147: Hard Money with Ryan Wright

Published: Oct. 1, 2018, 2 p.m.

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\\nRyan Wright - Entrepreneur, Real Estate Investor & Hard Money Lender
\\nRyan G Wright is the CEO of DoHardMoney.com. Almost 10 years ago, Ryan started investing in fix and flip properties. He soon saw that it was difficult to get funding quickly on these properties, much less from reputable and reliable sources. He saw a need and filled it: he founded Do Hard Money.com. Coming from a background of real estate investing, he understood the needs investors have. He wanted to provide a way for others to grow their real estate investing business by offering short term loans with no money down and no monthly payments. The solution was Do Hard Money, a private hard money company that offers short-term funding for real estate investors.
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\\nHe began his career in real estate at 21, working in the mortgage industry. The Salt Lake Board of Realtors named him the \\u201cReal Estate Rookie of the Year\\u201d his first year in the industry. His previous real estate company won \\u201cBest of State\\u201d for the state of Utah. He was also awarded the State of Utah Young Entrepreneur award in 1996. Having completed hundreds of short sales in his career, he has first-hand experience in closing successful short sales and going through the process from a lender\\u2019s perspective.
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\\nKey Points
\\nThe life cycle of a real estate investor
\\nYour first deal likely won't be a home run, but do it anyways!
\\nRenting slightly under market to avoid vacancy
\\nBuilding out separate business ventures from your original niche
\\nHard money - what it is, when and who should use it
\\nLightning Questions
\\nWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it?
\\nFear as a big hurdle. With the support and confidence from his wife, Ryan was able to get started.
\\nDo you have a personal habit that contributes to your success?
\\nEarly to bed, early to rise. No TV, and always learning.
\\nDo you have an online resource that you find valuable?
\\nSleep Cycle App
\\nWhat book would you recommend to the listeners and why?
\\nHigh Performance Habits by Brendon Burchard
\\nMiracle Morning by Hal Elrod
\\nShoe Dog by Phil Knight
\\nIf you were to give advice to your 20 year old self to\\xa0 get started in real estate investing, what would it be?
\\nStart sooner! Find someone who will help you along your journey. Lear from their mistakes and successes. Stand on the shoulder of giants.
\\nResources
\\nDoHardMoney.com
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\\nClick here for a free digital download of\\xa0How to Get All The Money You Could Ever Handle: A Real Estate Investor\\u2019s Guide To Funding Deals by Ryan Wright
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\\n\\xa0Visit\\xa0Audible\\xa0for a free trail and free audio book download!
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\\nSponsor Details
\\nCheck out Commercial Loan Success\\xa0, using this link for special pricing"