August 20, 2025 • 33 mins
Money shouldn't be what holds you back from flipping houses. That's the powerful message at the heart of this enlightening conversation between Blaire, a Flip Sisters coach, and Kanani, a successful private money lender within the community.
When most people think of private lenders, they imagine wealthy investors with millions at their disposal. Kanani shatters this misconception, revealing how she transformed approximately $300,000 in retirement funds from previous employers into a self-directed IRA specifically for real estate investing. Without touching her family's day-to-day finances or disrupting her fulfilling career, she's funded six house flips across four different states, creating win-win scenarios for both herself and the flippers she partners with.
The conversation takes us through Kanani's journey from retirement account consolidation to her first lending experience during the hectic holiday season. With refreshing honesty, she shares the initial uncertainties, documentation challenges, and relationship-building process that eventually led to multiple successful investments. Particularly illuminating is her explanation of cross-collateralization and how she secures her investments against physical property—a key advantage real estate offers over more speculative investments.
What makes this episode especially valuable is the dual perspective it offers. For those hesitant about house flipping due to financial constraints, it showcases how private money lending makes deals possible. For those with retirement funds seeking better returns than traditional investments, it demonstrates how to put that "monopoly money" to work years before retirement age. The returns? Typically 10-14%, substantially outperforming standard retirement accounts.
Perhaps most powerful is Kanani's candid reflection on investing in herself despite initial skepticism from her spouse. "I wanted to invest in ME," she explains, highlighting how her real estate education has benefited not just her financial future but created opportunities to teach her children about wealth-building while providing tangible benefits for extended family.
Ready to explore how private money lending could transform your house flipping journey or investment strategy? This episode provides the roadmap and inspiration to take that crucial first step.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
You're listening to the Flip Houses Like a Girl
podcast, where we educate,empower and celebrate everyday
women who are facing their fears, juggling family and business,
embracing their awesomeness andwholeheartedly chasing their
dream of flipping houses.
Each episode delivershonest-to-goodness tools, tips
(00:21):
and strategies you can implementtoday to get closer to your
first or next successful houseflip.
Speaker 2 (00:32):
Hi, I'm Blair, one of the coaches here with the Flip
Sisters.
I've been flipping houses forsix years and I've done 30 flips
.
My favorite part of flippinghouses is transforming a space
from something that's maybegross and disgusting into
something that's clean, safe andbeautiful for a new person or
(00:52):
family to move into and love.
And I love coaching other houseflippers because it's such an
honor to be part of someone'stransformation where they go
from.
I can't do it.
I don't know how to flippinghouses and then totally
transforming their lives and thelives of their families.
One of the biggest objectionsthat we get to starting house
(01:15):
flipping from ladies is money.
I totally get it.
When I first started, I didn'thave any money myself, but I
learned to use other people'smoney.
That is one of the key areas wetalk about here at Flip Sisters
how to use other people's money.
There are a few ways to do that, but today we're going to focus
(01:36):
on using PMLs, which stands forprivate money lenders.
This could be anyone someone inyour family, someone in your
community or even yourself.
You can do this with your 401kor your IRA.
Don't let no money hold youback.
In this episode, I talk withKanani, who is a private lender
(02:00):
in the Flip Sisters community.
You never know, she might justbe funding your first flip.
We'll just kind of get starteda little bit.
So everybody that's listening,this is Kanani.
She is one of our Flip Sistersand she has been with us for a
(02:21):
wonderful amount of time and shejust has a beautiful presence
and a beautiful light and is sokind and of time.
And she just has a beautifulpresence and a beautiful light
and is so kind and very helpfuland she has recently taken on
private lending to some of thesisters in our group.
So we thought we'd sit downwith her today and just kind of
discuss that process and whatdoes that mean, and you know how
(02:42):
did it work and all of that.
So thank you so much forjoining us.
Kanani, can you tell us alittle bit about yourself?
Speaker 3 (02:49):
Sure.
So I joined Flip Sisters inOctober 2023.
So I've been doing this for Idon't know a year and a half-ish
more almost two years, and Iwork full time.
I, you know, I love my dayjob-ish more almost two years
and I work full-time I, you knowI love my day job, I do it,
it's my career.
I'm not planning on, you know,retiring from that, but I had.
(03:14):
Recently, I had moved my moneyand my a lot of my retirement
accounts into a self-directedretirement account, and I wanted
to because I'd heard like, oh,I can invest in other places,
and so, for my previousemployers, I had a chunk of
money that I thought I could doreal estate with, and so that
(03:36):
was what drew me to the program,because I wanted to learn how
to do it instead of sort ofsitting on the sidelines and
just dreaming about it, because,definitely, I have been looking
at real estate for a long time.
I do have some rentalproperties that I had prior to
joining the program, but youknow it was my mom's property as
(03:59):
her trustee.
I've taken care of that.
That's in Oregon.
And then I have a property whichI wouldn't really say I mean
it's a rental, but my in-lawsrent it, so it's more to help
them.
It doesn't make me any money,but it is.
You know it's a good way tohave my investment.
I mean, it will grow andeventually, you know, and when
(04:20):
they pass we will sell it ormaybe keep it, who knows,
depending on what the marketlooks like.
But it was just a way to havesome things.
But I always thought we coulddo more.
Speaker 2 (04:30):
I want to stop, if that's okay with you, for a
quick second, and just point out, like kind of what I heard with
the rental that you're I thinkit's your you said you're in-law
stand and like what a neat wayto like help and support family
but also keep the wealth in yourfamily Because in essence
they're you know, they're goingto pay rent to someone and so
(04:50):
the cool thing is is they'repaying rent to you, which helps
pay the mortgage and then thathouse is going to appreciate
over time.
I love to hear stories likethat, where the money stays in
the family in the community,like that.
I think you know a lot ofpeople don't realize that it can
be done so hyperlocal, sothat's really cool.
And then with yourself-directed IRA, how was that
(05:13):
process for you?
Did it feel like superoverwhelming or was it just kind
of like you know you found oneand then decided to move your
money over?
Can you tell us a little bitmore about that process?
Speaker 3 (05:24):
Yeah, so I had about $300,000 from previous employers
that were you know justwhatever mutual funds or target
date things, and it was easy inthe sense I didn't have to think
about it.
But I was trying to consolidatebecause I had several from
employers, I did keep some.
(05:45):
I mean, my current employer isI'm still using their plan and
one of my first employers Istill have the funds in their
plan because it's doing so welland I sort of trust it.
But the other ones that weresort of in between, you know,
there were three companies.
I'm like I don't want to haveto think about all of those.
So it was a matter ofconsolidation and it was.
(06:09):
I don't even know how I evenlearned about it.
I think I was just I think Imight've been had a Facebook ad
or something, and I was justlike, oh wow, this sounds cool.
And I started just watching abunch of YouTube videos to see
what it was all about.
And then I then I got, you know, I got a Facebook ad for Flip
Sisters and I'm like, hey, maybeI can do both, and so I did.
Speaker 2 (06:32):
Nice.
Yeah, I always tell people it'skind of interesting.
