A question from someone I mentor reminded me of a simple but sometimes difficult step to take in due diligence of a new borrower – ask for lender references. It seems like it can be very hard to bring yourself to do this – the borrower looks great, they are experienced and have liquidity… if they aren’t working with their … Read More →
Crowdfunding continues to grow in popularity as an alternative investment vehicle. The ability to invest directly in people, real estate and even companies without an intermediary is empowering for many. And with the concurrent rise in mobile and other technologies, access and security for these powerful lending tools is better than ever.
A 2014 report from the financial market research … Read More →
With peer-to-peer lenders filling a void in the loan market, attracting private loan borrowers is not a difficult proposition. Plenty of borrowers, particularly those in the real estate investment industry, are willing to pay premium prices in order to obtain the quick, short-term funding they require.
However, in order for private lenders to minimize risk, it's vital they properly evaluate potential … Read More →
No matter your goals for creating passive income, one thing all investors have in common is the need for smart strategy. Unfortunately, it's all too easy for individuals to follow popular opinion or outdated advice when trying to reach their wealth-building objectives.
Contrary to what financial pundits and so-called experts may say, there are some wealth-building myths that need to … Read More →
There are plenty of moving parts to be aware of when you enter the private lending game, and compliance with local laws and regulations is chief among them.
However, instead of getting bogged down in legal minutiae or feeling overwhelmed by lending guidelines, it's important to put things in perspective.
"Contending with compliance issues is an essential part of any … Read More →
Risk is a part of every investment, no matter how safe and secure it may appear. The key is to select an investment strategy that allows you to minimize risk as much as possible while maximizing returns.
Experts from across the financial industry regularly weigh in on which investments are most hazardous. From stocks and bonds to money market funds … Read More →
The old saying goes that a penny saved is a penny earned. However, wealth creation is not just about accumulating money – it's about putting it to work for you.
Saving money is both smart and safe, but failing to invest will make reaching your goal of financial independence next to impossible. The key is to find a proper balance.… Read More →
The U.S. economy depends on the talents of entrepreneurs. They are job creators, taxpayers, and in the case of private lending, money providers.
"What does it take to be a successful entrepreneur?"
After all, every small business owner is an entrepreneur, and the fact that there are almost 28 million small businesses in the U.S., with more than half the … Read More →
It's said that knowledge is power, and nowhere is this more true than when it comes to wealth building. Unfortunately, financial strategy isn't something they teach you in school.
The 2014 Consumer Financial Literacy Survey from The National Foundation for Credit Counseling highlighted this fact, showing that many Americans are less than knowledgeable when it comes to personal finance.¹ Gaps in knowledge included … Read More →
Real estate not only offers numerous opportunities for home buyers and sellers, it also provides private lenders with a steady stream of borrowers who are in need of funding to achieve their investment goals.
It's for this reason that investors and lenders alike are looking to the coming year to anticipate what developments will impact their respective endeavors.
The current … Read More →
As anyone who's been in the investment game for even a small amount of time knows, industry jargon gets thrown around at a lightning pace. However, one word may stick out above all others: diversification.
Experts and newcomers alike talk about the importance of diversification when constructing an investment portfolio. But why?
Advantages of diversification
"By diversifying your portfolio, you … Read More →
When you research private lending, you're bound to come across phrases like "financial freedom" and "wealth-building secret," but you may still be left wondering: What is it exactly?
In short, it's taking strategies financial institutions have been using since banks were first created and applying them to your own finances.
Who Private lenders are people just like you who are trying … Read More →