Austin Rutherford – Private Lending Course
Austin Rutherford, is an entrepreneur that has built a 7 figure per year real estate investing business and owns 28 rental properties (doors).
He has raised over $15M in private money and has flipped over 200 houses in the past 5 years using other people’s money to fund his deals. Austin borrowed his first quarter of a million dollars at the age of 21 with zero experience and got the deal 100% funded for his first flip ever.
You can raise private money at any point in your career to either get started in the business or grow what you are currently doing but you need to understand the ins and outs of private money lending and that is what this course is built for!
You will learn everything about how borrowing the money works, where the money goes, the documents that we use, the conversations that we have with private money lenders, where to meet private money lenders, how to talk with them, and the ONE line that will connect you with more potential private money lenders.
Course Curriculum
Understanding Private Money Lending
- What is Private Money Lending? (3:49)
- Gettinged (6:32)
- Do Nots of Private Money Lending (4:50)
- Where Are Private Money Lenders? (6:02)
Raising Private Money Process
- Preparing for Talking With a Private Money Lender (2:12)
- Your Credibility Packet (9:26)
- First Phone Call To Lenders (2:06)
- Notes on Intro to Lender Script (1:53)
- First Call Script (12:17)
- Follow Up Call (1:48)
- Follow Up Call Script (9:20)
- Where Can Private Money Lenders Access Money to Lend Me? (7:09)
- Self Directed Retirement Accounts (6:54)
Determine if Deal or No Deal and Presenting to Lenders
- How to Use the Deal Anazlyer (11:04)
- How to Use the Private Lender Calculator (5:13)
- Putting Together a Deal Packet (8:40)
- Presenting the Deal Packet to the Lender (13:58)
Documents for Lenders
- Documents We Give Our lenders (11:30)
- Promissory Note (9:03)
- Cognovit Promissory Note (6:48)
- Mortgage (7:47)
- How Money Flows Through Title on a Purchase (5:40)
- How Money Flows Through Title on a Sale (3:53)
- Calculating a Lenders Payoff (5:29)
- When We Borrow, Our Normal Loan Terms (2:37)
- How Lenders Get Paid Back (1:26)
- Private Lenders FAQ (17:38)
Bonus – Escrow and Rehab Agreements
- When to Use Escrow and Rehab Agreement (5:19)
- Escrow Agreement (6:04)
- Rehab Loan Agreement (5:28)
- Release of Lien (4:16)
- Escrow Release (2:39)
- Overview of Requesting the Escrowed Funds (4:08)
Sale Page: Austin Rutherford – Private Lending Course