Build Your Rental Property Portfolio Using Other People's Money

Can you really build your rental portfolio without using your own funds? 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!

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Join the Real Estate Rookie Facebook Group:
  / realestaterookie  
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Grab the New Book, “Lend to Live”:
https://store.biggerpockets.com/produ...
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Connect with Private Money Lenders at a Local Meetup:
https://www.biggerpockets.com/forums/...
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How to Find Private Money Lenders and Finance Your Deals:
https://www.biggerpockets.com/blog/fi...
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Check Out Alex and Beth on The “BiggerPockets Real Estate Podcast”:
https://www.biggerpockets.com/blog/re...
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Connect with Alex and Beth on BiggerPockets:
Alex: https://www.biggerpockets.com/users/a...
Beth: https://www.biggerpockets.com/users/b...
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Get in Touch with Alex and Beth for Private Lending:
https://www.lend2live.com/
https://flynnfamilylending.com/
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Email Alex and Beth:
alexandbeth@lend2live.com
beth@flynnfamilylending.com
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...

Episode 210

Show notes at: https://www.biggerpockets.com/blog/ro...

00:00 Intro
11:44 Why Private Lending?
18:00 How to Find Private Money
20:01 How to Structure a Private Money Loan
26:08 Building Your Lender Network
32:10 Becoming a Private Money Lender
38:11 Red Flags Lenders Should Look For
45:53 Grab "Lend to Live" Today!

#biggerpockets #realestaterookie #ep210