I hear stories like that a lotwhere you start thinking about
it and I know everyone's kind ofjokes about you know Siri or
Echo is always listening and allthe devices are listening.
But I think there is a littlebit of divine intervention in
some of that where our ad kindof lands.
But yeah, I had similarsituations and I hear that a lot
(06:54):
where people are like you know,it's very rare in this day and
age for someone to be at thesame job for 30 years.
You know they may stay 10, 15,you know, and then they roll on
to a different career ordifferent position.
So they may have several IRAsout there with companies.
And I'm with you, I like simple, I like it all in one place.
But I also like that you leftsome of it in your current
(07:18):
employer, because I do believediversification is important as
well.
Awesome, so thank you forsharing that portion with me.
So we'll kind of scroll down alittle bit in our thought
process here and get jump intothe meat of being a PML.
I will say I'll go, I'll circleback.
Like one of the things you saidthat I also find really
(07:40):
important is, I think a lot ofpeople believe that you can't do
both work a job and be a realestate investor and I love that
you do both.
And we have lots of ladies whoare out there who are very
successful, who are working anine to five and they're just
like you.
They love their job, they lovetheir career, they love their
work, family, you know andthey're able to do this on the
(08:02):
side and get, you know, someeither funds back from lending
or they're able to do this onthe side and get some either
funds back from lending orthey're flipping and getting
that little pop of cash.
So I think that's awesome.
And, just for anyone that'slistening, I think about 98% of
the ladies who join our programcome in with a full-time job and
many of them are able to orwant to keep them into real
estate on the side.
(08:22):
So that's really cool tomention.
And one of the things startingout with that, as we kind of go
down talking about being aprivate lender, is I think
there's a misconception outthere about what a private
lender is.
A lot of times when I askpeople you know well, who do you
think a private lender is, youknow they're telling me they
think it's.
You know, some person on ayacht somewhere that has
(08:45):
millions and billions of dollarsthey don't really think of,
like the person next door, theiraunt, their uncle, someone with
a retirement account.
I think that one getsoverlooked a lot.
So you know, just going todelve into your personal life
just a little bit.
But like would you consideryourself a super rich
millionaire?
Speaker 3 (09:03):
But like would you consider yourself a super rich
millionaire?
No, not at all, not, yeah, notremotely.
But, you know, having this potof money that I otherwise can't
touch until I'm of retirementage, which is still a few years
away, and I mean honestly, itkind of feels like monopoly
(09:24):
money because it's not real ortangible at the moment.
My husband, you know, was veryskeptical and he's just like I
don't know about this, you knowthat's, you know any of it.
He's just like very, veryskeptical and I said, but look,
this is money that I can't touch.
For another, at the time, 12,let's see, 13 years at the time,
it's less now that I'll be ableto touch it.
(09:46):
So, like, why not let it dosomething?
And why not, you know, have my,my goal of, you know, being
able to do real estate and it'snot affecting my credit or
affecting our day-to-day bills.
And and that was reallyimportant for myself, because
I'm not a huge risk taker, Idon't think and for my husband
(10:08):
and therefore our marriage,because he's just like you know
what if it doesn't work out,what if you don't get paid back,
and and all this stuff, andlike it wasn't going to be
taking away from our day-to-day,right now livelihood.
So I'm always thinking about,like, the future and how it will
affect our future.
And then that's, you know, thatway it seems safe, or much
(10:31):
safer, so I put $300,000 intothe self-directed IRA.
I did end up after joining FlipSisters.
I had spent a long time lookingto flip a house.
I must have made I don't know,20, 30 offers, and it's a really
competitive market up here inConnecticut and I and I just
(10:51):
wasn't able to land anything.
And so what I ended up doingwas I ended up getting a rental.
It was already done, it hadjust been renovated, it already
had a great tenant in there andit was sort of easy and close by
.
And I ended up using some ofthose funds to purchase that
property, which I have as arental now, and the rest I'm
(11:14):
using.
As for private money, lending asa PML.
So that left me at the purchaseof that one.
I bought cash just from theself-directed and it left me
with about $170,000 to invest.
I've used that money.
Now I just invested in my sixthPML opportunity last week.
(11:35):
Wow, yeah, the first one was in.
It was between Christmas andNew Year's 2023 to 2024.
And that particular flip sisterI've done three projects with
her.
She's still on her.
The third one is still thathasn't been repaid back, but the
first two have, and those youknow.
(11:56):
So all of my PMLs have all beenout of state and that was, and
where, at least from my vantagepoint, it was like, oh wow, I
wish I could be there to do that, because it seemed like it was
a lot easier.
And perhaps that was you know,nothing's ever easy but you know
, they were able to get dealsand so to see, I was sort of
(12:17):
living vicariously through otherpeople as they were doing their
flips and successfully flipping, and I was.
You know, I'm just on the side,sort of cheering them on, and
that's what I felt like my jobwas.
The other three PMLs that Ihave going on so one was in
Oregon and that closed Two lastyear, in the fall of last year,
(12:48):
in the fall of last year.
That was actually my second PML.
And then I have another one inthe Seattle area, washington
State, and that should hit themarket this week.
There's been some bumps alongthe way, but last I heard that
that should go on the marketthis week.
And then the new one that Ijust started is in Texas.
So four different states.
Speaker 2 (13:09):
So that's amazing.
Yeah, like some of the thingsthat you pointed out that I just
kind of want to review becauseI think that they are awesome,
one of the things that I loveabout the real estate investing
space is the fact that you canI'll use the vanilla ice phrase
you can get in where you fit in,and I feel like I can use that
(13:30):
because, if you didn't know, heflips houses as well.
But yeah, like, so there aredifferent ways.
You know you can flip houses.
You can have rentals.
The PML is very interesting tome because you've said something
that a lot of my PMLs say thatthey're interested in flipping
but they maybe don't have thetime or the knowledge or they
(13:51):
have other things going on intheir life and they can't do
like the actual work of it.
So it's a very good way forthem to.
You know, they've said the samething like live vicariously
through me, look at the pictures.
They're huge supporters and youknow they're getting great
returns.
As you mentioned, when yourmoney is in your IRA until you
(14:12):
retire, as you mentioned, whenyour money is in your IRA until
you retire, you can't touch it.
It's you know.
You can't pull it out, youcan't use it.
And so I'm finding that a lot ofPMLs are turning to investing
in real estate One because it'sa tangible asset, right Like you
can actually, like my PMLs cango at, like the local ones, and
they can physically look at thehouse, they can touch it, unlike
(14:34):
other things like the stockmarket or different investments,
where it's based offspeculation and they can't go,
you know, grab whatever it isthey're investing in.
And a lot of times, like I knowmy personal, I have a retirement
fund, I have an advisor andtheir returns are closer to,
like a good year is 8%.
You know that they promise theytry to go higher, but it's not
(14:55):
always a guarantee and I find,as investments in real estate
we're offering like 10 to 14,sometimes more, for a smaller
amount or a shorter amount oftime.
So the returns on a tangibleasset are better in most cases
and it's again something you cango and touch.
So that feels like a good senseof security and I think it's
(15:18):
neat that you've invested in allthese different states too, so
it's like you know, you'vetechnically helped flip a house
in multiple states.
