Private/Hard Money Use Success Stories

[Ben F.]

Hello BP Members,

We all pick up a “new hat” in life and we learn by doing, but we also learn by educating ourselves by conversing with others who’ve taken the same road before.

I have been a long term investor of over 13 years in tax liens in multiple states, tax and bank foreclosure auctions and long term buy-n-holds or rental property. Now I’m starting a journey along the motivated seller category and am using private/hard money as my lending source as well as my own capital.

In regards to the motivated seller strategy, I’m educated on every process involved - in acquiring leads, follow up, providing value and overall being an agent of service and of partnerships.

What I would like, from those of you that have walked the path of using private/hard money, is you sharing what your successful strategy was, by indicating whether you choose to build inventory in acquiring rental properties first OR if you chose to build capital and primarily wholesale making your rental portfolio last priority?

Please explain what you chose and why...I’d like to hear your “why’s” as well as your scenario entering the game...

Thanks!

Ben