Summary
{
"summary": "Devon Canard, a former NFL player, shares his journey in real estate investing, from buying rentals to private lending. He discusses how he started with 50 properties, but as the market changed, he pivoted to private lending, which has given him 12-14% cash on cash returns. Devon explains that private lending involves lending money to investors who need capital for their projects, and in return, he receives a set interest rate an...
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Key Takeaways
Private lending can provide 12-14% cash on cash returns, making it a lucrative addition to a real estate investment portfolio.
Private lending involves lending money to investors who need capital for their projects, with the property serving as collateral.
Limited downside risk is a significant benefit of private lending, as the lender can take over the property if the borrower defaults.
Private lending can be done with a small amount of money, making it accessible to a wide range of investors.
Combining private lending with other real estate investment strategies can create a well-rounded portfolio.
Notable Quotes
I like that. So I, you know, I tried it. I didn't fully know what I was doing. Did it a few loans, worked out, and then I just started to build it up and I created a business based on it.
It completely limits the risk because if you're doing it right, you're only lending at 80% or sometimes for me I lend 70% of what the sale price should be.
Chapters
Introduction to Devon Canard and Private Lending
The Benefits of Private Lending
Getting Started with Private Lending
Resources Mentioned
Bigger Pocketswebsite
Self-Directed IRAinvestment vehicle
James Dannerperson