Private Money Lending with Dan Breslin
Guest: This episode is actually Dan interviewing his father, Dan Breslin. The elder Dan Breslin is a Private Money Lender for other fix & flip investors throughout the Northeastern US.
Big Idea: Private Money Lending can be an effective and reliable source of above average returns for those with some cash. One often overlooked source of this cash is dormant IRA and other retirement accounts. Dan and his dad cover private money lending on retirement accounts. They also talk through the founding of Diamond Equity Investments – which is the volume fix & flip real estate firm founded by Dan (the podcast host).
Dan Breslin: Dad, welcome to the REI Diamond Show. How you doing?
Dad: I’m awesome. How are you today, Danny?
Dan: Doing well. I think for a lot of our friends, our family, the people who know us personally, they’ll probably think this is a really interesting story. To the listeners who catch us occasionally, I hope they find it interesting and intriguing, but I wanted to have you on the show here today to talk about your experience as a private lender from the private lender’s perspective. I think for the listeners who maybe don’t have as much affinity to hear our second topic of the founding story of Diamond Equity Investments and like my career as a real estate investor, I think hanging out and listening in to the perspective of somebody who is doing private money loans on fix and flip investors houses, is worth the time to do the research so that you listening can have that conversation with people who will potentially be a private lender for you and fund your deals.
While the main topic will be private lending, we are going to start off with the founding story of Diamond Equity Investments and to give some people contacts, our company in 2023 closed $57 million in real estate, meaning after the renovation was done, we sold it, we add up all those sale prices, that was $57 million. That was not our profit, that number will be not disclosed in public and that was 330 transactions. We’ve done that with a large team. We have the virtual offer app, we’re closing deals, we’re rehabbing deals in states, I think 19 states in 2023.
We didn’t step foot in the state at all to buy it, fund it, close it, do the work, and then resell it and get a retail buyer to go to the settlement table. We’ve been blessed to attract a team of high caliber talented individuals here to come together and put together the the volume of deal flow that we’ve done. That’s Diamond Equity, we did 54 million in 22 and 54 million in 21, so we’re no strangers to doing volume of deals throughout the United States, but I started from humble beginnings, which I’m sure [inaudible] in a few minutes. Dad, you got your Oliver shirt on there, and my dad’s name is Dan as well, but through this episode, I’m probably going to call you dad or Pop. That was[?] listening Pop. You got your Oliver shirt on, so maybe you could talk about your setup right now, brief summary of your career, where you live, and maybe how you fit into being a private lender.
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Resources mentioned in this episode:
www.DiamondEquity.com
For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessOffMarketDeals.com/podcast/
My Dad & I Discuss Private Money Lending:
- How to Become a Private Lender
- Earning 10% Returns by Investing Passively
- Vetting Potential Borrowers
- The Founding Story of Diamond Equity
Relevant Episodes: (200+ Content Packed Interviews in Total)
The transcript of this episode can be found here.
Transcripts of all episodes can be found here.
