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The Private Lender Podcast
Jul 30, 2018
PLP-031 Have we already entered the next market correction?
Play • 13 min
HAS THE MARKET TOPPED OUT?
More episodes from The Private Lender Podcast
1 day ago
PLP-131 Three Strategies for Private Lending with Less than $50,000
Hello Private Lender nation and welcome to episode 131 of the Private Lender Podcast, I’m your host, Keith Baker and I’d like to thank you for sharing your time and your ears with me today. Love the show? Subscribe, rate, review, and share! http://privatelenderpodcast.com/blog/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/ (Here’s How ») If you’re seeking practical tips and advice on how to increase wealth without banks or wallstreet through private mortgage lending, then you are in the right place. But if you want to learn from my mistakes so you can both avoid and profit from them - well then pull up a chair and pour yourself a drink my friend, because this podcast is just for you! In today’s episode, we’ll go over 3 ways you can start lending with less than $50,000. But before we get to the heart of the matter, first I need to do a little housekeeping. 1 - Have you joined the Private Lender Podcast Facebook group? Well why not? Head over to the show notes for the link or simply search Facebook groups for the Private Lender Podcast. https://www.facebook.com/groups/674936429994760 (Private Lender Podcast Facebook Group) 2 – And most important of all, the Private Lender Academy is launching in just a few weeks and if you would like to get on the list for pre-launch bonuses like discount codes, then head over to PrivateLenderAcademy.com and click on “Apply Now”: provide some background on your investing experience and goals http://privatelenderacademy.com/apply/ (Apply – Private Lender Academy) The Private Lender Academy is slated to launch in mid-July, which is still after July 4th weekend, so I’m not a complete liar. Look, it’s a lot more than I thought it would be, but I will bring it across the finish line: come hell or high water. OK, the housekeeping is finished and now it’s time to get down to the brass tacks of today’s episode: 3 ways to lend with less than $30,000. 1 – REIT - Real Estate Investment Trust: A company that owns, operates, or finances income-producing properties Pay a minimum of 90% of taxable income in the form of shareholder dividends each year · Modeled after mutual funds – most publicly traded on public exchanges – provides liquidity · Do not provide much capital appreciation · Usually target a specific asset class/sector Multi-Family Commercial Mobile Phone Towers Hotels Data Centers Retail Timberland Warehouse Most are equity REITS Some are Mortgage REITS which lend to operators or purchase mortgage-backed securities 2 – Real Estate Fund Think - hard money loans on Single Family Residences: o Fix and Flip o Buy and Hold o Commercial/Multi-Family · You provide capital at an agreed interest rate · ~ 1 year minimum · Quarterly interest payments · ~ 90 notice to receive return of principle http://privatelenderpodcast.com/episodes/plp-043/ (Episode 43) with http://privatelenderpodcast.com/episodes/plp-043/ (Tom Berry) from Investor Loan Source. Great way to see due diligence (loan packages) while someone else does all the work 3 – Lend to Owner Finance investors Provide the purchase capital in the first position Your lien is “wrapped” by a second mortgage from your borrower to the end- buyer 3 – 5 years 8% Mitch Stephen...
Jun 14, 2021
PLP-130 The Fourth Cure For A Small Account Balance
The Fourth Cure for A Lean Account Balance Hello Private Lender nation and welcome to episode 130 of the Private Lender Podcast, I’m your host, Keith Baker and I’d like to thank you for sharing your time with me today. If you’re looking for practical tips and advice on how to keep your money safe as a Private Lender, then you are in the right place. But if you want to learn from my mistakes so you can avoid them, well then pull up a chair and pour yourself a drink my friend, because this podcast is just for you! In today’s episode, we will continue with our monthly lesson from the book the Richest Man in Babylon. Today’s lesson is the 4th cure for a lean account, but before we get to the heart of the matter, first I need to do a little housekeeping. 1 - Have you joined the Private Lender Podcast Facebook group? Well why not? Head over to the show notes for the link or simply search Facebook groups for the Private Lender Podcast. https://www.facebook.com/groups/674936429994760 (Private Lender Podcast Facebook Group) 2 – And most important of all, the Private Lender Academy is launching in just a few weeks and if you would like to get on the list for pre-launch bonuses like discount codes, then head over to PrivateLenderAcademy.com and click on “Apply Now”: provide some background on your investing experience and goals http://privatelenderacademy.com/apply/ (Apply – Private Lender Academy) The Private Lender Academy is slated to launch after July 4th weekend! OK, the housekeeping is finished and now it’s time to get down to the brass tacks of today’s episode: the 4th cure for a lean account. And like so many lessons in life that we should heed, the principle is quite simple, but we humans seem to have trouble with the execution. The 4th cure for a lean purse points precisely to the first Core Value of a Private Lender: ROI1 - Return of Investment. Let’s get to it, and listen to what Arkad tells his students: “Misfortune loves a shining mark. Gold in a man’s purse must be guarded with firmness, else it be lost. Thus it is wise that we must first secure small amounts and learn to protect them before the Gods entrust us with larger