Ditch the Landlord Life: How to Become a Private Money Lender & Earn Passive Income! 🏡 ➡️ 🏦
Tired of toilets and tenants? Want to invest in real estate without buying properties? Join Scott Carson as he interviews Ashley Edwards, attorney, real estate investor, and private money lending strategist! Discover how to leverage your 401k or savings to fund real estate deals and become the bank!
In this episode, you'll discover:
- Ashley’s Introduction To Private Money Lending: Discover her start and drive to private money lending.
- What inspired her to do it: What the power clients of her mentor used to do it right.
- The Private Lending Mindset: Why it always pays to be the bank, whether owning the debt or creating it.
- State Specifics: Why Texas is such a safe place to invest your money.
- How to Get Started:
- Using your old 401k or savings to fund deals.
- The importance of education and knowing your industry.
- Why she recommends investing in the areas you understand.
- Building Connections and Relationships: the key ingredient for success.
- Creating Systems: Building a team, and having resources to learn from.
- What's the most important aspect that you should be aware of before you take on private lending? How many people think there is a ton of regulations.
- Key Documents for safe investing What is needed for you to have great success.
- Due Diligence Essentials: What to look for in comps, scope of work, and borrower qualifications.
- Security types What security do you have with those micro loans
- Terms & Conditions: Knowing what kind of terms you should be setting up before taking on loans.
- Calculating Returns: How to calculate profits
- How did you end up getting those initial files set up here in Texas? Who to reach out to, and how they helped.
- What are you looking to do or achieve with your business long term?
- Why lending to General Contractors is always ideal!
Ready to unlock a new path to financial freedom? Tune in now to discover the power of private money lending and start building wealth outside of Wall Street! 🚀 💰
Check out Ashlee's Private Lending Training HERE!
Watch the Original VIDEO HERE!
Book a Call With Scott HERE!
Sign up for the next FREE One-Day Note Class HERE!
Sign up for the WCN Membership HERE!
Sign up for the next Note Buying For Dummies Workshop HERE!
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