Hard Money Lending Gone Bad: Tornado Could Cost Me 20K or 100K
Hard money lending gone bad is when a tornado could cost me 20K or 100K. You never know what can happen when running a hard money lending business.
In this video, I'll explain how a hard money loan went bad when a tornado hit a house I was lending on.
This is why having all your checks and balances in place is massively necessary if you are interested in starting any type of money-loaning business.
00:00 Intro
00:45 Possible Biggest Loss
03:45 Tornado
05:44 Borrow Gone Bad
07:30 Getting the deed
09:10 Now what
About Rodney Miller:
Rodney started his career in real estate investing in 2003. Since that time he’s been a principal in over 300 real estate investment transactions. Rodney started casually loaning money to other investors around 2005. In 2020 Rodney decided to go all in on private lending and started Hard Money Partner LLC. He currently has about $4mm in loans with about 10 hours a week of time invested in the private lending business. Rodney has been married for 23 years and has 3 awesome kids and 3 dogs. Rodney lives and operates HMP out of his office in Oklahoma City. HMP’s service area is Oklahoma, and north Texas, more specifically, the Dallas/Ft Worth Metroplex.
Borrower Resources:
Apply for a loan
https://tinyurl.com/HMP-Loan-App
Guaranteed loan report
https://tinyurl.com/Get-A-Loan-Guide
How to flip a house report
https://tinyurl.com/House-Flipping-Report
Investor Resources:
How to invest with Hard Money Partner
https://tinyurl.com/Invest-with-HMP
A Beginners Guide to Private Lending- By Rodney Miller
https://tinyurl.com/Private-lending-book
Rodney is available for consultation on all things hard money lending, whether it be borrowing, Investing, or starting a lending business.
Book a call with Rodney to discuss the lending business:
https://api.leadconnectorhq.com/widget/bookings/talk-to-rodney
YouTube Url: https://youtu.be/eC_tI3MdbUo
Join us on:
Facebook
https://www.facebook.com/hardmoneypartner
Instagram
https://www.instagram.com/hard.money.partner/
Linkedin
https://www.linkedin.com/in/rodneymiller/
Twitter
https://twitter.com/RodneyHMP
TikTok
https://www.tiktok.com/@hardmoneypartner?lang=en
Video hashtags:
#hardmoneylender #hardmoneypartner #hardmoneylending
How to "Frustrate" Your Hard Money Lender
In this video, I'll explain how to frustrate your hard money lender and why it's not the best idea to do so.
Working with a hard-money partner can sometimes be confusing, especially if you are a beginner. When it comes to using a private money partner, do everything you can to make it as smooth as possible.
00:00 Intro
01:21 Misrepresentation Of Facts
02:30 Diverting Repair Funds
03:40 Incomplete draw inspection
04:36 Stops Communication
06:12 Proof of funds letter
06:58 Switching Lenders
07:58 Google review
08:16 Asking for money back of PBO
10:17 Asking the lender to run the numbers
11:12 Having no exit plan
About Rodney Miller:
Rodney started his career in real estate investing in 2003. Since that time he’s been a principal in over 300 real estate investment transactions. Rodney started casually loaning money to other investors around 2005. In 2020 Rodney decided to go all in on private lending and started Hard Money Partner LLC. He currently has about $4mm in loans with about 10 hours a week of time invested in the private lending business. Rodney has been married for 23 years and has 3 awesome kids and 3 dogs. Rodney lives and operates HMP out of his office in Oklahoma City. HMP’s service area is Oklahoma, and north Texas, more specifically, the Dallas/Ft Worth Metroplex.
Borrower Resources:
Apply for a loan
https://tinyurl.com/HMP-Loan-App
Guaranteed loan report
https://tinyurl.com/Get-A-Loan-Guide
How to flip a house report
https://tinyurl.com/House-Flipping-Report
Investor Resources:
How to invest with Hard Money Partner
https://tinyurl.com/Invest-with-HMP
A Beginners Guide to Private Lending- By Rodney Miller
https://tinyurl.com/Private-lending-book
Rodney is available for consultation on all things hard money lending, whether it be borrowing, Investing, or starting a lending business.