That's really cool.
Speaker 3 (15:27):
Yeah, no, I, it is cool, I've.
It's exciting when I, you knowwhen they'll, you know, send me
a message and they'll show me apicture or something.
I'm like, oh, we just did thisand we just did that and it's
great.
And I think the real reason whyI enjoy it and I sort of trust
the process gosh, that's such aphrase that's used so much I
(15:49):
trust the process becausethey've had, because we've had,
the same training and we talkthe same language.
So if I, you know, if, if I'mgoing through their numbers and
I'm like, well, I don't reallyunderstand this and you know how
did you get to that?
And I'll even, you know, I'lleven see like one the.
You know we're looking at the,the DA.
(16:11):
You know we're analyzing thenumbers and so forth, like I
don't think you counted thattwice and you need this year.
And like you don't actuallyneed that much money.
You know you need like $50,000less because you're you know she
was taking into account a downpayment, which was already taken
into account with her loan, andand so I think that it feels
more comfortable because we cantalk the same language and we
(16:34):
have the tools, the same tools.
So it's easier for me to kindof read the information, read
the data and then, you know,make a decision.
And there have been so many moreprojects that I would have
liked to have supported.
(16:55):
But you know I'm all tapped outat this moment.
I'll have to wait till you knowone of them closes, or two, you
know a couple of them close,but it is, yeah, it's, it's good
to have a few projects goingbecause it does sort of
diversify the risk and you know,if one of the projects needs
(17:15):
more time, then it's okay.
Like I'm okay with that.
I'm not counting on that tofund something else immediately.
Again, I've kind of got thisnow 12 year timeline.
Speaker 2 (17:29):
Yeah, that's awesome.
So, if it's okay, let's get alittle nitpicky or into the
weeds or details about the firstdeal that you invested in and
that process, because I find alot of times I love that you
used the phrase earlier in ourconversation about sitting on
the sidelines and that youwanted to get in the game,
because I find that a lot.
You know people will go andthey'll do the research and
(17:51):
they'll get the training, butfor some reason they just they
never get on the field and play.
So I feel like that first one,or that first experience is so
important and I'd love to talkabout, like you know kind of
what was, if you can tell mejust a little bit about that
first deal and you know how itcame across your desk and what
did you guys look at or talkabout and what ultimately made
(18:14):
you go.
You know what?
Yes, this is the one we'regoing to do this.
Speaker 3 (18:19):
Yeah, so the first deal was in St Louis and it was.
I mean, it was prettystraightforward, like the
numbers looked good.
It was.
You know there was some workbut not too much.
Good it was, you know, therewas some work but not too much.
And six month timeline, likeeverything.
Like it looked great.
The tricky part of that one waswe were birthed both first
(18:41):
timers.
We joined at similar times.
I want to say she joined maybea month after I did and she so
you know, she was looking, Idon't even remember how much.
Maybe it was like $30,000.
It wasn't a huge, a huge amountof money and she was trying to
close, like she had like lessthan a week to sort of pull
(19:04):
money together and it was allaround Christmas time.
Oh gosh, no stress there.
So you know, like she likelawyers and people were on
vacation, like things wereclosed.
Speaker 2 (19:17):
Yes, and a lot of attorney's offices that closed,
like from Thanksgiving toChristmas Right.
Speaker 3 (19:23):
It's like oh come back and so you know, and so she
didn't really have, she didn'thave a lawyer set up and she was
trying to find a lawyer.
But again she started inNovember and like, with all the
holidays and everything, like itwas just hard to find.
But she got this deal, she wasin contract, right.
So, um, and then I didn't knowwhat I was doing.
(19:45):
So I had, you know, Idownloaded the template for the
um, the promissory note, and wechanged all the relevant numbers
and changed Texas to Missouri.
And I called my lawyer up herein Connecticut and I was like, I
just got to pick your brain,does this look crazy?
Or whatever.
And he looked at it.
(20:05):
He's like he goes, I'm not alawyer in Missouri.
He's like, so you have to takethis with a grain of salt.
He's like you are notprotecting yourself, you are not
being protected, you don't havea deed of trust or a mortgage
or whatever.
And I didn't know that wasn'tthe same thing as just the
promissory note.
And so I was like what is that?
And I don't know how to do it.
And so the woman that I uh lentto, she didn't know.
(20:28):
And so we were, you know, onlegalzoomcom or whatever.
You know, we were onLegalZoomcom or whatever.
We were just on all the onlinethings because she could not get
a lawyer on the phone, and ifshe couldn't get one on the
phone in Missouri then certainlyI wasn't going to be able to
get one on the phone.
So we downloaded some formsonline and we filled it out and
(20:51):
she submitted it.
It was perhaps foolish, but wedid it pretty blindly.
We filled it out and shesubmitted it.
It was perhaps foolish, but wedid it pretty blindly, but we
filled out the paperwork justfine.
I was able to transfer thefunds to her, she went down to
the courthouse and recorded itand, you know, within six months
I was paid back, she was ableto flip the house and so.
(21:12):
So that at least gave me a lotof sort of a breath of a sigh of
relief because, because itworked out, she was very upfront
and again she we were, you know, we started at the same time
and she was definitely a numbersperson, like I think her day
job is as, like, an accountantor something like that.
If it's not, she plays a goodone.
(21:34):
So she was, you know, she wasvery on top of her numbers and
keeping track of her expensesand so forth.
So I was happy with that.
But that was like the firstkind of jumping in and it made
the rest of them easier to diveinto.
But it was scary that firsttime, cause I didn't know, right
(21:58):
, I didn't know we neither of usknew, really knew, and we were
up against the clock to get itclosed before the end of the
year.
Speaker 2 (22:06):
Yeah, so definitely talk about like trial by fire
there, but I love the tenacitythat, like you both had, and I
think that definitely speaks torelationships.
I tell a lot of people thatthis business, it's
relationships, right, it's a PML, it's you know, somebody that
needs the money to do the flipand you guys work together.
(22:28):
And I tell a lot of people likeit's teamwork, like there is a
team effort, which I think isreally neat in this space, that
you guys are both workingtogether to obtain the same goal
.
Granted, you get differentoutcomes at the end, but it's a
win-win.
You're both happy.
So that is really neat.
And you brought up some greatpoints, too, about one of the
reasons that I do find a lot oflenders prefer to lend in real
(22:51):
estate is that they have thatsecurity.
So they're not just signing apromissory note.
Usually they're tied to theproperty as like a deed or a
mortgage.
So just what that means is thatthat person cannot go sell that
house without paying you back.
So that's a really nice senseof security there that they
can't just run off with yourmoney, go to Cancun, sell the
(23:15):
house, make more money and neverpay back, Right, so that's
really neat have now been herPML two, two other times.
Speaker 3 (23:35):
right, she's on her third one.
So I have a good relationshipwith her, like I trust her and
and she's very transparent.
You know in what she's doingand how her flips are going.
For this last one that I did,she needed the money for the
down payment, and so she did.
She needed the money upfrontrather than at escrow, you know,
through a title company, andyou know we're always like you
know, rather than at escrow.
