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35: [Funding] Finding Private Lenders For Your Flips w/Jason Bible

35: [Funding] Finding Private Lenders For Your Flips w/Jason Bible

FromFlipping Junkie Podcast with Danny Johnson


35: [Funding] Finding Private Lenders For Your Flips w/Jason Bible

FromFlipping Junkie Podcast with Danny Johnson

ratings:
Length:
53 minutes
Released:
May 23, 2016
Format:
Podcast episode

Description

Jason has been on the show now 3 times!  It’s because he’s awesome and doing great things in his real estate investing business in Houston.    We have in on the show today to talk about finding and working with private lenders for your house flips.  Now, if you’re new to real estate investing, you probably want to start with working with a partner to fund the deal and split the profits or use hard money until you have a proven track record of several successful flips.  This will make it easier to build relationships with private lenders. In this episode we talk about: What a private lender is How they are different than hard money lenders What criteria Jason uses to determine good lenders from ones he’d rather not work with How to find these lenders during networking events   Jason really focuses on the “working” part of networking events.  I think most investors in general just don’t fully appreciate the power of these events if worked properly.    When negotiating with lenders on terms, Jason likes to frame the argument by showing how he uses the lenders that give the best terms first and then moves up to more expensive ones afters he’s used all of the cheaper one’s money.  So, they can ask for higher rates, but they won’t get their money out until the cheaper ones have theirs out first.   Jason also talks about his vanilla and chocolate options he gives private lenders.  You’ll need to listen to the episode for that one though. :)
Released:
May 23, 2016
Format:
Podcast episode

Titles in the series (100)

Flipping Junkie is a podcast for people addicted to flipping houses and real estate investing. Danny and Melissa Johnson started flipping houses over 15 years ago and have chronicled their journey to help house flippers both new and experienced. Subscribe for weekly episodes featuring interviews with people just getting started as well as big name investors like Brandon Turner of Bigger Pockets and Justin Williams from House Flipping HQ. The podcast covers a range of topics like what is working today to find great deals for flipping, how to properly analyze deals for flipping, renting and owner financing, determining repair costs, finding contractors and managing rehab crews, what improvements to make and how to quickly sell your houses for big profits and so much more. Don’t worry, we won’t leave out the serious mistakes that you need to avoid when get starting and growing your real estate investing business. Join Danny Johnson to get the inside scoop on how to get started and how to stay successful to create true financial freedom for yourself and your family.