If you ask five different real estate investor’s opinion on “hard money” for real estate deals, you will get five different opinions!
Hard money (like everything in real estate) has its time and place.
Today we have the pleasure of interviewing Wendy Sweet on today’s show. Wendy is a Principal with Carolina Capital Management, LLC/Sweet Carolina Houses, LLC. Wendy has been lending money to investors since 2001 as both a conventional lender and a hard money lender. In 2008, she along with countless others tossed conventional lending to the trash pile. She dug in by growing her hard money company offering funds to the investors who were able to navigate the changing world of real estate. She and her partner who is also her brother, Bill Fairman, have been successfully lending money primarily in North and South Carolina to investors, rehabbers and builders. Currently they lend to commercial investors for multi-family, multi-tenanted projects in key areas of the US. They now
manage a real estate fund for accredited investors in addition to brokering loans for those with money to invest. Wendy is also a 35 year licensed real estate broker in both Carolinas.
On today’s episode, we discuss a lot with Wendy, including:
- What is hard money
- When to use (and NOT use) hard money
- How to find private lenders
- How to build relationships that help you grow your business
- How to utilize your IRA to invest in real estate
Resources/Books mentioned in the show:
- IRA Companies: https://www.camaplan.com/; https://www.questira.com/; http://americanira.com
- The Richest Man Who Ever Lived by Steven Scott
Wendy’s contact information:
Website – www.carolinahardmoney.com
Facebook – Carolina Hard Money
Email – firstname.lastname@example.org
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