You know through a titlecompany and you know we're
(23:57):
always like you know, don't eversend.
You know, right, you can sendit to the, you send it to title
and let's do that, and you knowit's all held and it's all
accounted for and so forth.
But she needed it for the downpayment and so we were trying to
figure out like what is whatwould be the best way to do that
, and we actually came up with aum, or she came up with a good
(24:18):
alternative because she hadanother property that she has as
a rental that was free flipsisters, so the money is
actually lent on that homeuh-huh, that's what we call
crosscollateralcollateralization.
Speaker 2 (24:32):
Yes, very good.
Yeah, that's awesome.
I love that.
And that's what?
Again, with the real estateinvesting space, one of the
things that I really enjoy islike how creative you can be and
I'm like it's perfectly legal.
Everything we do, you know, Ialways tell people I'm like you
know a lawyer's not going to doall this paperwork and risk
their livelihood, right, likethey're not going to do
(24:53):
something scrupulous just foryour you know couple hundred
dollar fee here.
You know not be able to takecare of their family.
So everything we do isperfectly within the law.
And so, yeah, that's neat, Ilove that.
You guys kind of game plan thatand found an alternative that
also secured your funds to realestate.
That's amazing.
Speaker 3 (25:14):
Yeah.
So we were able to do that andI was able to transfer the funds
to her prior to closing andactually I think she officially
closed yesterday.
The funds were transferred lastweek.
With the holiday in there itwas it should have closed
earlier, but there was a bankholiday, a federal holiday.
It should have closed earlier,but there was a, you know, a
(25:34):
bank holiday, a federal holiday.
So that made me feel a lotbetter because, you know, I
didn't know her, I didn't, Ididn't have a relationship with
her, whereas with this other,this other flip sister, we did.
So like I would feel less sortof like what do you mean?
Speaker 2 (25:52):
you need this early and actually that doesn't with
her, it doesn't with her, itdoesn't bother me because you've
built that relationship, yeah,and she has the history of
making sure that you get paidback and on time, so that's
awesome, yeah, yeah.
So I think you touched onsomething also that I found
really interesting, and I alsobelieve you know people that are
looking at our program or wantto get invested in real estate
(26:15):
but maybe think that they wantto flip, but they're like, maybe
I don't want to do that, but Ijust want to lend.
Do you feel that, like goingthrough the program and learning
all of the information set youup to be a better private lender
?
Speaker 3 (26:32):
Absolutely yeah.
And I think too, even when Iwas, you know, interviewing hard
money lenders when I wasactively trying to flip for my
own, having that knowledge andshared vocabulary was so helpful
(26:55):
.
And shared vocabulary was sohelpful because, you know,
acronyms get thrown around andum, and there are different
terms for the same, basicallythe same thing that it just you
feel far more empowered, farmore educated and you know, as
an educator myself, like, Ithink that that is, you know,
(27:16):
knowledge is power if we want tobe, you know, cliche, but that
is, it's incredible, right, it'slike stuff that that it's not
hard to learn, not at all.
But once you learned it and youknow, you practice it, it's,
it's, it's worthwhile.
And you know, maybe I willnever flip a house, I don't know
(27:38):
, but I mean actually, to befair, you know this, the home
that my in-laws live in, likeyou know, we've been doing some
renovations and so forth, andyou know I think about how this
would have, you know, could havebeen a flip, right, it's like,
oh yeah, like this is actually agood, this part is a good
investment, this will havereturn in the end, but for the
(28:00):
moment it can be used andenjoyed by my in-laws and, you
know, make their living spacefar more, you know, nice and and
so forth.
So so I think that that kind ofinformation is is great, that
kind of knowledge.
One thing I know for, and maybefor people who are sort of on
(28:21):
the fence and so forth or havespouses that aren't 100% behind
them, because there's a lot ofskeptics oh yeah, definitely,
and I definitely have a skeptic,you know I had told you know, I
told him, I said you know, Iwant to invest in me.
At, you know, I was like I giveeverything for the family and
this and that and investing inmy education, if you will like,
(28:47):
my knowledge was important andit's something that can be, you
know, that will eventually helpfor the, you know, family
situation and so forth.
But it's mine.
And Ivan is like I'm going totake this money and invest in me
, I give to everybody else, likeI wanted to do that for myself,
and he couldn't argue with that.
(29:08):
So I think it's good.
And like, when I tell him, likeI've you know, oh, I've, you
know, I'm investing in another,you know another person and this
, and that he's like, oh, okay,like it doesn't scare him
anymore and it's.
You know it's kind of fun.
I can talk to the kids about itand they're excited.
Speaker 2 (29:27):
So yeah, that's.
I mean, there's just so muchgood in what you just said.
You know, I think, especiallyas women, it's we're such givers
, right, and we take care ofeverybody else, and sometimes at
the expense of ourselves, andthat's just what's been drilled
into us, that that's what we'resupposed to do and we're
supposed to be depleted.
I don't believe that.
(29:48):
And I do believe in what yousaid about like getting
education for yourself and doingsomething for yourself, and
it's just going gonna be amazinggoing forward, watching that
trickle into your family andtrickle into your community.
And I think it's so cool thatyou're like already talking to
your children about it.
(30:08):
You know, I always everyone I'mlike you know, what about
investing?
Would you change?
I wish somebody would have toldme about this when I was in my
20s, not mid thirties.
Okay, I'd love to go back.
So it's just neat for me tolike I get very excited when
you're like, yeah, I'm alreadytalking to my kids.
You know, at their young age,you know, moving forward,
they're going to have differentoptions or different ways of
(30:30):
thinking about things that arethen going to affect their lives
and their family.
And you know you're alreadyaffecting your in-laws lives for
the better.
I love that when something youpour into yourself and then it
pours out to everybody, and Ithink sometimes we don't see
that, that we do have to fillour cup and we do need to feel
fulfilled as women in other waysthat are maybe not wife, mom
(30:53):
and that kind of stuff.
We need to do things forourselves.
So that's incredible and it'sjust cool to then see how your
story has spilled out into theirlives and into family's lives.
I think that's just beautiful,yep.
Speaker 3 (31:06):
Thank you.
Speaker 2 (31:07):
Awesome.
Well, thank you so much forspending some time with me today
and talking about lending.
You know, I think that pointactually is so beautiful that I
kind of want to end there.
I think that's something thatreally needs to be driven home,
women, that it is okay for youto do something that you want to
do and get educated insomething you want to get
educated in.
(31:28):
I happen to love real estate.
I love that you've come in andyou found your place in real
estate, because there are somany different things and you
know our program is focused on.
You know flipping, but I telleverybody, learning how to flip
a house is the basis foreverything else you will do in
real estate, whether that'sprivate lending, whether that's
(31:48):
buying a rental, whether that'sowning that cute little
short-term rental at the beach.
You know, having that backboneand that information and kind of
, like you said, the vocabularyand being able to talk the talk
and walk the walk it's thecenter of it all, and so
learning that opens up so manydoors elsewhere in the real
estate world.
Speaker 3 (32:08):
Yes, definitely.
I appreciate the program, thankyou.
