Money Makin' Mamas Show

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Looking for another way to fund real estate deals—or wondering what it actually means to become a private lender?

In this episode of the Money Makin' Mamas Show, Nancy Wallace-Laabs sits down with Chris Naugle, founder of Private Money Club, for a practical conversation about private money and how it works in real estate investing.

Chris breaks down the difference between private money and hard money, what types of deals private lenders may consider, and why relationships are such an important part of connecting borrowers with capital.

But this conversation isn't only for borrowers.

Nancy and Chris also turn the discussion around and look at private lending from the lender's perspective. What due diligence should you do before putting your money into someone else's deal? What should you know about the borrower, the property and the numbers? And how do you avoid making a decision based solely on an attractive return?

Chris also shares why he created Private Money Club, who private lenders really are, how self-directed retirement accounts and other sources of capital can enter the conversation, and why education is critical on both sides of a private-money transaction.

In this episode:

•  Private money vs. hard money 
•  What types of real estate deals private lenders fund 
•  How to approach potential private lenders 
•  What lenders should know about borrowers 
•  Due diligence before lending on a real estate deal 
•  Who becomes a private lender 
•  Self-directed IRAs and other potential sources of capital 
•  How Private Money Club connects borrowers and lenders 
•  Why relationships, education and transparency matter 

Whether you're trying to fund your next real estate deal or you're interested in understanding the other side of private lending, this conversation gives you a look at both sides of the table.

Guest: Chris Naugle
Founder, Private Money Club

Ready to build your own real estate investing system?
Thinking about buying a rental property?
Download the FREE Rental Property Deal Check: 10 Questions to Answer Before You Buy.
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Ready to build your own real estate investing system?
Get the step-by-step Real Estate Investing System Nancy uses to evaluate opportunities, make better decisions, and build your investing business:   https://pswxb3-cy.myshopify.com/collections/start-investing

What happens when you make a decision—and then the information changes?

In real estate investing, it happens all the time.

You run the numbers. Talk with the seller. Do your due diligence. Agree on a price. Sign the contract.

Then something changes.

A title problem appears. An unexpected lien is discovered. A repair is much more expensive than anticipated. Another heir has to approve the sale. Or new information changes the deal you thought you were buying. 

In this solo episode of the Money Makin' Mamas Show, Nancy Wallace-Laabs shares real deals where that happened—including a foreclosure property derailed by a $70,000 lien, a property with hidden foundation and plumbing problems, and a transaction involving multiple heirs and one person no one could locate.   

The challenge isn't simply knowing how to solve a problem. It's knowing whether the problem is still worth solving.

Nancy shares the three questions she comes back to when new information changes a deal:

What exactly changed?
What does that change do to the numbers, risk or outcome?
Knowing what I know today, would I still say yes? 

Because sometimes persistence means finding a solution.

And sometimes good judgment means recognizing that the deal has changed enough that it's time to walk away. 

A good opportunity can still be the wrong opportunity for you.

Real estate investors are constantly presented with opportunities: properties, partnerships, syndications, networking groups, coaching programs, new systems and new ways to grow a business.

But experience has taught Nancy that the goal isn't to figure out how to make every opportunity work. Sometimes the better decision is to walk away.

In this episode of the Money Makin' Mamas Show, Nancy shares several real experiences that changed how she evaluates opportunities, including a property that raised too many questions, investment opportunities that looked good until due diligence changed the picture, and business decisions that required her to look beyond the potential upside.

She also shares the three questions she now asks before committing her time, money or attention:

Does it make sense?
Does it fit what I'm doing right now?
What will saying yes to this take away from?

Because sometimes the decision isn't between a good opportunity and a bad one.

It's deciding which good opportunities actually belong in the life and business you're building.

Visit our Resouce Center and get your copy of the How To Analyze an Investment Property:
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What are you building beyond your paycheck?

As Money Makin' Mamas begins a new season, Nancy and Kelcie are having a different conversation about real estate, money and the decisions we make at different stages of life.

Kelcie shares how her priorities have changed as a mom, including why an investment strategy that once sounded perfect no longer fits her life. Nancy shares why she's also looking at deals differently today and why being capable of doing something doesn't necessarily mean you should do it.

