{"id":745,"date":"2025-05-21T07:04:37","date_gmt":"2025-05-21T07:04:37","guid":{"rendered":"https:\/\/lighteningweightloss.com\/wealth\/?p=745"},"modified":"2025-05-21T07:04:37","modified_gmt":"2025-05-21T07:04:37","slug":"how-the-rich-use-debt-to-multiply-wealth%f0%9f%92%b0","status":"publish","type":"post","link":"https:\/\/lighteningweightloss.com\/wealth\/?p=745","title":{"rendered":"How The Rich Use Debt to Multiply Wealth\ud83d\udcb0"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/y_C1OPwGCzU\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>Watch \ud83d\udc47<\/p>\n<p>\ud83c\udfe1How to Set Up A $2,500\/mo Airbnb in 84 Days<\/p>\n<p><iframe loading=\"lazy\" title=\"How To Set Up A $2,500\/Mo Airbnb In 84 Days [9 STEPS]\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/8ElREEr3gro?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>How do you find private money?<\/p>\n<p>I\u2019ve used private money lenders though my career to fund my deals multiple times.<\/p>\n<p>And anyone can do this they just don\u2019t know how to start.<\/p>\n<p>Private money lenders present 2 problems for most people:<\/p>\n<p>a) Where to find them?<\/p>\n<p>b) How to borrow their money?<\/p>\n<p>Okay so first, I met mine by going to REIA events and meeting with people.<\/p>\n<p>I met this guy, we talked and established a connection meaning we exchanged contact info.<\/p>\n<p>After some time, I found this duplex for $140K and showed him the deal.<\/p>\n<p>He said he\u2019ll borrow me money for the purchase price.<\/p>\n<p>And after doing some repairs, I pulled out 80% of the equity which paid for everything.<\/p>\n<p>The rent was paying the new mortgage and I was still making $400\/mo profit.<\/p>\n<p>The second problem is how to borrow money\u2026<\/p>\n<p>Or why would they borrow money to you?<\/p>\n<p>These guys are seasoned investors and are not hunting for as many deals as they could find.<\/p>\n<p>They\u2019ll rather lend money to someone and make easy interest on it.<\/p>\n<p>It\u2019s less work for them and less risk since they won\u2019t accept bad deals.<\/p>\n<p>But you need to have a good relationship with a lender and show him only the best deals you can find. Make sure you\u2019re not wasting their time.<\/p>\n<p>And if you want to learn more about real estate investing, make sure you give me follow!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watch \ud83d\udc47 \ud83c\udfe1How to Set Up A $2,500\/mo Airbnb in 84 Days How do you find private money? I\u2019ve used [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lighteningweightloss.com\/wealth\/?p=745\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How The Rich Use Debt to Multiply Wealth\ud83d\udcb0 - Wealth\" \/>\n<meta property=\"og:description\" content=\"Watch \ud83d\udc47 \ud83c\udfe1How to Set Up A $2,500\/mo Airbnb in 84 Days How do you find private money? 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