Earning 8-10% Interest With Private lending (Passively)
Most people don’t realize they can earn 8-10% interest on their money passively secured by a tangible object…that tangible object being real estate, specifically, single family houses. Physical assets you can drive by and actually touch that are used as collateral for your money. This is called private lending.
I bought a house recently that needed roughly $30,000 in repairs. I had enough money to purchase but needed the $30,000 in order to get the houses to retail value, so I reached out to a friend of mine.
This friend of mine mentioned months prior that he had $30,000, and knowing I could get him a return, asked me to reach out when I had a deal for us to work on together. So, I gave him a call, showed him the collateral (the house and value of the house), he liked it and agreed to lend the money.
We had the title attorney prepare the proper docs to protect his investment that detailed the amount of interest we agreed upon plus the due date to return the principal amount. For the next 6 months he sat back and collected an interest only payment without managing the property, fixing it up or selling it. That was my job.
Private lending can be a great way to keep your money working for you as opposed to letting it sit in a bank getting devoured by inflation and allowing your bank to use your money. It’s a very simple process, and structured correctly, can be a very safe way to invest with proper protection in place.
If you’ve thought about investing in real estate but don’t want the headaches of dealing with tenants and managing projects or would like to explore other investing opportunities feel free to reach out to me anytime. You can reach me at Gabriel@kngprop.com or 931-728-6721
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2
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3
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If you need to sell your home fast in Middle Tennessee, Gabriel Buys Houses is ready to help. We work with homeowners across Rutherford, Bedford, Maury, Williamson, Davidson, and surrounding counties to make selling your home fast, easy, and stress-free.