They also talk about the financial decisions women tend to put off while they're busy building careers, raising families and handling everything immediately in front of them.

Season 3 will still include real estate investing, deals and practical strategies. But the conversation is getting broader: How do our beliefs about money influence our decisions? What options are we intentionally creating? How does the right investment strategy change as our lives change?

This season will also bring more guests, more seller and deal stories, and perspectives from people with expertise in private money, financing, title and other parts of real estate investing.

Because building income beyond your paycheck isn't about following someone else's plan. It's about creating options that make sense for the life you're actually living.

Season 2 of The Money Makin' Mamas Show is coming to a close, and Nancy and Kelcie are looking back at what changed, what they learned, and where Money Makin' Mamas is headed next.

From family trips and changing seasons of life to real estate deals they decided not to pursue, this season reinforced an important lesson: the biggest paycheck isn't always the best decision.

They also share how their approach to real estate has evolved, why understanding the value of your time matters when evaluating an opportunity, and why Money Makin' Mamas is expanding the conversation beyond real estate investing.

The bigger question has become: How do you create more financial options without depending entirely on one paycheck?

Nancy and Kelcie also talk about entrepreneurship, mindset, making more intentional decisions, and why the next chapter of Money Makin' Mamas will focus even more on helping professionals explore different ways to build income beyond their paycheck.

The podcast is taking a short break and will return in September with Season 3 and a fresh direction for the conversations ahead

Ever wonder how investors find properties that they make a ton of money on?

Or how do you find properties that know one else knows about? I

n this Episode, we are talking about exactly where we find off market properties, what motivated sellers are really looking for, and how I turned a niche that nobody really looks at, and helped sellers who needed to sell their house now, but didn't want the pressure and I was able to understand the emotions that the sellers faced, and how I helped them overcome some of their biggest fears.

Want to know if real estate investing is actually right for you?

Watch our free masterclass:  Build Income Beyond Your Paycheck:  Build Income Beyond Your Paycheck

After years of buying single family rentals, I've learned that the numbers are only the first filter.

They tell you if a deal can work.

They don't tell you if it should.

In this episode, I'm walking through the clues I look for once the spreadsheet checks out.

Hoarder houses next door that no fence can hide.

Neighborhoods where pride of ownership is missing and the whole block would need renovating, not just the house.

Streets so narrow that parked cars turn a duplex into a daily traffic jam.

I talk about why I stay away from properties near open, undeveloped land, and what happened when I found out a property near a firehouse got me a real discount on insurance.

I also share two properties I walked away from for reasons that had nothing to do with price.

One sat on a busy thoroughfare with a bedroom facing the noise.

Another backed up to railroad tracks with no fence between the yard and the rails. Both were good deals on paper.

Neither made the cut once I stood outside and actually looked.

None of these clues are dealbreakers on their own.

But they belong in your due diligence right alongside your comps and your cash flow numbers, because they are exactly what will affect your exit, whether that is renting the property long term or selling it down the road.

If you want help with the number side of due diligence, our  property analyzer is in the resource center. MMM Resource Center

Begin with our FREE Real Estate Investing Masterclass:

How to Build Income Beyond Your Paycheck with Real Estate

▶️ https://youtu.be/HqKRPymCFb8

🛒 MMM Resource Center: https://pswxb3-cy.myshopify.com/

📧 Questions? Contact Nancy Wallace-Laabs [email protected]

Description:

What if I told you that one rental property won't make you rich?

It probably won't replace your income or let you retire next year.

But it might do something even more valuable: it might give you options.

Options to work because you want to, not because you have to.

Options if life changes, if your priorities shift, or if you simply want more control over your future.

When I bought my first rental property, I wasn't trying to build an empire; I was trying to build options.

The Power of One Rental Property One rental property can profoundly change your life. Many people assume that one rental isn’t enough to make a difference, but that’s where they get it all wrong.

Here’s why:

The Journey of Growth Starting with one rental property is just the beginning.

Each additional property you acquire builds upon the last, compounding your knowledge and confidence. The real returns from your first rental property extend beyond financial gains; they instill a belief system that you can repeat this process.