Speaker 2 (32:14):
Yeah, and we I mean absolutely have loved having you
here and thank you so much forsharing of yourself and sharing
of your knowledge, and we lookforward to just watching you
keep lending and blossom fromhere.
Thank you so much for tuning inand spending time with us and
thank you to Kanani for sharingyour experience as a private
(32:34):
money lender with us.
And thank you to Kanani forsharing your experience as a
private money lender with us.
One of the takeaways from ourconversation that really stuck
with me is doing flips withprivate money lenders is such a
win-win for both sides.
Kanani is one of the manyprivate money lenders in our
community who are ready andwanting to lend on qualified
deals.
(32:55):
If you're listening and havebeen hanging out on the
sidelines because you don'tthink you have the money to do
it, I hope listening in todayhas changed your mind.
If you're interested in findingout more about using other
people's money to flip houses,get in touch with us today.
You're listening to the Flip Houses Like a Girl
podcast, where we educate,empower and celebrate everyday
women who are facing their fears, juggling family and business,
embracing their awesomeness andwholeheartedly chasing their
dream of flipping houses.
Each episode delivershonest-to-goodness tools, tips
(00:21):
and strategies you can implementtoday to get closer to your
first or next successful houseflip.
Speaker 2 (00:32):
Hi, I'm Blair, one of the coaches here with the Flip
Sisters.
I've been flipping houses forsix years and I've done 30 flips
.
My favorite part of flippinghouses is transforming a space
from something that's maybegross and disgusting into
something that's clean, safe andbeautiful for a new person or
(00:52):
family to move into and love.
And I love coaching other houseflippers because it's such an
honor to be part of someone'stransformation where they go
from.
I can't do it.
I don't know how to flippinghouses and then totally
transforming their lives and thelives of their families.
One of the biggest objectionsthat we get to starting house
(01:15):
flipping from ladies is money.
I totally get it.
When I first started, I didn'thave any money myself, but I
learned to use other people'smoney.
That is one of the key areas wetalk about here at Flip Sisters
how to use other people's money.
There are a few ways to do that, but today we're going to focus
(01:36):
on using PMLs, which stands forprivate money lenders.
This could be anyone someone inyour family, someone in your
community or even yourself.
You can do this with your 401kor your IRA.
Don't let no money hold youback.
In this episode, I talk withKanani, who is a private lender
(02:00):
in the Flip Sisters community.
You never know, she might justbe funding your first flip.
We'll just kind of get starteda little bit.
So everybody that's listening,this is Kanani.
She is one of our Flip Sistersand she has been with us for a
(02:21):
wonderful amount of time and shejust has a beautiful presence
and a beautiful light and is sokind and of time.
And she just has a beautifulpresence and a beautiful light
and is so kind and very helpfuland she has recently taken on
private lending to some of thesisters in our group.
So we thought we'd sit downwith her today and just kind of
discuss that process and whatdoes that mean, and you know how
(02:42):
did it work and all of that.
So thank you so much forjoining us.
Kanani, can you tell us alittle bit about yourself?
Speaker 3 (02:49):
Sure.
So I joined Flip Sisters inOctober 2023.
So I've been doing this for Idon't know a year and a half-ish
more almost two years, and Iwork full time.
I, you know, I love my dayjob-ish more almost two years
and I work full-time I, you knowI love my day job, I do it,
it's my career.
I'm not planning on, you know,retiring from that, but I had.
(03:14):
Recently, I had moved my moneyand my a lot of my retirement
accounts into a self-directedretirement account, and I wanted
to because I'd heard like, oh,I can invest in other places,
and so, for my previousemployers, I had a chunk of
money that I thought I could doreal estate with, and so that
(03:36):
was what drew me to the program,because I wanted to learn how
to do it instead of sort ofsitting on the sidelines and
just dreaming about it, because,definitely, I have been looking
at real estate for a long time.
I do have some rentalproperties that I had prior to
joining the program, but youknow it was my mom's property as
(03:59):
her trustee.
I've taken care of that.
That's in Oregon.
And then I have a property whichI wouldn't really say I mean
it's a rental, but my in-lawsrent it, so it's more to help
them.
It doesn't make me any money,but it is.
You know it's a good way tohave my investment.
I mean, it will grow andeventually, you know, and when
(04:20):
they pass we will sell it ormaybe keep it, who knows,
depending on what the marketlooks like.
But it was just a way to havesome things.
But I always thought we coulddo more.
Speaker 2 (04:30):
I want to stop, if that's okay with you, for a
quick second, and just point out, like kind of what I heard with
the rental that you're I thinkit's your you said you're in-law
stand and like what a neat wayto like help and support family
but also keep the wealth in yourfamily Because in essence
they're you know, they're goingto pay rent to someone and so
(04:50):
the cool thing is is they'repaying rent to you, which helps
pay the mortgage and then thathouse is going to appreciate
over time.
I love to hear stories likethat, where the money stays in
the family in the community,like that.
I think you know a lot ofpeople don't realize that it can
be done so hyperlocal, sothat's really cool.
And then with yourself-directed IRA, how was that
(05:13):
process for you?
Did it feel like superoverwhelming or was it just kind
of like you know you found oneand then decided to move your
money over?
Can you tell us a little bitmore about that process?
Speaker 3 (05:24):
Yeah, so I had about $300,000 from previous employers
that were you know justwhatever mutual funds or target
date things, and it was easy inthe sense I didn't have to think
about it.
But I was trying to consolidatebecause I had several from
employers, I did keep some.
(05:45):
I mean, my current employer isI'm still using their plan and
one of my first employers Istill have the funds in their
plan because it's doing so welland I sort of trust it.
But the other ones that weresort of in between, you know,
there were three companies.
I'm like I don't want to haveto think about all of those.
So it was a matter ofconsolidation and it was.
(06:09):
I don't even know how I evenlearned about it.
I think I was just I think Imight've been had a Facebook ad
or something, and I was justlike, oh wow, this sounds cool.
And I started just watching abunch of YouTube videos to see
what it was all about.
And then I then I got, you know, I got a Facebook ad for Flip
Sisters and I'm like, hey, maybeI can do both, and so I did.
Speaker 2 (06:32):
Nice.
Yeah, I always tell people it'skind of interesting.
I hear stories like that a lotwhere you start thinking about
it and I know everyone's kind ofjokes about you know Siri or
Echo is always listening and allthe devices are listening.
But I think there is a littlebit of divine intervention in
some of that where our ad kindof lands.
But yeah, I had similarsituations and I hear that a lot
(06:54):
where people are like you know,it's very rare in this day and
age for someone to be at thesame job for 30 years.
You know they may stay 10, 15,you know, and then they roll on
to a different career ordifferent position.
So they may have several IRAsout there with companies.
And I'm with you, I like simple, I like it all in one place.
But I also like that you leftsome of it in your current
(07:18):
employer, because I do believediversification is important as
well.
Awesome, so thank you forsharing that portion with me.
So we'll kind of scroll down alittle bit in our thought
process here and get jump intothe meat of being a PML.
I will say I'll go, I'll circleback.
