Episode 17: Private Money & Hard Money with guest Kenny Wright
Join JD, Annabel, and Melissa (The Real Estate Jam) with Kenny Wright (Longhorn Notes) as they talk about private and hard money lending. He shares his start with construction and having headaches with rental and wholesaling, which led to his start with money lending. Kenny discusses his experience with franchising and what to look for when considering it. They also get into his transition from private money to hard money, his different processes in place for the business, and some of his learning experiences.
By the end of the episode, you will learn to observe the current market you’re in and build good relationships. Stay tuned, and enjoy the podcast!
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About Kenny Wright:
We are Distressed Note Investors. We buy Non Performing Notes (NPNs), mortgages and deeds. Based out of the great State of Texas, our goal is to provide value for people in different aspects of life.
Homeowners
We want to help struggling families currently facing the many ways of hardship by acquiring their 1st lien Non-Performing mortgages throughout major metropolitan areas from lenders wanting to clear their balance sheets.
Banks
We offer a service to purchase NPNs from Banks at a discounted rate. In return they are able to clear their books of distressed debt which frees them up to lend on future potential opportunities.
Investors
We want to provide Investors with a performing secured asset for their capital at a higher yield than they are able to achieve in a typical bank setting and in a shorter time frame. We get notes performing and place them with a servicing center. This gives the investor a more “hands off” approach on their investment.
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You can find Kenny Wright on…
Website: https://www.longhornnotes.com/
Facebook: https://www.facebook.com/LonghornNotes/
Email: kenny@longhornnotes.com
Phone: +1 469-758-3454
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Connect with The Real Estate Jam!
Website: https://www.shorefrontrestorations.com
Facebook Page: https://www.facebook.com/ShorefrontRestorations
Instagram: https://www.instagram.com/shorefrontrestorations/
YouTube: https://www.youtube.com/channel/UCa_CWAV1OvH81yp6fITB4lg
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