Wendy shares a huge insight she discovered while on a recent Financial Friends Network Cruise.
One lender does a small time lending business, but he gets over 18% on his lending.
It is a super small niche that makes him great profits.
Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground up Construction Loans" for investors only in NC, SC, GA, VA and TN (some areas of FL, as well).
As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management.
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Bill Fairman (00:04):
Hi everyone. It's bill Fairman and Wendy sweet, at
Carolina capital management. One of the things that I envy the most is Wendy's
availability on take a cruise. We do, I envy that to my associate. She was just
recently on the financial friends network cruise that went through key West and
then the Cozumel, a five day cruise and then back to Fort Lauderdale I think
were went out. No,Miami. That's Miami. Okay. So I got to spend a long weekend
in Miami too. Excellent. I sold that in at the last minute. What were some of
the, uh, key takeaways you got from some of the presenters?
Carolina capital management. One of the things that I envy the most is Wendy's
availability on take a cruise. We do, I envy that to my associate. She was just
recently on the financial friends network cruise that went through key West and
then the Cozumel, a five day cruise and then back to Fort Lauderdale I think
were went out. No,Miami. That's Miami. Okay. So I got to spend a long weekend
in Miami too. Excellent. I sold that in at the last minute. What were some of
the, uh, key takeaways you got from some of the presenters?
You know, there's so many that I could probably sit for
hours and talk about it. So that's why I would recommend that you buy the
videos if you get a chance to, cause I'm telling you, they're so incredible.
But you know, as a lender, I'm always impressed at what other lenders will do.
And there's this one guy out of Jackson, Mississippi. His name's Randy. He's
incredible with all that he's doing. He's been in the business longer than us
actually. And he does what I look at as a small time mom and pop type lending.
He gets between 18 to 35% return on his money. That's interest rate on as many
some cases even, it's even getting more than that. But the thing that he's
doing several different things, but the one thing that really stood out in my
mind, and this is good too, if you have small dollar IRA money you're trying to
lend out, but he is known in the area to all the investors that own multiple
properties, like five or more investment properties that he will pay their
taxes for them.
hours and talk about it. So that's why I would recommend that you buy the
videos if you get a chance to, cause I'm telling you, they're so incredible.
But you know, as a lender, I'm always impressed at what other lenders will do.
And there's this one guy out of Jackson, Mississippi. His name's Randy. He's
incredible with all that he's doing. He's been in the business longer than us
actually. And he does what I look at as a small time mom and pop type lending.
He gets between 18 to 35% return on his money. That's interest rate on as many
some cases even, it's even getting more than that. But the thing that he's
doing several different things, but the one thing that really stood out in my
mind, and this is good too, if you have small dollar IRA money you're trying to
lend out, but he is known in the area to all the investors that own multiple
properties, like five or more investment properties that he will pay their
taxes for them.
So he lends the tax, property tax money at the end of
every year that you know it's doing or the beginning of the next year. I get
this, it's really due in January. So they all know that if they're short, you
know, $10,000 $20,000 whatever it's taken to pay those taxes, that he'll lend
them that money at 18% and he allows them to pay it over 12 months. So at the
end of the 12 months when it's paid off, their taxes are due again. And guess
what happens? They come back to, he gets to do that again. So if the, if they
don't pay, that's like the best thing that could happen for him because then he
gets to foreclose on the properties because he's got that lane for the taxes
that now he did say that he tries to look for people that have multiple
properties and that at least half of them are paid, like paid in full. Like
there's no mortgage on them. That's the kind of deal he's looking for. If
there's a mortgage in front of some of the other ones, he can still pay off
that mortgage and take it back. He's still gonna get it at, at whatever that
mortgage is on it, which if it's a good investor, it's going to be much lower
than what the property is worth. So I thought that was pretty cool.