Book a call with Rodney to discuss the lending business:
https://api.leadconnectorhq.com/widget/bookings/talk-to-rodney
YouTube Url: https://youtu.be/a9VAt0CvdH8
Join us on:
Facebook
https://www.facebook.com/hardmoneypartner
Instagram
https://www.instagram.com/hard.money.partner/
Linkedin
https://www.linkedin.com/in/rodneymiller/
Twitter
https://twitter.com/RodneyHMP
TikTok
https://www.tiktok.com/@hardmoneypartner?lang=en
Video hashtags:
#hardmoneylender #hardmoneypartner #hardmoney
There is a lot of optimism and opportunity in real estate investing #shorts
About Rodney Miller:
Rodney started his career in real estate investing in 2003. Since that time he’s been a principal in over 300 real estate investment transactions. Rodney started casually loaning money to other investors around 2005. In 2020 Rodney decided to go all in on private lending and started Hard Money Partner LLC. He currently has about $4mm in loans with about 10 hours a week of time invested in the private lending business. Rodney has been married for 23 years and has 3 awesome kids and 3 dogs. Rodney lives and operates HMP out of his office in Oklahoma City. HMP’s service area is Oklahoma, and north Texas, more specifically, the Dallas/Ft Worth Metroplex.
Borrower Resources:
Apply for a loan
https://tinyurl.com/HMP-Loan-App
Guaranteed loan report
https://tinyurl.com/Get-A-Loan-Guide
How to flip a house report
https://tinyurl.com/House-Flipping-Report
Investor Resources:
How to invest with Hard Money Partner
https://tinyurl.com/Invest-with-HMP
A Beginners Guide to Private Lending- By Rodney Miller
https://tinyurl.com/Private-lending-book
Rodney is available for consultation on all things hard money lending, whether it be borrowing, Investing, or starting a lending business.
Book a call with Rodney to discuss the lending business:
https://api.leadconnectorhq.com/widget/bookings/talk-to-rodney
YouTube Url: https://youtu.be/eC_tI3MdbUo
Join us on:
Facebook
https://www.facebook.com/hardmoneypartner
Instagram
https://www.instagram.com/hard.money.partner/
Linkedin
https://www.linkedin.com/in/rodneymiller/
Twitter
https://twitter.com/RodneyHMP
TikTok
https://www.tiktok.com/@hardmoneypartner?lang=en
Video hashtags:
#hardmoneylender #hardmoneypartner #hardmoney
10 Mistakes I Made Starting A Hard Money Lending Business
Starting a hard money business can be both exciting and terrifying at the same time. A good strategy to increase your chances of success is to study already successful hard money businesses.
In today's video, I'll share 10 mistakes I made when starting my own hard money lending business.
These can help people who are on the fence about dipping their toes into the hard money or private money lending business.
00:00 10 Mistakes
01:00 Not getting started
02:13 Networking
03:30 Texting vs phone call
05:06 Taking it personally
06:31 Lose underwriting
08:12 Assuming a good deal
09:53 Raising more capital
11:37 Letting investors underwrite
13:30 No Systems
14:57 Lacking Mentors
About Rodney Miller:
Rodney started his career in real estate investing in 2003. Since that time he’s been a principal in over 300 real estate investment transactions. Rodney started casually loaning money to other investors around 2005. In 2020 Rodney decided to go all in on private lending and started Hard Money Partner LLC. He currently has about $4mm in loans with about 10 hours a week of time invested in the private lending business. Rodney has been married for 23 years and has 3 awesome kids and 3 dogs. Rodney lives and operates HMP out of his office in Oklahoma City. HMP’s service area is Oklahoma, and north Texas, more specifically, the Dallas/Ft Worth Metroplex.
Borrower Resources:
Apply for a loan
https://tinyurl.com/HMP-Loan-App
Guaranteed loan report
https://tinyurl.com/Get-A-Loan-Guide
How to flip a house report
https://tinyurl.com/House-Flipping-Report
Investor Resources:
How to invest with Hard Money Partner
https://tinyurl.com/Invest-with-HMP
A Beginners Guide to Private Lending- By Rodney Miller
https://tinyurl.com/Private-lending-book
Rodney is available for consultation on all things hard money lending, whether it be borrowing, Investing, or starting a lending business.
Book a call with Rodney to discuss the lending business:
https://api.leadconnectorhq.com/widget/bookings/talk-to-rodney
Join us on:
Facebook
https://www.facebook.com/hardmoneypartner
Instagram
https://www.instagram.com/hard.money.partner/
Linkedin
https://www.linkedin.com/in/rodneymiller/
Twitter
https://twitter.com/RodneyHMP
TikTok
https://www.tiktok.com/@hardmoneypartner?lang=en
Video URL: https://youtu.be/-fgiTov5Zsk
Video hashtags:
#hardmoneypatner #hardmoneylending #hardmoneybusiness
Things are changing fast in the real estate market #shorts
About Rodney Miller:
Rodney started his career in real estate investing in 2003. Since that time he’s been a principal in over 300 real estate investment transactions. Rodney started casually loaning money to other investors around 2005. In 2020 Rodney decided to go all in on private lending and started Hard Money Partner LLC. He currently has about $4mm in loans with about 10 hours a week of time invested in the private lending business. Rodney has been married for 23 years and has 3 awesome kids and 3 dogs. Rodney lives and operates HMP out of his office in Oklahoma City. HMP’s service area is Oklahoma, and north Texas, more specifically, the Dallas/Ft Worth Metroplex.
