Hey guys – Cody Sperber here. I’m back again with another great lesson. I want to help you to have a clear understanding of the differences between private money, hard money, and what I’ve come to call, Buddy Money. More on the Buddy Money subject in just a minute…
Through the years, I’ve found this to be a big source of confusion for newer investors. Not just how each one works, but also when is the best time to use one or the other. Sometimes these definitions are blurred. So today, we’re gonna take a look.
First of all, let me say that I remember when I was a newbie investor – the amount of information that I was trying to learn was overwhelming. It was tough to keep everything straight in my mind. This is one of the reasons why I so enjoy coming to you with these lessons. I want to break it down for you in easy-to-digest and understand bits.
So, let’s dig in. We’ll cover:
Cody Sperber
is founder and CEO of www.CleverInvestor.com. He's successfully closed many different types of real estate transactions including wholesale deals, short sales, multi-unit, subject to, lease options and my own proprietary investing strategy, the Reverse Short Sale. As a new investor he quickly gained a huge competitive advantage by mastering online lead generation, building one of the most successful real estate investing firms in the Arizona market. His companies have bought and sold hundreds of millions in properties and closed hundreds of real estate transactions. Before real estate, Cody served in the Navy and attended Arizona State, and he is now married to his best friend and has two beautiful children (Hudson and Brynlee).