Like one of the things you saidthat I also find really
(07:40):
important is, I think a lot ofpeople believe that you can't do
both work a job and be a realestate investor and I love that
you do both.
And we have lots of ladies whoare out there who are very
successful, who are working anine to five and they're just
like you.
They love their job, they lovetheir career, they love their
work, family, you know andthey're able to do this on the
(08:02):
side and get, you know, someeither funds back from lending
or they're able to do this onthe side and get some either
funds back from lending orthey're flipping and getting
that little pop of cash.
So I think that's awesome.
And, just for anyone that'slistening, I think about 98% of
the ladies who join our programcome in with a full-time job and
many of them are able to orwant to keep them into real
estate on the side.
(08:22):
So that's really cool tomention.
And one of the things startingout with that, as we kind of go
down talking about being aprivate lender, is I think
there's a misconception outthere about what a private
lender is.
A lot of times when I askpeople you know well, who do you
think a private lender is, youknow they're telling me they
think it's.
You know, some person on ayacht somewhere that has
(08:45):
millions and billions of dollarsthey don't really think of,
like the person next door, theiraunt, their uncle, someone with
a retirement account.
I think that one getsoverlooked a lot.
So you know, just going todelve into your personal life
just a little bit.
But like would you consideryourself a super rich
millionaire?
Speaker 3 (09:03):
But like would you consider yourself a super rich
millionaire?
No, not at all, not, yeah, notremotely.
But, you know, having this potof money that I otherwise can't
touch until I'm of retirementage, which is still a few years
away, and I mean honestly, itkind of feels like monopoly
(09:24):
money because it's not real ortangible at the moment.
My husband, you know, was veryskeptical and he's just like I
don't know about this, you knowthat's, you know any of it.
He's just like very, veryskeptical and I said, but look,
this is money that I can't touch.
For another, at the time, 12,let's see, 13 years at the time,
it's less now that I'll be ableto touch it.
(09:46):
So, like, why not let it dosomething?
And why not, you know, have my,my goal of, you know, being
able to do real estate and it'snot affecting my credit or
affecting our day-to-day bills.
And and that was reallyimportant for myself, because
I'm not a huge risk taker, Idon't think and for my husband
(10:08):
and therefore our marriage,because he's just like you know
what if it doesn't work out,what if you don't get paid back,
and and all this stuff, andlike it wasn't going to be
taking away from our day-to-day,right now livelihood.
So I'm always thinking about,like, the future and how it will
affect our future.
And then that's, you know, thatway it seems safe, or much
(10:31):
safer, so I put $300,000 intothe self-directed IRA.
I did end up after joining FlipSisters.
I had spent a long time lookingto flip a house.
I must have made I don't know,20, 30 offers, and it's a really
competitive market up here inConnecticut and I and I just
(10:51):
wasn't able to land anything.
And so what I ended up doingwas I ended up getting a rental.
It was already done, it hadjust been renovated, it already
had a great tenant in there andit was sort of easy and close by
.
And I ended up using some ofthose funds to purchase that
property, which I have as arental now, and the rest I'm
(11:14):
using.
As for private money, lending asa PML.
So that left me at the purchaseof that one.
I bought cash just from theself-directed and it left me
with about $170,000 to invest.
I've used that money.
Now I just invested in my sixthPML opportunity last week.
(11:35):
Wow, yeah, the first one was in.
It was between Christmas andNew Year's 2023 to 2024.
And that particular flip sisterI've done three projects with
her.
She's still on her.
The third one is still thathasn't been repaid back, but the
first two have, and those youknow.
(11:56):
So all of my PMLs have all beenout of state and that was, and
where, at least from my vantagepoint, it was like, oh wow, I
wish I could be there to do that, because it seemed like it was
a lot easier.
And perhaps that was you know,nothing's ever easy but you know
, they were able to get dealsand so to see, I was sort of
(12:17):
living vicariously through otherpeople as they were doing their
flips and successfully flipping, and I was.
You know, I'm just on the side,sort of cheering them on, and
that's what I felt like my jobwas.
The other three PMLs that Ihave going on so one was in
Oregon and that closed Two lastyear, in the fall of last year,
(12:48):
in the fall of last year.
That was actually my second PML.
And then I have another one inthe Seattle area, washington
State, and that should hit themarket this week.
There's been some bumps alongthe way, but last I heard that
that should go on the marketthis week.
And then the new one that Ijust started is in Texas.
So four different states.
Speaker 2 (13:09):
So that's amazing.
Yeah, like some of the thingsthat you pointed out that I just
kind of want to review becauseI think that they are awesome,
one of the things that I loveabout the real estate investing
space is the fact that you canI'll use the vanilla ice phrase
you can get in where you fit in,and I feel like I can use that
(13:30):
because, if you didn't know, heflips houses as well.
But yeah, like, so there aredifferent ways.
You know you can flip houses.
You can have rentals.
The PML is very interesting tome because you've said something
that a lot of my PMLs say thatthey're interested in flipping
but they maybe don't have thetime or the knowledge or they
(13:51):
have other things going on intheir life and they can't do
like the actual work of it.
So it's a very good way forthem to.
You know, they've said the samething like live vicariously
through me, look at the pictures.
They're huge supporters and youknow they're getting great
returns.
As you mentioned, when yourmoney is in your IRA until you
(14:12):
retire, as you mentioned, whenyour money is in your IRA until
you retire, you can't touch it.
It's you know.
You can't pull it out, youcan't use it.
And so I'm finding that a lot ofPMLs are turning to investing
in real estate One because it'sa tangible asset, right Like you
can actually, like my PMLs cango at, like the local ones, and
they can physically look at thehouse, they can touch it, unlike
(14:34):
other things like the stockmarket or different investments,
where it's based offspeculation and they can't go,
you know, grab whatever it isthey're investing in.
And a lot of times, like I knowmy personal, I have a retirement
fund, I have an advisor andtheir returns are closer to,
like a good year is 8%.
You know that they promise theytry to go higher, but it's not
(14:55):
always a guarantee and I find,as investments in real estate
we're offering like 10 to 14,sometimes more, for a smaller
amount or a shorter amount oftime.
So the returns on a tangibleasset are better in most cases
and it's again something you cango and touch.
So that feels like a good senseof security and I think it's
(15:18):
neat that you've invested in allthese different states too, so
it's like you know, you'vetechnically helped flip a house
in multiple states.
That's really cool.
Speaker 3 (15:27):
Yeah, no, I, it is cool, I've.
It's exciting when I, you knowwhen they'll, you know, send me
a message and they'll show me apicture or something.
I'm like, oh, we just did thisand we just did that and it's
great.
And I think the real reason whyI enjoy it and I sort of trust
the process gosh, that's such aphrase that's used so much I
(15:49):
trust the process becausethey've had, because we've had,
the same training and we talkthe same language.
So if I, you know, if, if I'mgoing through their numbers and
I'm like, well, I don't reallyunderstand this and you know how
did you get to that?
And I'll even, you know, I'lleven see like one the.
You know we're looking at the,the DA.
(16:11):
You know we're analyzing thenumbers and so forth, like I
don't think you counted thattwice and you need this year.
And like you don't actuallyneed that much money.
