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Episode 121: Hard Money Lending 101: What Every Investor Needs to Know (Dan Butler)
09/08/2025
Episode 121: Hard Money Lending 101: What Every Investor Needs to Know (Dan Butler)
In this episode, Spencer, Adam, and special guest dive deep into the world of real estate investing and hard money lending. Dan shares his journey from cutting grass and boarding up houses in Memphis to building a portfolio of hundreds of rentals, launching , and eventually becoming a hard money lender. He talks about the lessons learned during the 2008 financial crisis, the importance of doing the right thing with banks and partners, and how character and trust play a massive role in lending and investing. Dan also breaks down how he underwrites deals, manages risk, and why having strong processes is the key to long-term success. This is a masterclass in building wealth the right way—through integrity, long-term partnerships, and a willingness to give. What You’ll Learn in This Episode: How Dan got started in real estate back in 2001 and why Memphis turned out to be one of the best rental markets in the country. Lessons learned during the 2008 crash and why paying your notes on time created unexpected opportunities. Why local banking relationships are critical for investors. The difference between short-term transactions and long-term partnerships. How Dan transitioned from property management into hard money lending. The five C’s of credit and why character matters most in lending. How to underwrite a hard money deal: ARV, credit score, cash reserves, and the importance of referrals. Why clear processes and strong communication set investors apart. Why paying off properties can unlock new opportunities and accelerate wealth. The importance of writing down your goals and creating a long-term vision. Memorable Quotes: “If you put money as the byproduct of doing the right thing and being a giver, the money will come.” “Don’t chase short-term transactions—build long-term partnerships.” “The bar is so low in real estate. If you just answer your phone, communicate, and do what you say you’re going to do, you’ll be better than 90% of people.” =================================== Connect with Matt and Spencer at Evernest: Hosts: and Guest: of | Connect with Dan: | Visit the Podcast Website: Email the Show: =================================== Production House: Copyright of Evernest 2025.
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