manager Finder:
biggerpockets.com/findapm
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Check out Henry’s New Book, “Real Estate Deal Maker”:
store.biggerpockets.com/produ...
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Listen to Henry on the “BiggerPockets Real Estate” and “On the Market” Podcasts:
The “BiggerPockets Real Estate” Podcast: link.chtbl.com/BPRE
The “On the Market” Podcast: link.chtbl.com/OTM
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Real Estate Rookie 408 - Fundamentals of Funding: How to Find the Right Lender for Your Next Rental w/Joe Coleman:
www.biggerpockets.com/blog/ro...
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Real Estate Rookie 409 - Fundamentals of Funding: How to Get Approved for a Mortgage (Step-by-Step) w/Jeff Welgan:
www.biggerpockets.com/blog/ro...
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Connect with Henry on BiggerPockets:
www.biggerpockets.com/users/h...
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or / wealthfromrentals
Tony: @tonyjrobinson or / tonyjrobinson
Show notes at: link.chtbl.com/Rookie
00:00 Intro
01:17 What Is Direct Lending?
05:53 Building Relationships
11:55 How to Vet a Lender
20:17 Working with Private Money
28:14 The Perfect Private Money “Pitch”
33:59 What If You Can’t Pay?
40:00 Connect with Henry!

[@mlena1285]

I love this episode!

[@delontamcclain4571]

Personally, I really appreciate you guys touching on the topic of "What happens if you can't pay" these are conversations that need to be discussed. Thank you !!!

[@LubaSantelo]

Awesome presentation I like it

[@alwaystamcam8849]

I REALLY enjoyed this podcast. Great chemistry! Please have Henry on the show more often. ❤

[@dhowto3005]

Thank you! This is valuable information!
Looking forward to Mr. Henry Washington's book!

[@richardjudge2322]

Great Episode. Thank You Tony and Ashley

[@peace-1712]

Gems in here! Thank you!

[@peace-1712]

Would love to read the book! Hope there is an Audio book 😊

[@antoniostephano]

@20:15 I had the same issue. I made a "cash" offer for. NY property (Albany) relying on hard money and the process included an appraisal and other rhings that delayed. The seeler was angry and even my closing attorney said i should have revealed that the ourchase was being financed. I paid thousands more to the seller to keep the deal due to the delays and the closing attorney made ot clear theie firm would not work with ke on the future. Lesson learned.