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Hard Money Loan Production:
2020: $250K
2021: $1 MM
2022: $2.6 MM
2023: $6 MM
Chasing $12 MM in loan production in 2024
Could be our first 7-figure Revenue Year
Grant Smith - Hard Money
2,482 posts
Grant Smith - Hard Money
@GrantPaulSmith
I like to read, think, and talk about about investments. I run a hard money lending company in Ohio. You can reach me at [email protected].
- Replying to @sweatystartupThis deck skipped leg day.
- Replying to @Codie_SanchezHard Money Lending Overhead: - Google Suite - Real Estate Meetups - Lunches Product: Take your cash from your 401K or IRA and put it into a self-directed account. Lend it out to fix and flip rehabbers at 3 points and 13% for 6 months. Earn 19% on your money after-tax.
- Replying to @Codie_SanchezHard money lending. As long as you have enough money for the first loan and a list of note investors, you can originate and sell notes until your pockets are green.
- My mind damn near exploded when I discovered that a cash-out refinances wasn't a taxable event. What money lessons expanded your reality?
- Replying to @sweatystartup and @PlanningShitI like balconies for my tenants. They seem to like it because they are able to throw all of their items over th balcony which saves them time when vacating my property. Win. Win.
- Replying to @creation247Atomic Habits Combine these principles & systems with what you value and you'll make meaningful traction in that area. Because of it, I: - Learned to play guitar - Found my partner - Went from $100,000 per year in sales (at my job) to $100,000 per month in sales.
- Replying to @girdley“A healthy man wants a thousand things, a sick man only wants one” A little bit of Confucious for breakfast!
- Replying to @TheDrugMoneyIf you can't manage your most precious asset, you can't expect them to manage much else.
- Replying to @creation247Covid 👇 Increased Demand x Printing LOTs of Money x Low Interest Rates x Wartime 👇 Increased Raw Material Costs 👇 Increased Supply Chain Constraints ($5K - $30K) 👇 Increased Container Costs 👇 Inflation There are other lines to be drawn, but this is one.
- Replying to @wealth_directorAfter 7 years of relationships (3 different partners) I concluded this: How To Find the Right Partner (Mental Model): 1. Physical Attraction 2. Shared Values 3. Similar Long-Term Goals 4. Lifestyle Compatibility
- Replying to @HeroDividendHere’s how you do it. Invest $2.5 million through a regional bank. Have them give you a loan against your portfolio at -2% WSJ Prime which would equal 6.25%. Get 50% LTV for a loan amount of $1.25 million. Write hard money loans at 3 points and 12% interest for 12 months.
- Replying to @shawngorhamThe best painter I ever saw had an ankle bracelet. He'd been on probation for a while. Like you said, this guy was a tradesman.
- Replying to @HeroDividendReal problems can never be solved by money. Only delayed.