This is especially empowering for women, as it opens doors to more choices and financial independence.

Investing in real estate is not merely about the properties you acquire; it’s about the options you create for your future. More choices lead to more freedom and flexibility in life.

If you’re ready to take the first step toward building your options, consider starting with just one rental property. Remember, the journey begins with a decision to act. 

💥 Access our MMM Resource Center https://pswxb3-cy.myshopify.com

The Transition Strategy: One Paycheck to Two Strategy: https://bit.ly/4w5jPcF

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Contact Nancy Wallace Laabs, Money Makin Mamas

[email protected] www.moneymakinmamas.com

Contact Kelcie Leka, Money Makin Mamas

[email protected] 

Description: 

The rental properties that build the most reliable long-term wealth are often not the newest, largest, or most impressive homes.

They are usually the ordinary three-bedroom, two-bath houses in stable neighborhoods that renters can afford, lenders understand, and investors can maintain without unnecessary drama.

In this episode of the Money Makin’ Mamas Show, real estate investor, broker, and former property manager Nancy Wallace-Laabs explains why boring rental properties often make better investments than luxury homes and highly upgraded properties.

After nearly 20 years of investing in single-family homes, Nancy has learned that attractive finishes and expensive upgrades do not automatically create stronger cash flow. Tenants may appreciate granite countertops, luxury appliances, or trendy renovations, but they are not always willing to pay enough additional rent to justify the investor’s expense.

Nancy shares the rental property buy box she has relied on for years:

She also explains why these properties are often easier to finance, rent, manage, maintain, and eventually sell.

In this episode, you will learn:

Nancy also compares a high-end $600,000 rental property with a more ordinary $275,000 single-family home. The luxury property had higher tenant expectations, greater maintenance costs, a smaller pool of qualified renters, and lower monthly cash flow. The more modest property had steady demand, lower operating expenses, and could often be rented within days.

The lesson is not that investors should purchase neglected or poorly located properties.

The lesson is that a rental property does not need to be exciting to perform well.

A predictable, stable, and manageable property can create monthly income, long-term appreciation, equity, and financial options without requiring the investor to constantly solve expensive problems.

The best rental property may be the one nobody is showing off on social media. Boring creates stability. Stability creates income. And over time, dependable properties can help investors build lasting wealth.

Listen now to learn how to choose a single-family rental property based on performance rather than appearance.

Connect with Nancy Wallace-Laabs

Explore real estate investing tools, guides, and courses:

https://pswxb3-cy.myshopify.com/

For the first time in several years, buyers are beginning to regain something they have not had in a long time: options.

More homes are staying on the market longer.

Sellers may be more willing to negotiate.

Buyers may have more opportunities to request closing-cost assistance, seller concessions, repairs, home warranties, and interest-rate buy-downs. In this episode of the Money Makin’ Mamas Show, real estate investor, broker, and educator Nancy Wallace-Laabs explains what a changing real estate market can mean for homebuyers and rental property investors.

Nancy discusses how buyers can recognize a market shift, why higher inventory can create new negotiating opportunities, and how investors can use changing conditions to make more informed real estate decisions.

She also explains why waiting for lower interest rates may not always be the best strategy. Interest rates can change, but a missed real estate opportunity cannot always be recovered. 

The better question is whether a particular property, financing structure, and purchase price move you closer to financial stability. In this episode, Nancy covers:

Nancy Wallace-Laabs has invested in single-family homes for nearly 20 years and previously owned a property management company. She has purchased properties in buyer’s markets, seller’s markets, rising markets, and declining markets.

Her approach is not based on trying to predict the perfect time to buy. It is based on understanding the market, knowing the numbers, selecting the right property, and negotiating terms that support the investor’s long-term goals.

A changing market does not automatically mean a bad market. For prepared buyers, it may create opportunities that were not available a year or two ago. Listen now to learn how to evaluate your financial options, improve your negotiating position, and prepare to purchase a single-family rental property in a changing real estate market.

Connect with Nancy Wallace-Laabs and explore additional real estate investing resources: https://pswxb3-cy.myshopify.com/