#32: The last few podcast episodes have explored alternate real estate investing strategies like large-scale multifamily and fix & flipping.

But two more strategies worth deep-diving on are: private lending (i.e. hard money lending) + foreclosure auction investing/flipping.

So this week, I invited former BigLaw attorney turned real estate investor Ethan Gao to share about his experience as a hard money lender and foreclosure auction flipper.

Ethan has made over 120 hard money loans and flipped over 100 foreclosure auction properties, making serious double-digit returns in the process.

Bigger risk, bigger reward, right?

…Except Ethan would argue, the risk isn’t necessarily bigger. If you know what you’re doing, it’s actually smaller. It just requires more upfront cash.

Tune in to our interview to learn all about:

• Why Ethan pivoted from syndications and crowdfunding to hard money lending and foreclosure auction flipping
• How he finds and vets hard money borrowers, how much he typically lends, on what terms, and what happens when a hard money loan goes bad
• How foreclosure auctions work step by step (including bidding strategies, and why you need to bring tons of cash on top of cashier’s checks)
• How to get the list of auction properties in advance and how to diligence them before auction day

Have you invested in foreclosure auction properties or loaned hard money before? Did you earn higher returns? What key lessons did you learn? What other questions about lending / auctions do you want answered? Let me know by leaving a comment when you’re done.

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Links mentioned in this episode:

• ethangao at gmail dot com
• Foreclose Houston
• HYW private Facebook community

Intro/Outro: Old Bossa by Twin Musicom.