Do not lend without underwriting first! You will see a lot of second position deals when branding yourself as a PML. Whenever you are lending in second position, you have to know what first position owed before you even know if it's a deal worth looking at. Think of it this way, if you have a cup 75% full of water. You can only fill it 25% more before it overflows. The borrower might be asking you for that 25%(or a certain amount in second position) but without knowing how full the cup is already, you could be at risk of overflowing the cup. Overflowing the Cup = UPSIDE DOWN MORTGAGE in real estate world. You DO NOT want to lend more $$ on a property than the value of that property. You always want to lend LESS than what a property is worth, not more. If there is a lender already on the property, they are first position, and you HAVE to know what they are owed before you consider putting more debt on the property. Comment below if this provides clarity! Remember do not ever rush into deals, especially if you don't know what you are looking at.

Welcome to the Community! I'm your host, Alexis Morgan! For some context, I currently run a Private Money Lending Real Estate business out of Atlanta GA. My business generates seven figures of revenue every year and six figures each month. In June, I spent the whole month in a tiny European country working 2 hours each week and still made $30k that month after splitting profits with my business partners. This was the life I always dreamed of and I was able to go from nothing to the business I have now in less than 2 years. I want to show you how you can do the same. Weather you have some cash from a savings account, IRA, or line of credit OR you want to build a business, I'm here to help you get your FIRST private money lending deal. This community will kickoff over the next few weeks. In the meantime, create a new post and introduce yourself and share a picture - Where are you from? - What do you want to get out of the group? - What is your passive income goal? ($/mo) - WHY do you want to start lending? - Respond to another community member. I can't wait to meet and connect with you all. Be sure to connect with me on LinkedIn, Facebook, and more! hoo.be/alexisjmorgann

What is underwriting? The most important thing for a lender is to make sure they get all their money back. The second most important thing is to make the best return on their money. It is crucial to figure out what the property you are lending on is worth as-is in order to know the most you can lend on it and be safe. Comment here how comfortable you feel right now 1-10 on your underwriting skills. 1 being brand newbie and 10 being GENIUS level. 🚩DO NOT START LENDING UNLESS YOU FIRST UNDERSTAND HOW TO UNDERWRITE! 🚩

The bloodline of any business is LEADS!📈 In the classroom tab, there is a short video on how to find leads for your PML Business! Remember, this community exists to help you get your first PML Deal. In order to do so you need leads coming in, that is the FIRST STEP! Comment on this post, "NEED" or "HAVE" if you need leads still or have leads that need funding! If you HAVE, put what kind of deals you specialize in? (Market, Position, Average Amount, ETC) Housekeeping Items - New Tabs on the Community Tab! 😆 "Available Deals" and "Beginner Questions" exists here in school. What are you main questions about PML? If you have available deals that need funding right now there's a tab for you! 💰 (Check out this tab as I currently have deals available!) - LEADERBOARD!🥇 On Sept 25th I will choose whoever is #1 on the leaderboard and give them a FREE virtual ticket to my upcoming PML Mastermind where decades of lending knowledge will be shared! You get points by engaging in the community, posting, comenting and watchign the classes! Extra leaderboard points if you share the community with a friend!❤️‍🔥 This is your opportunity to get a FREE ticket to this can't miss event! Homework: - Introduce yourself if you haven't already! - Watch the Finding Borrowers Video and Post 3 TAKEAWAYS - Take ONE Action Step Toward Finding Your Own Borrowers for PML Deals & Post What Action You Are Taking