You know you need like $50,000less because you're you know she
was taking into account a downpayment, which was already taken
into account with her loan, andand so I think that it feels
more comfortable because we cantalk the same language and we
(16:34):
have the tools, the same tools.
So it's easier for me to kindof read the information, read
the data and then, you know,make a decision.
And there have been so many moreprojects that I would have
liked to have supported.
(16:55):
But you know I'm all tapped outat this moment.
I'll have to wait till you knowone of them closes, or two, you
know a couple of them close,but it is, yeah, it's, it's good
to have a few projects goingbecause it does sort of
diversify the risk and you know,if one of the projects needs
(17:15):
more time, then it's okay.
Like I'm okay with that.
I'm not counting on that tofund something else immediately.
Again, I've kind of got thisnow 12 year timeline.
Speaker 2 (17:29):
Yeah, that's awesome.
So, if it's okay, let's get alittle nitpicky or into the
weeds or details about the firstdeal that you invested in and
that process, because I find alot of times I love that you
used the phrase earlier in ourconversation about sitting on
the sidelines and that youwanted to get in the game,
because I find that a lot.
You know people will go andthey'll do the research and
(17:51):
they'll get the training, butfor some reason they just they
never get on the field and play.
So I feel like that first one,or that first experience is so
important and I'd love to talkabout, like you know kind of
what was, if you can tell mejust a little bit about that
first deal and you know how itcame across your desk and what
did you guys look at or talkabout and what ultimately made
(18:14):
you go.
You know what?
Yes, this is the one we'regoing to do this.
Speaker 3 (18:19):
Yeah, so the first deal was in St Louis and it was.
I mean, it was prettystraightforward, like the
numbers looked good.
It was.
You know there was some workbut not too much.
Good it was, you know, therewas some work but not too much.
And six month timeline, likeeverything.
Like it looked great.
The tricky part of that one waswe were birthed both first
(18:41):
timers.
We joined at similar times.
I want to say she joined maybea month after I did and she so
you know, she was looking, Idon't even remember how much.
Maybe it was like $30,000.
It wasn't a huge, a huge amountof money and she was trying to
close, like she had like lessthan a week to sort of pull
(19:04):
money together and it was allaround Christmas time.
Oh gosh, no stress there.
So you know, like she likelawyers and people were on
vacation, like things wereclosed.
Speaker 2 (19:17):
Yes, and a lot of attorney's offices that closed,
like from Thanksgiving toChristmas Right.
Speaker 3 (19:23):
It's like oh come back and so you know, and so she
didn't really have, she didn'thave a lawyer set up and she was
trying to find a lawyer.
But again she started inNovember and like, with all the
holidays and everything, like itwas just hard to find.
But she got this deal, she wasin contract, right.
So, um, and then I didn't knowwhat I was doing.
(19:45):
So I had, you know, Idownloaded the template for the
um, the promissory note, and wechanged all the relevant numbers
and changed Texas to Missouri.
And I called my lawyer up herein Connecticut and I was like, I
just got to pick your brain,does this look crazy?
Or whatever.
And he looked at it.
(20:05):
He's like he goes, I'm not alawyer in Missouri.
He's like, so you have to takethis with a grain of salt.
He's like you are notprotecting yourself, you are not
being protected, you don't havea deed of trust or a mortgage
or whatever.
And I didn't know that wasn'tthe same thing as just the
promissory note.
And so I was like what is that?
And I don't know how to do it.
And so the woman that I uh lentto, she didn't know.
(20:28):
And so we were, you know, onlegalzoomcom or whatever.
You know, we were onLegalZoomcom or whatever.
We were just on all the onlinethings because she could not get
a lawyer on the phone, and ifshe couldn't get one on the
phone in Missouri then certainlyI wasn't going to be able to
get one on the phone.
So we downloaded some formsonline and we filled it out and
(20:51):
she submitted it.
It was perhaps foolish, but wedid it pretty blindly.
We filled it out and shesubmitted it.
It was perhaps foolish, but wedid it pretty blindly, but we
filled out the paperwork justfine.
I was able to transfer thefunds to her, she went down to
the courthouse and recorded itand, you know, within six months
I was paid back, she was ableto flip the house and so.
(21:12):
So that at least gave me a lotof sort of a breath of a sigh of
relief because, because itworked out, she was very upfront
and again she we were, you know, we started at the same time
and she was definitely a numbersperson, like I think her day
job is as, like, an accountantor something like that.
If it's not, she plays a goodone.
(21:34):
So she was, you know, she wasvery on top of her numbers and
keeping track of her expensesand so forth.
So I was happy with that.
But that was like the firstkind of jumping in and it made
the rest of them easier to diveinto.
But it was scary that firsttime, cause I didn't know, right
(21:58):
, I didn't know we neither of usknew, really knew, and we were
up against the clock to get itclosed before the end of the
year.
Speaker 2 (22:06):
Yeah, so definitely talk about like trial by fire
there, but I love the tenacitythat, like you both had, and I
think that definitely speaks torelationships.
I tell a lot of people thatthis business, it's
relationships, right, it's a PML, it's you know, somebody that
needs the money to do the flipand you guys work together.
(22:28):
And I tell a lot of people likeit's teamwork, like there is a
team effort, which I think isreally neat in this space, that
you guys are both workingtogether to obtain the same goal
.
Granted, you get differentoutcomes at the end, but it's a
win-win.
You're both happy.
So that is really neat.
And you brought up some greatpoints, too, about one of the
reasons that I do find a lot oflenders prefer to lend in real
(22:51):
estate is that they have thatsecurity.
So they're not just signing apromissory note.
Usually they're tied to theproperty as like a deed or a
mortgage.
So just what that means is thatthat person cannot go sell that
house without paying you back.
So that's a really nice senseof security there that they
can't just run off with yourmoney, go to Cancun, sell the
(23:15):
house, make more money and neverpay back, Right, so that's
really neat have now been herPML two, two other times.
Speaker 3 (23:35):
right, she's on her third one.
So I have a good relationshipwith her, like I trust her and
and she's very transparent.
You know in what she's doingand how her flips are going.
For this last one that I did,she needed the money for the
down payment, and so she did.
She needed the money upfrontrather than at escrow, you know,
through a title company, andyou know we're always like you
know, rather than at escrow.
You know through a titlecompany and you know we're
(23:57):
always like you know, don't eversend.
You know, right, you can sendit to the, you send it to title
and let's do that, and you knowit's all held and it's all
accounted for and so forth.
But she needed it for the downpayment and so we were trying to
figure out like what is whatwould be the best way to do that
, and we actually came up with aum, or she came up with a good
(24:18):
alternative because she hadanother property that she has as
a rental that was free flipsisters, so the money is
actually lent on that homeuh-huh, that's what we call
crosscollateralcollateralization.
Speaker 2 (24:32):
Yes, very good.
Yeah, that's awesome.
I love that.
And that's what?
Again, with the real estateinvesting space, one of the
things that I really enjoy islike how creative you can be and
I'm like it's perfectly legal.
