In this episode of the About That Wallet podcast, I discuss with Ashlee Edwards, an attorney and private money lender, the intricacies of private lending and wealth building. They explore how to alleviate risks in real estate investing without becoming a landlord, the importance of understanding the lending process, and the time investment required to set up a lending business. Ashlee shares her personal experiences, mistakes made in real estate, and the significance of building relationships in lending. The conversation also touches on creative financing strategies...
In this episode of the About That Wallet podcast, I discuss with Ashlee Edwards, an attorney and private money lender, the intricacies of private lending and wealth building. They explore how to alleviate risks in real estate investing without becoming a landlord, the importance of understanding the lending process, and the time investment required to set up a lending business. Ashlee shares her personal experiences, mistakes made in real estate, and the significance of building relationships in lending. The conversation also touches on creative financing strategies and the future of community-based lending.
Takeaways
//Private lending is a viable way to build wealth.
//Understanding your source of funds is crucial.
//Mistakes in real estate can be costly without proper agreements.
//Passive income in real estate is often overstated.
//Niche lending can provide unique opportunities.
//Building relationships is key in the lending business.
More About Ashlee:
- https://www.instagram.com/lndrsnfrnds/
- https://www.youtube.com/@ashealways
- https://www.facebook.com/lndrsnfrnds
My affiliate links for the May and August accelerators.
//May: https://abouthatwallet--genfinity.thrivecart.com/pmlamay26/
//August: https://abouthatwallet--genfinity.thrivecart.com/pmlaaug26/
Chapters
00:00 Introduction to Private Lending and Wealth Building
02:55 Understanding the Lending Process
05:50 Time Investment in Setting Up Lending
08:58 Navigating 1031 Exchanges and Mistakes
11:55 The Reality of Real Estate Investing
15:00 Finding the Right Borrowers and Projects
17:46 Establishing a Lending Business
20:57 Securing Loans and Managing Risks
23:47 Building Relationships in Lending
28:15 Red Flags in Lending: Lessons from Relationships
29:55 Decision-Making Frameworks in Lending
31:59 Identifying What You Want in Loans
34:59 The Importance of Emotional Management in Business
37:48 Building a Network for Empowered Lending
40:04 Creative Financing: Exploring Diverse Funding Sources
41:41 Defining Wealth: Freedom and Opportunity
42:52 Learning from Money Mistakes
45:18 Books that Inspire: Shifting Perspectives
47:12 Cooking and Seasoning: A Culinary Philosophy
49:51 Connecting with Ashlee: Where to Find More
Check out more episodes: https://aboutthatwallet.com
Disclaimer:
The information in this podcast is for general informational and educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional for advice tailored to your individual circumstances.
Episode 332
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![332: [Ashlee Edwards] How to Become a Private Lender](https://media.redcircle.com/images/2026/2/17/4/3dddd27b-abe5-4c4a-b8e0-e20b7e0f8129_ashlee_edwards_x_about_that_wallet_podcast_332.jpg)
