DiscoverReal Estate RookieThe Rookie’s Guide to Finding Private Money for Your Next Property
The Rookie’s Guide to Finding Private Money for Your Next Property

The Rookie’s Guide to Finding Private Money for Your Next Property

Update: 2022-08-20
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The term other people’s money is common in the rental property industry. You may hear successful investors use it all the time—but what does it mean? Who are these “other people,” and why are they giving out money so freely? Don’t worry—rich relatives are not necessary for this episode of the Real Estate Rookie Podcast. We’re not talking about taking money from your Grandma. We’re talking about private money lending.

Who better to bring on to the show than Alex Breshears and Beth Johnson, authors of the new BiggerPockets book, Lend to Live: Earn Hassle-Free Passive Income in Real Estate with Private Money Lending? Although tailored towards would-be passive private money lenders, Lend to Live drops some serious knowledge that the everyday investor can use. If you’ve ever wanted to know where to find private money, how it works, and how you can use it to grow your real estate portfolio, this episode is a great place to start.

Alex and Beth break down the fundamentals behind private money lending, what makes a great private money lender, and how to vet yours when accepting money. Private money can create phenomenal opportunities for active investors, but it comes with legal landmines that are easily activated if you don’t know what to look for. So, before you start accepting money from a local lender, be sure you read Lend to Live first!

 In This Episode We Cover

What makes a great private money lender and the qualifications they should possess

Why become a private money lender and who private lending is best suited for

How to find private money even if you’re just starting to grow your network

Structuring a private money loan and keeping yourself legally protected

Private money red flags and what investors and lenders should look out for

Points, rates, and other lending lingo you need to know before taking a loan

And So Much More!

Links from the Show

Ashley's Instagram

Tony's Instagram

BiggerPockets

Real Estate Rookie Podcast

BiggerPockets Forums

BiggerPockets Bookstore

The BiggerPockets Podcast

Private Money: What the Experts Warn Against Before You Lend (Or Borrow!)

Connect with Alex and Beth:

Alex and Beth's Email 

Alex's BiggerPockets Profile

Alex's LinkedIn Profile

Beth's BiggerPockets Profile

Beth's Website


Check out the full show notes here: https://biggerpockets.com/blog/rookie-210

Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Rookie’s Guide to Finding Private Money for Your Next Property

The Rookie’s Guide to Finding Private Money for Your Next Property