Episode 56: Never a borrower nor a lender?
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Description
Another way to (indirectly) make money from property is to lend money to others who need financing for development projects. Alternatively, you might be looking to borrow from private individuals in order to do more deals without relying on expensive bridging finance. In this episode, I talk about my recent experience of lending money out. If you've got spare cash on the sidelines, I cover how to lend safely and reduce your risk as far as possible. On the other side, if you want to raise private finance, it will give you an insight into how to structure the arrangement and allow the lender to be confident that their interest is protected. See this episode on the Property Geek site: https://propertygeek.net/podcast/private-finance
More Episodes
Over the last few episodes we've covered various ways of funding property projects, in addition to the familiar options of cash and mortgages. In this episode, I round off the series by summarising my main takeaways and suggesting how to choose the most appropriate form of funding.
Published 07/05/17
Published 07/05/17
Joint ventures (JVs) get talked about a lot in property, with good reason: after all, if you don't have the cash to do all the deals you want to do, a JV is a way of solving that problem without going cap-in-hand to the bank. But where do you even start with finding someone who might want to...
Published 06/28/17