PLP-070 First Private Lender Academy event – Title Class

Published: May 13, 2019, 6:01 a.m.

The mission of this podcast and website is to provide people just like you with the the education and confidence necessary to successfully and safely invest in real estate while still keeping your 9-5 job. In addition, I have the goal of building a community of lenders (Lender Nation) who can be a sounding board for each other, as well as the source of deals and opportunities.

Becoming a private lender has lead me to interesting investment opportunities while allowing me the time to hone my deal evaluation skills, increased my network of investors and entrepreneurs all while learning from their particular expertise, and ultimately going into business with a heavy-hitting and prolific investor by forming Asset REI, LLC

ABOUT ME

I began painting houses in high school with my neighbor Marc and worked construction through college, performing rental make readies and flips for investors while earning a degree in Philosophy and German. No really, I did, and I actually admit it!

I started my own construction/general contractor company after college because I didn’t want a “real” job” and earned my PhD (Public humiliation Diploma) when I trusted the wrong people and my friends trusted me, erroneously: I didn’t plan, so I planned to fail. Yep, my business and I failed miserably.

I worked as a Construction Manager at McGuyer Home Builders (Pioneer and Plantation Homes). I managed the construction of single-family homes from the $150’s to the $350’s in Richmond, TX area. Once housing starts began to drop I could see the writing on the wall: since I was the last to be hired on, I would be the first to go. So, just as the housing market peaked I jumped head first into a field position with an oilfield service provider: Schlumberger (thank you Curtis Rene`!).

I then parlayed my oilfield knowledge into a career as an energy loss adjuster, mainly in the upstream and mid-stream Oil & Gas sector, handling claims and settlements in excess of $100,000,000. To date I have overseen the settlement and payment of claims in excess of a billion dollars of Other People’s Money, primarily on behalf of syndicates at Lloyd’s of London.

When I decided to invest in real estate I hadn’t yet developed the confidence to speak to sellers, so I bought my first investment property from my parents, just to get moving. My wife and I then house hacked our way through our starter home, which we slowly flipped for a nice profit. Then I decided it was time to become a landlord, which I again learned about the hard way!

Because I travel so much for my day job, I converted an old 401(k) into a self-directed IRA (SDIRA) and began private lending to local real estate investors to keep me in the real estate investing loop, close to the action, and to expand my network. Through private lending I bought my first rental property from a potential borrower and I met my business partner, Landon. Together Landon and I formed Asset REI, LLC, which focuses on providing owner financing to buyers and properties that are neglected and overlooked by the too big to fail banks: thus we become the bank!

I’ve had the honor to serve on the board of one of the oldest non-profit Real Estate Investing Associations in the United States: The Realty Investment Club of Houston (RICH).

My goal for the Private Lender Podcast is to provide you the knowledge and confidence to step up to the world of alternative investments, take control of your future in terms of your well being and education, not just your finances.

Remember, the greatest real estate investment you can make is in the space between your ears.



I wish you safe, happy and prosperous investing,

Keith