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How To Start A Hard Money Lending Fund From Scratch

Bridger Pennington 54 views

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Who wants to start a hard money lending fund?
Comment from : @bridger_pennington

This envelope is light
Comment from : @redsol3629

Stumbled on your video because im researching how to become a lender
Comment from : @allyvyne3002

Show me a HML that takes 2nd position Please
Comment from : @nbgarcia

What does the Team of professionals look like necessary to make this happen in CA? And how much() is allocated to these pros per deal approx?
Comment from : @matthewellis3004

The best advantage isnt the money given to you from your father its the knowledge!!!!!
Comment from : @Bearjew613

Would this technically fall under private credit funds ? Or is all the same just said differently?
Comment from : @jarelllockhart6710

Finally, a shadow bank I been looking for you guys!
Comment from : @4b11t9

The real fun is when you realize you can get gap funding to cover the "skin in the game"
Comment from : @JonathanKillam

Do you have a playlist for hard money lender?
Comment from : @Poepad

Worked in the past in a business loan company, i would like yo start my own office doing the same now Do you have a list of lenders? Do you have any service like website or i need to build my own?
Comment from : @germanarturo11

I liked this Video!!!💪🏾🤎
Comment from : @mrhudah

I was searching for basics of HML to become a flipper It was truly great to get an insight from the lander's prospective, only now I have realized the logic behind 80 LTV and 1st right to be paid
Comment from : @stanislavdidenko8436

please stop the shoe, i cant stand it
Comment from : @keo3941

When do you place a lien on the property? Immediately upon lending or do you wait until if and when the first payment is late?
Comment from : @jamesdupuis4140

Should I create an LlC for lending With that being said, am I paying short term Capital agains on returns Obviously I’m new to this, and would like to start off the correct way
Comment from : @KevinSmith-oz5oz

im a hard money lender for many yearsrarely will a private lender be in a 2 positioneverything looks good on a chalkboard but its not reality
Comment from : @joe-zp7ge

you said yourself you can’t even get your dad to give you money to invest so why should anyone listen to your advice?brbrshow your dad this comment i bet it will make him laugh
Comment from : @roroguapo3

Is there a max interest rate limit a hard lender can charge for an investment property?
Comment from : @toadfrench7801

i respect that he made you earn your own shit could you interview him sometime to discuss his views on that side of parenting?
Comment from : @SoulMonger

do we need to get the nmls license
Comment from : @aniljain-bj9zd

Bridger most hard money real estate loans are in 1st position not a 2nd lien position 2nd lien position is a bad place to be Also hard money loans are typically higher leverage loans and take into account the ARV, LTC, and also includes the money to finance in most of the renovation costs I understand that you are making this very basic and there are many more advantages with hard money loans It should be noted that the lending side and getting set up to actually lend hard money once you start the fund is a whole other project
Comment from : @jeffbechtold9203

Can i start this with $100k
Comment from : @TheBusinessCreditHub

How do you know their skin in the game isn't just private money from another lender?
Comment from : @drewangell1457

Thanks!!!
Comment from : @Hydrogenagent

Bridger whistles as he talks 😂
Comment from : @Lyfeastrey

Hello and thank you I'm thinking about doing my first hard money lend I do realestate but was never the BANK What do I need , an attorney , appraiser, and title company? Who outs the actual lein on the property, the title company ? I appreciate your time
Comment from : @rftghyjukiol

the house flipper made out like a king lol
Comment from : @nyacoustics8373

So if I raise capital from multiple investors, that exceeds the loan amounts to deploy at the moment, do I use the funds pro rata that I’ve raised so EVERY investor has exposure to EVERY single loan? I hope you understand what I’m asking Thx
Comment from : @NickRuiz

He is describing GAP funding and no bank is going to allow it
Comment from : @justinpdube

With Google around why do I even waste time on such a video!
Comment from : @someguy559

I have 13MM in outstanding private notes I am interested in starting a fund What is your advise? If I use use $1MM ti start the fund, what is realistic to raise? What are the fee structures? Is it a waterfall or is it per loan?
Comment from : @simonefamily1012

Can a hard money lender lend money to buy a car and what are the best recommendations for that lender?
Comment from : @nancygonzalez4350

who set up the legal document on the private lender deal
Comment from : @21copyCat

Have hard money lenders partaken in LBOs?
Comment from : @waysofaquarius649

Can Private lenders partake in LBOs?
Comment from : @waysofaquarius649

Great vid Bridger thanks for sharing mate
Comment from : @casualbynature5059

Been doing it for 4 yearsI love it!
Comment from : @nathanbangs1012

great insight bro! i will say though, at least in miami, not a single hard money lender will take 2nd position
Comment from : @manuelmarine

Literally reading a white paper on the massive amount of white collar crimes that take place just in America Much larger than petty larceny ( still a lot ) Regardless thank you for this video
Comment from : @Thefewfunds

Do you have to be licensed to do hard money loans?
Comment from : @outcoldmusic1

I have a payday loan business I can pay you 14 per year without you doing anything
Comment from : @ipxstore3902

Bridges is a great educator on how to start real estate funds but as a person that has used hard money in the past on real estate projects and currently have a hard money loan on a project I HATE this skin in the game tactic new hard money lenders are going with listen I understand Its a protection mechanism for the lender but I love my current lender that gives 100 of 65 of the ARV, they do an appraisal based on the market and lend 65 on that, theres some limitations to the rehab cost but an example is: you have a 40k purchase and 25k rehab budget, and the ARV is 100k the HML will lend the whole project and only take 3 points Now the interest rate is high af at 12 BUT its 0 down on the loan you just got to pay closing costs Just my lil diatribe, keep doing ya thing Bridger!
Comment from : @TheBestOnMarz23