every year that you know it's doing or the beginning of the next year. I get
this, it's really due in January. So they all know that if they're short, you
know, $10,000 $20,000 whatever it's taken to pay those taxes, that he'll lend
them that money at 18% and he allows them to pay it over 12 months. So at the
end of the 12 months when it's paid off, their taxes are due again. And guess
what happens? They come back to, he gets to do that again. So if the, if they
don't pay, that's like the best thing that could happen for him because then he
gets to foreclose on the properties because he's got that lane for the taxes
that now he did say that he tries to look for people that have multiple
properties and that at least half of them are paid, like paid in full. Like
there's no mortgage on them. That's the kind of deal he's looking for. If
there's a mortgage in front of some of the other ones, he can still pay off
that mortgage and take it back. He's still gonna get it at, at whatever that
mortgage is on it, which if it's a good investor, it's going to be much lower
than what the property is worth. So I thought that was pretty cool.
Nice. Well I was going to ask, is it depend on the state?
I mean, is he actually buying, he's not really buying a tax lien, not
I mean, is he actually buying, he's not really buying a tax lien, not
buying a tax lien. He is paying the taxes for the investor
and he a note on that.
and he a note on that.
Okay, cool. That's way cool. So, uh, any other
presentations that stuck out in your mind? Absolutely! That was awesome. Thank
you. I'm really excited about.. How can people get to a chance to see some of
these videos and action.
presentations that stuck out in your mind? Absolutely! That was awesome. Thank
you. I'm really excited about.. How can people get to a chance to see some of
these videos and action.
Absolutely. You need to go to Wendydeals.com or you can go
to Walterwofford.com and that's Walter W A L T E R Wofford is W O F F O R
d.com. And with his link you can actually join the financial friends network as
well.
to Walterwofford.com and that's Walter W A L T E R Wofford is W O F F O R
d.com. And with his link you can actually join the financial friends network as
well.
And by the way, Wendy would love you to use wendydeals.com
because she can pay for that extra lunch she needed affiliate income that she
will receive from it. Don't worry, it won't cost you any more or any less,
unfortunately, wherever you purchase the videos for. That's right. That's
right. But for full disclosure, she is getting a little taste.
because she can pay for that extra lunch she needed affiliate income that she
will receive from it. Don't worry, it won't cost you any more or any less,
unfortunately, wherever you purchase the videos for. That's right. That's
right. But for full disclosure, she is getting a little taste.
Well and I need to say this to any money that we make off
of that, that we get off of that affiliate link will be donated to the work
that we're doing in Africa.
of that, that we get off of that affiliate link will be donated to the work
that we're doing in Africa.
Excellent. So what about the cruise can other people get
on?
on?
Absolutely. That's where you need to go to
Walterwofford.com and you can learn about financial friends network and you'll
learn about the cruises at that time too.
Walterwofford.com and you can learn about financial friends network and you'll
learn about the cruises at that time too.
And by the way, the next one coming up is going to be
where?
where?
um, let me think. Is this with the one in New Zealand? Yes.
Wee, this is in January.
Wee, this is in January.
January of 2021. Right. The next cruise is going to New
Zealand. You got to pay for your own airfare. Yeah. Yeah. Tell all your
friends. But that one will be really good. 10 day trip. Awesome. Alright,
thanks. Go. Thanks.
Zealand. You got to pay for your own airfare. Yeah. Yeah. Tell all your
friends. But that one will be really good. 10 day trip. Awesome. Alright,
thanks. Go. Thanks.
Hi. If you really liked this show, what you can do is you
can check out some of our other shows that might or might not pertain to it.
You can check up there. You can check over here. You can check down here, check
it out. Don't be afraid to like us, right? Subscribe. Do that to subscribe for
our page and hit like
can check out some of our other shows that might or might not pertain to it.
You can check up there. You can check over here. You can check down here, check
it out. Don't be afraid to like us, right? Subscribe. Do that to subscribe for
our page and hit like
we'd love to have you do that. Thanks.
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Podcast:
http://thealternativeinvestor.libsyn.com/wendy-sweet-cruise-lesson-25
Visit:
https://redirect.viperseotools.com/r/iframe?key=Pkbn9kpWlAOJ
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