Bigger Cash Flow Podcast 056: Hard Money Lending 101 w/ Ryan Wright
/Welcome to the Bigger Cash Flow podcast, where each week, we share tips and tricks on how to grow your monthly cash flow and get out of the rat race. We also interview real estate investors and business owners to gain insight into how you too can reach your goals of financial freedom. For more information on investing, real estate, and increasing your overall cash flow, head on over to biggercashflow.com and check out some of the blog posts.
Episode: 056
Title: Hard Money Lending 101 w/ Ryan Wright
Show notes:
Ryan has been in the real estate field for nearly 20 years now. He started his career off as an agent, quickly achieveing allocalades such as "Real Estate Rookie of the year" and his company won "Best of State" as well. While working as an agent, Ryan would work along side investors helping them secure properties. However Ryan realized that he wanted to be on the buyer side and become a fix and flipper himself. After completing several hundred successful flips Ryan wanted to shift his focus and help investors get the funding they need quickly and from reputable sources.
With this new focus in mind Ryan created DoHardMoney.com. DoHardMoney is a hard money lender that can provide a plethora of products such as no money down (good credit and track record required). Ryan has committed himself to helping others find a fantastic lender that they can trust.
Today, Ryan is still running DoHardMoney along with helping new investors achieve their goal of bigger cashflow!
On this episode you'll learn:
Ryan's story and his intro to real estate and lending space
Hard Money vs Private Money
Do Hard Money lending criteria
Mistakes that some investors will make
Challenges that fix and flippers may face when using HML
Estimating rehab costs from the lender perspective
Tips for finding contractors
Current climate of HML lenders
Contact Info:
Website: https://www.dohardmoney.com/
BiggerPockets Profile: https://www.biggerpockets.com/users/ryangwright