Everything we do, you know, Ialways tell people I'm like you
know a lawyer's not going to doall this paperwork and risk
their livelihood, right, likethey're not going to do
(24:53):
something scrupulous just foryour you know couple hundred
dollar fee here.
You know not be able to takecare of their family.
So everything we do isperfectly within the law.
And so, yeah, that's neat, Ilove that.
You guys kind of game plan thatand found an alternative that
also secured your funds to realestate.
That's amazing.
Speaker 3 (25:14):
Yeah.
So we were able to do that andI was able to transfer the funds
to her prior to closing andactually I think she officially
closed yesterday.
The funds were transferred lastweek.
With the holiday in there itwas it should have closed
earlier, but there was a bankholiday, a federal holiday.
It should have closed earlier,but there was a, you know, a
(25:34):
bank holiday, a federal holiday.
So that made me feel a lotbetter because, you know, I
didn't know her, I didn't, Ididn't have a relationship with
her, whereas with this other,this other flip sister, we did.
So like I would feel less sortof like what do you mean?
Speaker 2 (25:52):
you need this early and actually that doesn't with
her, it doesn't with her, itdoesn't bother me because you've
built that relationship, yeah,and she has the history of
making sure that you get paidback and on time, so that's
awesome, yeah, yeah.
So I think you touched onsomething also that I found
really interesting, and I alsobelieve you know people that are
looking at our program or wantto get invested in real estate
(26:15):
but maybe think that they wantto flip, but they're like, maybe
I don't want to do that, but Ijust want to lend.
Do you feel that, like goingthrough the program and learning
all of the information set youup to be a better private lender
?
Speaker 3 (26:32):
Absolutely yeah.
And I think too, even when Iwas, you know, interviewing hard
money lenders when I wasactively trying to flip for my
own, having that knowledge andshared vocabulary was so helpful
(26:55):
.
And shared vocabulary was sohelpful because, you know,
acronyms get thrown around andum, and there are different
terms for the same, basicallythe same thing that it just you
feel far more empowered, farmore educated and you know, as
an educator myself, like, Ithink that that is, you know,
(27:16):
knowledge is power if we want tobe, you know, cliche, but that
is, it's incredible, right, it'slike stuff that that it's not
hard to learn, not at all.
But once you learned it and youknow, you practice it, it's,
it's, it's worthwhile.
And you know, maybe I willnever flip a house, I don't know
(27:38):
, but I mean actually, to befair, you know this, the home
that my in-laws live in, likeyou know, we've been doing some
renovations and so forth, andyou know I think about how this
would have, you know, could havebeen a flip, right, it's like,
oh yeah, like this is actually agood, this part is a good
investment, this will havereturn in the end, but for the
(28:00):
moment it can be used andenjoyed by my in-laws and, you
know, make their living spacefar more, you know, nice and and
so forth.
So so I think that that kind ofinformation is is great, that
kind of knowledge.
One thing I know for, and maybefor people who are sort of on
(28:21):
the fence and so forth or havespouses that aren't 100% behind
them, because there's a lot ofskeptics oh yeah, definitely,
and I definitely have a skeptic,you know I had told you know, I
told him, I said you know, Iwant to invest in me.
At, you know, I was like I giveeverything for the family and
this and that and investing inmy education, if you will like,
(28:47):
my knowledge was important andit's something that can be, you
know, that will eventually helpfor the, you know, family
situation and so forth.
But it's mine.
And Ivan is like I'm going totake this money and invest in me
, I give to everybody else, likeI wanted to do that for myself,
and he couldn't argue with that.
(29:08):
So I think it's good.
And like, when I tell him, likeI've you know, oh, I've, you
know, I'm investing in another,you know another person and this
, and that he's like, oh, okay,like it doesn't scare him
anymore and it's.
You know it's kind of fun.
I can talk to the kids about itand they're excited.
Speaker 2 (29:27):
So yeah, that's.
I mean, there's just so muchgood in what you just said.
You know, I think, especiallyas women, it's we're such givers
, right, and we take care ofeverybody else, and sometimes at
the expense of ourselves, andthat's just what's been drilled
into us, that that's what we'resupposed to do and we're
supposed to be depleted.
I don't believe that.
(29:48):
And I do believe in what yousaid about like getting
education for yourself and doingsomething for yourself, and
it's just going gonna be amazinggoing forward, watching that
trickle into your family andtrickle into your community.
And I think it's so cool thatyou're like already talking to
your children about it.
(30:08):
You know, I always everyone I'mlike you know, what about
investing?
Would you change?
I wish somebody would have toldme about this when I was in my
20s, not mid thirties.
Okay, I'd love to go back.
So it's just neat for me tolike I get very excited when
you're like, yeah, I'm alreadytalking to my kids.
You know, at their young age,you know, moving forward,
they're going to have differentoptions or different ways of
(30:30):
thinking about things that arethen going to affect their lives
and their family.
And you know you're alreadyaffecting your in-laws lives for
the better.
I love that when something youpour into yourself and then it
pours out to everybody, and Ithink sometimes we don't see
that, that we do have to fillour cup and we do need to feel
fulfilled as women in other waysthat are maybe not wife, mom
(30:53):
and that kind of stuff.
We need to do things forourselves.
So that's incredible and it'sjust cool to then see how your
story has spilled out into theirlives and into family's lives.
I think that's just beautiful,yep.
Speaker 3 (31:06):
Thank you.
Speaker 2 (31:07):
Awesome.
Well, thank you so much forspending some time with me today
and talking about lending.
You know, I think that pointactually is so beautiful that I
kind of want to end there.
I think that's something thatreally needs to be driven home,
women, that it is okay for youto do something that you want to
do and get educated insomething you want to get
educated in.
(31:28):
I happen to love real estate.
I love that you've come in andyou found your place in real
estate, because there are somany different things and you
know our program is focused on.
You know flipping, but I telleverybody, learning how to flip
a house is the basis foreverything else you will do in
real estate, whether that'sprivate lending, whether that's
(31:48):
buying a rental, whether that'sowning that cute little
short-term rental at the beach.
You know, having that backboneand that information and kind of
, like you said, the vocabularyand being able to talk the talk
and walk the walk it's thecenter of it all, and so
learning that opens up so manydoors elsewhere in the real
estate world.
Speaker 3 (32:08):
Yes, definitely.
I appreciate the program, thankyou.
Speaker 2 (32:14):
Yeah, and we I mean absolutely have loved having you
here and thank you so much forsharing of yourself and sharing
of your knowledge, and we lookforward to just watching you
keep lending and blossom fromhere.
Thank you so much for tuning inand spending time with us and
thank you to Kanani for sharingyour experience as a private
(32:34):
money lender with us.
And thank you to Kanani forsharing your experience as a
private money lender with us.
One of the takeaways from ourconversation that really stuck
with me is doing flips withprivate money lenders is such a
win-win for both sides.
Kanani is one of the manyprivate money lenders in our
community who are ready andwanting to lend on qualified
deals.
(32:55):
If you're listening and havebeen hanging out on the
sidelines because you don'tthink you have the money to do
it, I hope listening in todayhas changed your mind.
If you're interested in findingout more about using other
people's money to flip houses,get in touch with us today.
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