I know there’s a lot of real estate investors out there who are a little afraid to explore the realm of private lenders. That’s why I’ve brought Heather Dreves on the show today. She works with a private lender - Secured Investment Corp – and she’s spent decades working the ins and outs of the lending business. She’s seen real estate investors succeed and fail, and she herself has a few learning experiences to share, and all of it inspired her to pursue real estate investment! So if a private lender can venture into our area of expertise, all of us real estate investors can benefit from her knowledge as well.
Heather enjoys lending money to self-employed entrepreneurs and their families. Watching people succeed in their business motivates her, and that’s why she and her lending team focus on transparency, mentorship, and making sure their people make their money back. She learned early on that focusing on the bottom line was not enough to sustain a business, and after foreclosures and property taxes caught up with many of her clients, she decided to change her approach. Now, seminars, classes, and success and accountability programs are all ways Heather and Secured Investment Corp are insuring that their clients earn all their money back (and then some).
She’s also getting her hands dirty. She talks on this episode about how she and her husband are in the process of finishing their first fix and flip. Seeing the process and where the invested money actually goes really puts her lending business in perspective. You have to appreciate the knowledge that experience gives, and having the courage to try something new or seize a new approach is what Heather and I talk about today. It’s time to get yourself out of the fear zone and learn something fresh!
MINUTE MARKERS
- 4:13 - How is Heather attacking real estate investing?
- 6:28 - Heather’s company – Secured Investment Corp – is loaning money to flippers
- 7:50 - Heather’s background originally started in sales
- 9:00 - The difference (or is there?) between private money and hard money
- 9:50 - Property taxes changed the game for Heather
- 11:30 - How to manage loans and properties across different states
- 14:10 - Why working with local lenders set Heather apart from herd
- 16:00 - What do seminars have to do with money lending?
- 17:40 - Heather is doing her own fix-and-flip!
- 18:55 - The best strategy for approaching your fix-and-flip
- 20:33 - Heather’s bit of advice for running your own real estate business
- 22:11 - Why does she wish she got into real estate investing sooner?
- 23:26 - Heather’s favorite, unconventional, motivational quote
- 25:20 - Heather is literally paid to read a book every month!
- 27:13 - Heather’s favorite mobile apps will change your perspective
- 29:42 - Heather breaks down her morning routine
- 31:00 - Heather discusses how lending funds work in action
- 32:46 - The single lesson Heather learned that got her to this top spot today
- 33:30 - What are the criteria for Heather’s loans?
- 35:52 - How many opportunities is Heather grateful for?
- 37:30 - When did Heather start using a mentor or coach?
- 38:48 - Heather’s clients inspire her to get out of bed every morning
- 40:20 - Connect with Heather at www.securedinvestmentcorp.com
QUOTES
“I honestly have worked my way through a private money company from the start to the end.” Heather
“You have to get started to start creating wealth.” Heather
Links and Resources:
If you’re someone looking for borrowing money that’s looking to finance a project either that you’re purchasing or refinancing, you can go to Co Go Capital or Secured Investment Corp
Mike Zlotnik at tempofunding.com
The Power of Habit by Charles Duhigg
The One Thing by Gary Keller
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