Private Lending Investing – Less Risk and Steady Returns – Tom Berry: Ep #503

Let’s go down the rabbit hole of private credit lending with my friend Tom Berry. This is something we’ve been doing in Freedom Founders since the beginning. In this episode, you will hear how to be successful and profitable in any stage of the market. If you want to know how private lending might fit into your asset allocations, this episode is for you!

Buying properties and private lending are the two pieces of the capital stack that give us a mix of ownership and credit. As an established and seasoned real estate investor and teacher, Tom brings important insight into the private equity and lending arenas. He also gives us a glimpse at what’s going on in the current economy and shares his take on when to get involved in private lending.

Minute Markers:

2:38 – The reality of private lending and private investing.
7:03 – How lending fits into your investment strategy.
8:40 – Tom’s experience in real estate and important lessons he learned from the beginning.
10:42 – What to look at when deciding if you should go forward with a loan.
14:12 – Who Tom works with and why he would never close a deal without them.
16:39 – The importance of following protocols and the issues with fraud.
20:10 – What it takes to better understand the risks of the investment.
24:54 – What to do when things go wrong and why blame is not the right mindset.
26:53 – Tom’s thoughts on interest rates and his outlook when it comes to the economy.

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Power Concepts:

“The reality is that banks are very niche in what they’ll lend on. If private lending and private investment didn’t exist, the country would come to a hault.” – Tom Berry

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“I’m a deal junkie when the numbers work, but if they don’t work, I just lend. It’s a great place to just sit back and get a nice return until the market offers me another opportunity.” – Tom Berry