Borrower Resources:
Apply for a loan
https://tinyurl.com/HMP-Loan-App
Guaranteed loan report
https://tinyurl.com/Get-A-Loan-Guide
How to flip a house report
https://tinyurl.com/House-Flipping-Report
Investor Resources:
How to invest with Hard Money Partner
https://tinyurl.com/Invest-with-HMP
A Beginners Guide to Private Lending- By Rodney Miller
https://tinyurl.com/Private-lending-book
Rodney is available for consultation on all things hard money lending, whether it be borrowing, Investing, or starting a lending business.
Book a call with Rodney to discuss the lending business:
https://api.leadconnectorhq.com/widget/bookings/talk-to-rodney
YouTube Url: https://youtu.be/eC_tI3MdbUo
Join us on:
Facebook
https://www.facebook.com/hardmoneypartner
Instagram
https://www.instagram.com/hard.money.partner/
Linkedin
https://www.linkedin.com/in/rodneymiller/
Twitter
https://twitter.com/RodneyHMP
TikTok
https://www.tiktok.com/@hardmoneypartner?lang=en
Video hashtags:
#hardmoneylender #hardmoneypartner #hardmoney
Hard Money Lending Business 101: Business Model & Finding Investors
2024 is the perfect time to start a hard money business.
In this video, I'll cover key must-haves when you start using hard money. I'll explain how you can use other people's money to get started and how to pay investors back, all while you still make money.
This video is perfect for investors who are already in real estate or looking for new investment opportunities.
00:00 Hard Money Lending Business
00:57 Why it’s a good time to start a business
02:23 The 3 Must Have’s
03:40 Business Model
04:35 Deal Box Criterion
09:09 Selling & Paying Investors
13:45 Finding Investors
15:51 Common Misconceptions
About Rodney Miller:
Rodney started his career in real estate investing in 2003. Since that time he’s been a principal in over 300 real estate investment transactions. Rodney started casually loaning money to other investors around 2005. In 2020 Rodney decided to go all in on private lending and started Hard Money Partner LLC. He currently has about $4mm in loans with about 10 hours a week of time invested in the private lending business. Rodney has been married for 23 years and has 3 awesome kids and 3 dogs. Rodney lives and operates HMP out of his office in Oklahoma City. HMP’s service area is Oklahoma, and north Texas, more specifically, the Dallas/Ft Worth Metroplex.
Borrower Resources:
Apply for a loan
https://tinyurl.com/HMP-Loan-App
Guaranteed loan report
https://tinyurl.com/Get-A-Loan-Guide
How to flip a house report
https://tinyurl.com/House-Flipping-Report
Investor Resources:
How to invest with Hard Money Partner
https://tinyurl.com/Invest-with-HMP
A Beginners Guide to Private Lending- By Rodney Miller
https://tinyurl.com/Private-lending-book
Rodney is available for consultation on all things hard money lending, whether it be borrowing, Investing, or starting a lending business.
Book a call with Rodney to discuss the lending business:
https://api.leadconnectorhq.com/widget/bookings/talk-to-rodney
Join us on:
Facebook
https://www.facebook.com/hardmoneypartner
Instagram
https://www.instagram.com/hard.money.partner/
Linkedin
https://www.linkedin.com/in/rodneymiller/
Twitter
https://twitter.com/RodneyHMP
TikTok
https://www.tiktok.com/@hardmoneypartner?lang=en
Video URL: https://youtu.be/-fgiTov5Zsk
Video hashtags:
#hardmoneypatner #hardmoneylending #hardmoneybusiness
Turn that $500,00 franchise fund into a hard money lending business #shorts
About Rodney Miller:
Rodney started his career in real estate investing in 2003. Since that time he’s been a principal in over 300 real estate investment transactions. Rodney started casually loaning money to other investors around 2005. In 2020 Rodney decided to go all in on private lending and started Hard Money Partner LLC. He currently has about $4mm in loans with about 10 hours a week of time invested in the private lending business. Rodney has been married for 23 years and has 3 awesome kids and 3 dogs. Rodney lives and operates HMP out of his office in Oklahoma City. HMP’s service area is Oklahoma, and north Texas, more specifically, the Dallas/Ft Worth Metroplex.
