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6 contributions to Private Real Estate Lending
Poll
The first step in intentional networking is to KNOW THYSELF! โค๏ธโ€๐Ÿ”ฅUsing the framework from yesterday yesterday, DO YOU HAVE AN ABUNDANCE OF ... This will help you navigate THIS group and determine how you can add the most value to the group
Poll
23 members have voted
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New comment 2d ago
1 like โ€ข 3d
@Alvin Lee what are looking to lend in at the moment?
Homework 9/17
Meet 3 new people and USE the NETWORKING Framework to Build Relationships and Understand Quickly & Efficiently how you would be able to work with someone! Comment here when you have 3 meetings scheduled and make a NEW post in the HW section with your takeaways from the conversations
Complete action
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New comment 2d ago
3 likes โ€ข 3d
I had one awesome call today. The framework helped keep the convo focused on getting to know the person as an individual while also getting to know their business goals and what they are doing to get there. Which then provided me with the "what can I do to help them?"
How to Guarantee You Lose Money Lending
Do not lend without underwriting first! You will see a lot of second position deals when branding yourself as a PML. Whenever you are lending in second position, you have to know what first position owed before you even know if it's a deal worth looking at. Think of it this way, if you have a cup 75% full of water. You can only fill it 25% more before it overflows. The borrower might be asking you for that 25%(or a certain amount in second position) but without knowing how full the cup is already, you could be at risk of overflowing the cup. Overflowing the Cup = UPSIDE DOWN MORTGAGE in real estate world. You DO NOT want to lend more $$ on a property than the value of that property. You always want to lend LESS than what a property is worth, not more. If there is a lender already on the property, they are first position, and you HAVE to know what they are owed before you consider putting more debt on the property. Comment below if this provides clarity! Remember do not ever rush into deals, especially if you don't know what you are looking at.
Poll
30 members have voted
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New comment 10d ago
1 like โ€ข 10d
the visual is very helpful! made it all click in my head
Welcome to the Mindset Channel!
Happy Wednesday Everyone. This morning Iโ€™m reading Buy Back Your Time by Dan Miller. Reading and listening to mentors accounts for a lot of my success thus far! In the beginning it was watching YouTube videos, then I went to weekend events, then I started paying to join communities, and finally today I mentor others and own businesses with the people I look up to. I still read about 10-20 books a year depending how busy I am. Now I listen to a lot of podcasts as well. Make a post in this discussion group โ€œMindsetโ€ on what has impacted your journey the most so far? Was it a mentor or coach that believed in you? Maybe it was a hardship you had to over come? Or even a decision that you wanted more out of life. I canโ€™t wait to read all of your stories. Sharing is caring. In this channel I will share some of the things that have a huge impact on me and the way I see the world.
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New comment 5d ago
1 like โ€ข 10d
Books have definitely been a big part of growing me up and teaching me. I have also been very blessed with having the right people come into my life at the right time, some only for a season. But I have learned something valuable from every single one of them. Having become a mother three years ago also has had the biggest impact. I am not the same person I was before kids. I am better because they motivate me to be better, to dream bigger and to accomplish anything and everything I set my mind to. They are my legacy. And I know without a shadow of a doubt that money isn't the best thing I can leave behind for my children but the knowledge and understanding of it (which I have had to search that knowledge out myself). That if they lose it all they know without a doubt that they can make it all back ten fold.
0 likes โ€ข 10d
@David Sundblom I love your daily's! I want to incorporate a daily podcast to my day.
Exciting Announcements! ๐Ÿ˜†
I just finished a call with community admin @Stacy Carpenter We have so many incredible ideas for this community! If you take a look at the calendar NOW there is Community Q&A every Tuesday at 5pm EST. We also are going to have HW here every single week. ๐Ÿ” Don't forget the #1 Person on the Leaderboard gets a FREE Virtual Ticket to the Upcoming PML Mastermind. What are you guys currently struggling with? We are coming up with some main topics to cover for this community! Comment below โค๏ธโ€๐Ÿ”ฅ Do you guys want to know what is coming up? Make sure you attend the first Community Q&A where I will announce the structure of daily activities you can get involved in!
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New comment 6d ago
0 likes โ€ข 10d
So excited for weekly calls! Networking is the most important foundational skill and activity to this business - I want to learn to be the best networker. I have been a stay at home mom for three years and I feel like I have forgotten how to socialize with adults lol
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Briana Card
2
11points to level up
@briana-card-3888
Collaboration is key and I can help with funding, finding a buyer and translating your Spanish speaking leads. Excited to work with you!

Active 4h ago
Joined Sep 4, 2024
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