Ever wondered how a single investment gone wrong could pivot into a lucrative business, lending over $20 million? We sat down with the maestro himself, Yoav Gilad, who made this possible, along with his uncensored insights into the world of private lending and real estate. This episode encapsulates Yoav's journey from his 9-to-5 job to his successful transition into the private lending industry, including the lessons learnt from his initial setbacks.
Yoav takes us back to his first loan experience, which unfortunately ended in a loss, but as he rightly mentions, “Failures are the pillars of success.” He shares how this experience helped him make wiser choices and eventually led him to establish a thriving lending business. You'll gain first-hand knowledge of the underwriting process and how he and his wife advanced from a $10,000 loan to a staggering $130,000 loan.
Finally, Yoav brings clarity to the often complicated underwriting process by sharing his practical tips for both lenders and borrowers. He underscores the importance of credit scores, background checks, project scopes, and having a robust exit strategy. Additionally, Yoav explains how he achieved financial freedom and provides actionable steps, drawing from his personal experiences in risk management. This is one conversation you don't want to miss if you're seeking to navigate the exciting yet challenging world of private lending. Tune in to absorb Yoav’s golden nuggets of wisdom.
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