RG 338 - What You Should Know About Hard Money Lending w/ Will Coleman
b'What is a short-term loan, and why would a borrower choose it over a traditional loan? Let\\u2019s welcome Will Coleman of UrbanGate Capital to the show this week to shed light on some of our questions about hard money lending.\\n\\nWill Coleman is a Co-Founder and the CEO of UrbanGate Capital, a real estate hard money and private capital lending company. Through his expertise in operations and investor relations, Will helps other investors earn high-yield returns on short-term hard money loans in Texas and Tennessee. Since they started two years ago, Will and his team have loaned out over $25 million.\\n\\nHow do short-term loans work? And how does UrbanGate gain a profit? Whether you\\u2019re an aspiring lender or house flipper\\u2014or simply on the lookout for hard cash\\u2014you probably have a lot of questions about short-term loans. Luckily, Will is here to walk us through the short-term loan process, including how they find borrowers and keep an edge against other lenders.\\n\\nKEY TAKEAWAYS\\n1. Investors have varying risk appetites regarding short-money loans, depending on their space.\\n2. As long as the cost of capital is going up, values are going down (correction effect).\\n3. People usually don\\u2019t want to flip houses when valuations are going down.\\n4. Speed is sometimes hard money\\u2019s advantage against traditional, lower-interest loans.\\n\\nLINKS\\nhttps://www.urbangatecapital.com/\\nhttps://www.linkedin.com/in/will-coleman-a6b617111/\\n\\nINVESTMENT OPPORTUNITIES\\nWant to invest alongside Reed? All investments are 100% PASSIVE. Historical returns to accredited investors have ranged 18-31% annualized! To find out more, head on over to\\u2026 \\nwww.reedgoossens.com'