10 Months as a Private Lender | Here's What Happened

Описание: Our latest discussion features a private money lender, sharing their journey in 'real estate investing' over the past 10 months with us at Earn With Homes. They explain their initial investment strategies and why they explored using their SDI rate for 'private lending'. This conversation is essential for anyone interested in 'how to invest in real estate' or looking into options with 'private lenders'.

Chapters:
00:00 Introduction and background as a new investor
00:59 Discovering self,directed IRAs (SDIRAs)
01:54 The reality of 2% returns in traditional funds
02:59 Setting up with Rocket Dollar
03:41 Understanding SDIRA fees and services
04:18 Addressing the fear of losing money or getting scammed
04:58 Building trust through video calls and paperwork
05:50 Why using a title company is essential for security
06:21 The "it's real" moment: Receiving the first payment
06:56 Having a proactive partner when issues arise
07:22 Advice for those on the fence about private lending
08:12 Reliability during difficult financial times

In this video, Melissa shares her transparent journey of transitioning from low,performing retirement accounts to becoming one of our private real estate lenders. Like many people getting started in real estate investing, Melissa was frustrated with the 2% to 4% returns she was seeing in traditional employer,sponsored funds. She knew there had to be a better way to grow her wealth, which led her to explore the world of private lending.

Melissa discusses how she used a Self,Directed IRA (SDIRA) to take control of her capital and partner with us on local housing projects. For those looking for private lenders for real estate, her story highlights the importance of trust, proactive communication, and the security of working through a third party title company.

What You Will Learn in This Interview:

The Shift to Private Lending: Why Melissa moved away from traditional stocks and bonds to seek the higher returns found in real estate investing.

SDIRA Setup: A step-by-step look at how she used Rocket Dollar to transition her retirement funds into an account capable of private lending.

Vetting Private Lenders: How Melissa overcame her fears of scams and loss by building a relationship through multiple points of contact and video calls.

The "Passive" Reality: What it feels like to receive monthly interest payments "like clockwork" without having to manage tenants or toilets.

Protecting Your Investment: Why we prioritize transparency, proactive updates, and legal protection for all our private lenders.

If you have been sitting on the fence about becoming one of our private real estate lenders, Melissa’s experience offers a roadmap for moving from financial uncertainty to consistent passive income.