About this episode
Buying rentals isn’t the only way to build wealth with real estate —far from it. Today’s guest is making huge returns without fixing toilets or evicting tenants . If you want a more passive way to invest that won’t drain your time or energy , this episode is for you. Stay tuned to hear all about private money lending and how to get started with less money than you probably think! Welcome back to the Real Estate Rookie podcast ! Today, Devon Kennard joins the show to break down private money lending and how it stacks up against other popular investing strategies like long-term rentals and flipping houses . Private money may not give you the same appreciation or tax benefits as rentals, but as you’re about to hear, you can often make bigger and faster returns. The best part? This is real, passive income . After a little due diligence upfront, you’ll get to sit back and collect a check ! In this episode, Devon shows you how to lend your money, step-by-step, for returns of 12%-15% or more —even if you don’t have hundreds of thousands of dollars to deploy. Along the way, he’ll show you key documents and systems you’ll need to structure your first deal , lower your risk , and protect your investment ! In This Episode We Cover How to find and structure your first private money deal (step-by-step) How to “become the bank” for other real estate investors (15%+ returns!) Why you don’t need hundreds of thousands of dollars to start lending money Essential documents to have in place for every private money deal Why private money lending beats buying rental properties (if you want passive income ) And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-636 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com . Learn more about your ad choices. Visit megaphone.fm/adchoices