#356: How to Get Easy Loans for Fixer Properties in 2024 (Hard Money EXPLAINED)

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: https://www.coachcarson.com/rpm 🎙️ Episode #356 – Out of cash, but you found an amazing real estate deal? Learn the nitty-gritty about leveraging hard money lenders while understanding the challenging risks. Coach and Justin present a step-by-step approach to ensure you never miss out on a great investment! ▶️ Next Episode: How to Calculate Internal Rate of Return (IRR) https://www.coachcarson.com/irr/ 📄 Show Notes: https://www.coachcarson.com/hardmoneylenders/ 🎬 Timestamps: 0:00 - Ins and outs of hard money lending 1:04 - Finding the perfect deal but having no money 3:22 - Locking up a good deal FIRST 5:41 - What is hard money? 11:44 - "4 C's" of hard money lending 18:10 - Logistics of hard money loans 21:06 - Challenges of hard money 31:54 - Private money vs. hard money lender 39:06 - Tips to the run the "money lender marathon" 43:32 - Start out with a short-term loan 48:52 - Credit Partnerships 57:04 - How to use Internal Rate of Return (IRR) 🔗 Connect with Justin:  • FREE closing checklist for borrowers and lenders: https://www.lenderscollective.com/resources/ • Facebook: https://www.facebook.com/profile.php?id=100045631728890 • LinkedIn: https://www.linkedin.com/in/justin-foster-3a7b3014/ -------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit: https://www.coachcarson.com/toolkit-pod  🖥️ Learn with Coach (Courses, Books & more): https://www.CoachCarson.com  👋 Connect with Me: 📸 https://www.instagram.com/coachchadcarson   👍 https://www.facebook.com/coachchadcarson   🐦 https://twitter.com/CoachChadCarson 💰 DealMachine – Software to help you buy more real estate deals:  https://www.coachcarson.com/dealmachine