In Episode 42 of the Real Life Planning Podcast, Cynthia Meyer, CFA®, CFP®, ChFC®, breaks down the key considerations for real estate investors exploring hard money loans, including when to use them, typical terms, and risks. She also shares essential tips for asking the lender questions and understanding the pros and cons of private loans.

" …if you've got a private money lender that works in your market, they may be able to give you very helpful feedback about whether or not your spending plan for the project is on track and realistic.” - Cynthia Meyer

This week on Real Life Planning Podcast:

💡When do real estate investors use a hard money loan? [00:00:47]

💡What are the typical terms and costs of a hard money loan? [00:02:10]

💡What risks should you consider before taking a hard money loan? [00:05:47]

💡What key questions should you ask a hard money lender? [00:08:22]

💡Understand real estate project obstacles with a private loan [00:10:29]

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About the Real Life Planning Podcast

Hosts Cynthia Meyer and Vekevia Tillman-Jones explore practical steps for real estate investors to build financial freedom and make working for someone else optional.

The ReaL Life Planning Podcast is for educational purposes only. None of the information discussed is intended as investment, tax, accounting, or legal advice, nor as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, real property, or other securities or non-securities offering.

Real Life Planning, LLC is an Investment Advisor registered with the States of New Jersey, New York, Texas, Virginia, and California. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy, or completeness of, any description of securities, markets or developments mentioned. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, REALLIFEPLANNING.COM.

Questions to Ask Yourself Before Borrowing a Hard Money Loan