Most people in the real estate investing industry know what a hard money loan is. Some can get money cheap, others pay a lot for their loans. We bring on Rick Bresler to talk about the ins and outs of acquiring hard money lending for real estate investing.
EP194: Hard Money Lending – What You Need to Know ft. Richard Bresler
Resources
Good Success.com
30 Days to Good Success
https://www.amazon.com/30-Day-Good-Success-Journey/dp/1691787477
Katy Capital Investments
https://www.katycapitalinvestments.com/
Show Notes
[6:46] Who is Richard Bresler?
[7:51] Is money lending something you’ve always done, or something you fell into?
[13:05] Can you walk us through your first deal?
[14:44] What kind of loans do you do, and how do people find you?
[16:09] Where do you loan to?
[16:27] Has private lending changed a lot throughout the last few years?
[20:14] What is the average amount of time that it takes for someone to pay back a loan from you?
[25:28] Would you mind sharing some of your ugly deals?
[29:29] Is it true that in Texas the foreclosure time is a lot shorter?
[30:09] What are some of the good deals you’ve had?
[38:97] I’m assuming you’re not doing this alone.
[40:21] What does Good Success mean to you?
[42:10] If there was one thing you had to leave the audience with what would it be?
[44:16] Do you have a meetup group?
Quotes
“There is no risk free investment.” -Richard Bresler
“Never stop learning.” – Richard Bresler