ones. Every owner of gold is tempted by opportunities whereby it would seem that he could make large sums by its investment in most plausible projects. Often friends and relatives are eagerly entering such investment and urge him to follow. The first sound principle of investment is security for your principle (Return OF Investment). Is it wise to be intrigued by larger earnings when your principle could be lost? I say not. The penalty of risk is probable loss. Study carefully, before parting your money, each assurance that it may be safely reclaimed. Do not be misled by your own romantic desires to make wealth rapidly. Before you loan it to any man assure yourself of his ability to repay and his reputation for doing so, that you may not unwittingly be making him a present of your hard-earned money. Before you entrust it as an investment in any field acquaint yourself with the dangers which may threaten it. My own first investment was a tragedy to me at the time. The guarded savings of one year did I entrust to a brickmaster who was traveling over the far seas and in the city of Tyre agreed to buy for me the rare jewels of the Phoenicians. These we would sell upon his return and divide the profits. The Phoenicians were scoundrels and sold him bits of glass. My money was lost. Today, my training would show me at once the mistake I made of entrusting a brickmaster to buy jewels. Therefore, I advise you from the wisdom of my experiences: do to be too confident in your own wisdom by entrusting your wealth to the possible pitfalls of investments. It is by far better to consult the wisdom of those experienced in handling money for profit. Such advice is freely given...
Jun 7, 2021
PLP – 129 Jill Underwood On How Various Market Cycles Of The Past Shaped Today’s Real Estate
Looking back at history is always a great way to discern how we got into the present. Joining Keith Baker to reflect on the previous market cycles of real estate is https://jillunderwood.com/ (Jill Underwood). Together, they discuss the implications of the different crises and crashes the country has faced. Jill explains how the platforms of US Presidents directly affect the growth - or decline - of the real estate market. She details how the nation's debt plays a role in keeping rates low, which is pretty clear with today’s pandemic-hit society. The two also discuss the new tax credit policy rolled out by the Federal Reserve System and the right approach to these free money situations. --- Jill Underwood On How Various Market Cycles Of The Past Shaped Today's Real EstateJill Underwood Discusses The Current Market Conditions And Compares Them To Previous CyclesI'd like to thank you for sharing your time with me. If you're looking for practical tips and advice on private lending and how to keep your money safe, then you are in the right place. If you want to learn from my mistakes so that you can both avoid them and profit from them, pull up a chair and pour yourself a drink, get a notepad and a pencil, take some notes because this show is for you. I'm dedicated to giving people like you and me the knowledge and confidence for successful and profitable private lending. If you're looking to join a community of private lenders, then head over to the show's Facebook group to connect with other private lenders, to share experiences, stories, and opinions that are not political, sexual, or religious. Simply go to Facebook groups and search https://www.facebook.com/groups/360119521502949 (Private Lender Podcast Group). I hope everyone is doing well since summer has officially begun. We are into the month of June 2021, the back end of the second quarter. There's a lot of fun stuff coming out. The Private Lender Academy is going to launch in July 2021. Stay tuned to http://www.PrivateLenderAcademy.com (PrivateLenderAcademy.com) for more information on that. I'm looking forward July 6th, 2021, July 7th, 2021 launch date. Go to http://www.PrivateLenderAcademy.com/apply (PrivateLenderAcademy.com/apply) to go ahead and get on the list for your chance to get some goodies like discounts or pop-up Facebook coaching calls. You will be able to participate via Facebook. You'll have to come in through Zoom. Get on the list for those early-bird discounts and goodies. Before we get to the brass tacks of this episode, I wanted to say that I have not had a retail mortgage loan officer on the show yet on purpose. One has been on my list but I wanted someone that could bring a little more. It's not that I haven't been approached. I have several friends that are loan officers but unfortunately, I didn't feel that anyone clicked or stood out as someone who could provide something different and unique to the audience here. This episode’s guest is different because I sought her out, asked her to come on this episode, and share her experience with us for two reasons. One is her driven spirit and can-do attitude. She'll find a way. She'll figure it out. No problem is too big. I liked that. Also, her experience. She has so much experience with several market cycles. Our guest has been in the mortgage industry since she was 21 years old. She began as a receptionist, quickly rose through the ranks and became a loan officer. She's been through and survived the savings and loan crisis that started in 1986 and went into the 1990s, the dot-com bubble of 2000, and the Great Recession or global financial crisis of 2008. She didn't just survive these. She thrived through them. Let's get to the heart of the matter and to the interview with https://jillunderwood.com/ (Jill Underwood). --- Please help me welcome Ms. https://jillunderwood.com/ (Jill Underwood) to the show. Jill, welcome. Thank you. I'm so happy to be here. I'm excited.