Private Money Lending For Real Estate

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Private Money Lending For Real Estate | Pros and Cons

Рет қаралды 3,143

Күн бұрын

Have you ever considered becoming a private lender within real estate investing, but are not sure of the benefits or drawbacks? In this video, I provide the pros and cons to private money lending for real estate.
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About Ryan Ingram:
I believe the meaning of life is to become the best version of yourself for the benefit of all those around you.
Over the past 3 years, I have made drastic improvements to my life. Mainly, because my wife and I had our son; it was very important for us that she be a stay at home mom.
Unfortunately, on my salary in law enforcement, I couldn't make that happen.
I questioned my abilities as a provider, and for a brief time, even as a man.
I dedicated myself to read one book per day until I learned how to solve this problem.
3 years later, we have a few businesses and over 60 rental properties.
We made sacrifices along the way, but I learned the power of mentorship. I know the importance of finding someone willing to help and guide you, even if they are just a few steps ahead.
#realestate #realestateinvesting #privatemoney

Пікірлер: 5

@arjunn1321 11 ай бұрын

Great video, thanks for the info!

@cd2545 9 ай бұрын

What are the legal steps to setting up a private money business?

@mentalgain 7 ай бұрын

I'm confused about that 40K van purchase lending scenario you laid out. You said that you: 1. Bought your wife a new van and, "we spent like $40 grand"... 2. And then you said: "Instead of taking that $40 grand and using it to by that asset, I took that $40 grand and lent it out at 12%"... This is where my confusion begins because you just said you bought the van with the $40 grand, and then in the next sentence you say "instead of taking that $40 grand and using it to buy that asset, I took that $40 grand and lent it out at 12%"... Instead of buying what asset, the van you just said you used the $40 grand on? And then you go on to say at the end of it all you will have recouped your $40 grand AND you'd have the van. Please clarify for an old fog brain such as myself.

@RyanIngram 7 ай бұрын

I financed the van through the dealership at 1.9%. The loan is about $650 per month. I lent the money out at 12%. The 12% interest rate yields $400 per month that I use to help make the car payment. So, I’m left with paying the $250 difference. When the loan is paid back from the van, I’ll keep the van with no loan. When the money I lent out comes back, I’ll have the $40,000 and the van. Usually when I lend money, it’s a 2-5 year term at 12%. So at the end of the 2-5 year period, the borrower will return the principal balance in a lump sum. Does that help?