Did you know you can generate passive income and/or diversify your retirement portfolio through Hard Money Lending?

A hard money loan is an interest-only short-term loan primarily used in real estate with the loan being secured by property. In a nutshell, you become the "bank" and you lend money to borrowers and receive monthly interest payments just like a bank would receive monthly monthly payments from a mortgage borrower. The only difference is you (the bank) can charge much higher interest between 10% and 18%, whereas the bank's current rates are right around 3.5%. If you have a equity in your home, a pile of cash lying around, or you are looking to diversify your portfolio — hard money lending may be a great option for you. BONUS

As a hard money lender myself, I will show you exactly how I am lending hard money each month. I will share with you some tricks I have learned along the way and share with you my exact numbers for you to see exactly how it works.

Also, make sure to download the templates I use as far the paperwork required prior to lending.

Mentioned in this episode

Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!

Today's show was brought to you by OneAZ Credit Union — my very own credit union I have been proud a member of since 2011.

If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.

All the show notes, links and anything I mentioned can be found at https://www.moneypeach.com/session165

EP165: Passive Income via Hard Money Lending