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Fruitful Private Lending
Introduction
What Is Private Lending And Why Do It? (3:12)
Private Lending VS Rental Properties (3:15)
Why Don’t Investors Use The Banks? Why Use Your Money? (4:38)
How To Calculate Interest Payments (3:16)
How Much Interest Should You Charge? (0:48)
Do I Need LARGE Amounts Of Money To Become A Private Lender? (3:16)
Use The Equity In Your House To Private Lend (3:16)
Types Of Lending
1st Mortgages (3:16)
2nd Mortgages (4:20)
Promissory Notes (4:20)
How To Lower Your Risk
Invest In Something You Understand (4:20)
Invest With Someone Who Has A Track Record (4:20)
Lend To Investors In Your Local Area (4:20)
When Investing With A Newer Investor (4:20)
Require Title Insurance When Lending (4:20)
Require Regular Home Insurance (4:20)
Never Send Money Directly To The Investor For Purchasing A Property (4:20)
Are They Putting Their OWN Money Into The Deal? (4:20)
Register Your Documents On Title/Personal Guarantee (4:20)
Construction Draws (4:20)
How To Choose Your Ideal Investment To Lend On
Know What You’re Looking For (4:20)
Become An Expert In Your Chosen Lending Niche (4:20)
Short Term Vs Long Term Goals (4:20)
Non-Negotiables (4:20)
How To Know What To Charge
Interest Rates (4:20)
Charging Points/Fees (4:20)
Charging MINIMUM Fees (4:20)
What If The Investor Requires 100% Of Purchase Price AND Renos? (1:44)
How To Find Investors To Lend To
Attracting Borrowers (2:32)
Lending Through Mortgage Brokers (2:20)
How To Analyze The Borrower
Social Proof (2:32)
Previous Lenders (1:44)
Credit Check (1:27)
Experience and Specialty (0:41)
Character (1:47)
How To Analyze The Deal
'Fool Proof' Buying Formula (4:13)
The Comps (1:13)
Location (1:04)
Get An Appraisal (1:42)
Team Members You Will Need
Investment Savvy Realtor (3:41)
Mortgage Broker
Lawyer
Accountant
Foreclosure For Non Payment
What Do You Do? (3:37)
Explaining The Contracts
1st and 2nd Mortgage Contracts Explained (4:57)
1st and 2nd Mortgage Editable Contract File
Promissory Note Contract Explained (5:17)
Promissory Note Editable Contract File
Bonus Tips
Use Your RRSP’s/IRA’s To Private Lend (2:26)
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When Investing With A Newer Investor
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