Borrower Resources:
Apply for a loan
https://tinyurl.com/HMP-Loan-App
Guaranteed loan report
https://tinyurl.com/Get-A-Loan-Guide
How to flip a house report
https://tinyurl.com/House-Flipping-Report
Investor Resources:
How to invest with Hard Money Partner
https://tinyurl.com/Invest-with-HMP
A Beginners Guide to Private Lending- By Rodney Miller
https://tinyurl.com/Private-lending-book
Rodney is available for consultation on all things hard money lending, whether it be borrowing, Investing, or starting a lending business.
Book a call with Rodney to discuss the lending business:
https://api.leadconnectorhq.com/widget/bookings/talk-to-rodney
YouTube Url: https://youtu.be/eC_tI3MdbUo
Join us on:
Facebook
https://www.facebook.com/hardmoneypartner
Instagram
https://www.instagram.com/hard.money.partner/
Linkedin
https://www.linkedin.com/in/rodneymiller/
Twitter
https://twitter.com/RodneyHMP
TikTok
https://www.tiktok.com/@hardmoneypartner?lang=en
Video hashtags:
#hardmoneylender #hardmoneypartner #hardmoney
Hard money lending business is a lot of fun #shorts
About Rodney Miller:
Rodney started his career in real estate investing in 2003. Since that time he’s been a principal in over 300 real estate investment transactions. Rodney started casually loaning money to other investors around 2005. In 2020 Rodney decided to go all in on private lending and started Hard Money Partner LLC. He currently has about $4mm in loans with about 10 hours a week of time invested in the private lending business. Rodney has been married for 23 years and has 3 awesome kids and 3 dogs. Rodney lives and operates HMP out of his office in Oklahoma City. HMP’s service area is Oklahoma, and north Texas, more specifically, the Dallas/Ft Worth Metroplex.
Borrower Resources:
Apply for a loan
https://tinyurl.com/HMP-Loan-App
Guaranteed loan report
https://tinyurl.com/Get-A-Loan-Guide
How to flip a house report
https://tinyurl.com/House-Flipping-Report
Investor Resources:
How to invest with Hard Money Partner
https://tinyurl.com/Invest-with-HMP
A Beginners Guide to Private Lending- By Rodney Miller
https://tinyurl.com/Private-lending-book
Rodney is available for consultation on all things hard money lending, whether it be borrowing, Investing, or starting a lending business.
Book a call with Rodney to discuss the lending business:
https://api.leadconnectorhq.com/widget/bookings/talk-to-rodney
YouTube Url: https://youtu.be/eC_tI3MdbUo
Join us on:
Facebook
https://www.facebook.com/hardmoneypartner
Instagram
https://www.instagram.com/hard.money.partner/
Linkedin
https://www.linkedin.com/in/rodneymiller/
Twitter
https://twitter.com/RodneyHMP
TikTok
https://www.tiktok.com/@hardmoneypartner?lang=en
Video hashtags:
#hardmoneylender #hardmoneypartner #hardmoney
With franchises you're expected to grind it out #shorts
About Rodney Miller:
Rodney started his career in real estate investing in 2003. Since that time he’s been a principal in over 300 real estate investment transactions. Rodney started casually loaning money to other investors around 2005. In 2020 Rodney decided to go all in on private lending and started Hard Money Partner LLC. He currently has about $4mm in loans with about 10 hours a week of time invested in the private lending business. Rodney has been married for 23 years and has 3 awesome kids and 3 dogs. Rodney lives and operates HMP out of his office in Oklahoma City. HMP’s service area is Oklahoma, and north Texas, more specifically, the Dallas/Ft Worth Metroplex.
Borrower Resources:
Apply for a loan
https://tinyurl.com/HMP-Loan-App
Guaranteed loan report
https://tinyurl.com/Get-A-Loan-Guide
How to flip a house report
https://tinyurl.com/House-Flipping-Report
Investor Resources:
How to invest with Hard Money Partner
https://tinyurl.com/Invest-with-HMP
A Beginners Guide to Private Lending- By Rodney Miller
https://tinyurl.com/Private-lending-book
Rodney is available for consultation on all things hard money lending, whether it be borrowing, Investing, or starting a lending business.
Book a call with Rodney to discuss the lending business:
https://api.leadconnectorhq.com/widget/bookings/talk-to-rodney
YouTube Url: https://youtu.be/eC_tI3MdbUo
Join us on:
Facebook
https://www.facebook.com/hardmoneypartner
Instagram
https://www.instagram.com/hard.money.partner/
Linkedin
https://www.linkedin.com/in/rodneymiller/
Twitter
https://twitter.com/RodneyHMP
TikTok
https://www.tiktok.com/@hardmoneypartner?lang=en
Video hashtags:
#hardmoneylender #hardmoneypartner #hardmoney
