Rebecca Taylor discusses hard money lending for real estate investments, explaining its benefits like quick approvals and high returns (10-15% annually). She emphasizes the importance of due diligence, evaluating borrowers' character and track record, and securing investments with property collateral. Taylor also shares a personal anecdote about a challenging deal involving a borrower's illness, highlighting the inherent risks in hard money lending and the need for protective measures like strong loan documents and regular inspections.
0:00:01 Introduction and welcome to the Alternative Investing Club 0:00:17 Waiting for attendees and discussing locations 0:02:41 Speaker requests and introduction of new club fund speaker 0:04:27 Discussion on the next investment with the club fund 0:06:01 Incentive program for first responders and veterans 0:06:13 Investor returns and next purchase in club fund 0:07:02 Upcoming speaker and the airline industry fund 0:07:42 Welcoming new members and sharing personal stories 0:09:04 Introduction of speaker, Rebecca Taylor 0:10:03 Rebecca Taylor's background and family 0:11:20 Early career and financial decisions 0:12:47 Life-changing event and shift in perspective 0:14:53 Quitting job and traveling the country 0:15:42 Focusing on real estate and passive investments 0:17:18 Starting Tailored Investments and investment philosophy 0:18:33 Introduction to hard money lending 0:21:04 What is hard money lending 0:22:03 Key benefits of hard money lending 0:23:45 Coke analogy for understanding why people use hard money loans 0:25:01 Filling the gap in real estate financing 0:26:35 Basics of becoming a hard money lender 0:27:03 Pause for questions 0:27:46 How much does Rebecca Taylor work now 0:28:55 Is hard money lending FDIC insured 0:30:00 State regulations on hard money lending 0:31:12 Personal experience with hard money loans 0:32:16 Finding rehabbers and real estate groups 0:33:29 Loan terms for hard money lending 0:36:06 How to evaluate a rehabber and property 0:38:46 Importance of financial stability and project plans 0:41:28 Example of a financed townhouse renovation 0:43:54 Setting up a hard money lending business 0:46:42 Protecting your investment 0:47:02 Holding funds and allocations for rehabbers 0:48:04 Story of a deal that didn't go well 0:49:23 Marketing and networking for hard money lenders 0:50:34 Passive versus active real estate portfolio mix 0:51:48 Time management in hard money lending 0:53:17 Avoiding hard money lending in high climate risk areas 0:54:05 Fees for loaning money through Tailored Investments 0:56:54 Reasons for charging more or less origination points 0:58:34 Risk and investment protection in hard money lending 0:59:08 Accepting a house as collateral 1:00:01 Minimum investment amount for hard money loans
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By: Alternative Investing Club Title: How to Fund Rehabs with Hard Money Loans Sourced From: www.youtube.com/watch?v=S998P6IlacY
