Former Green Beret Shares The Steps To Be A Successful Private Money Lender

Edwin Epperson III is a Florida-based hard money lender committed to building trust and generational wealth. Before entering this business, he served in the military in 2002. Through powerful mindset and dedication, he was able to join the elite Green Berets, there he started to understand and learn the power of thinking analyzing and investing.

For 4 years, he trained in money lending during his service. And in 2014. He was able to “process, underwrite, coordinate, and close and service to a real estate investor in Pensacola.” Edwin also tried wholesaling and really wanted to get into fix and flip–however, he found his calling as a private money lender.

Join us in this enlightening episode where we talk about finding your calling, developing a powerful mindset to get you through turmoil and trials. Watch to the end where Ed reveals the important steps you need to take to become a successful private banker.

Don’t Forget To Reach Out to Ed:
Website: https://www.bbcfunding.com/
Facebook: https://www.facebook.com/edwindepperson/
Linkedin: https://www.linkedin.com/in/edwineppersoniii/

Quotes
“Becoming the bank and investing like the bank, you get to leverage not only Capital but other people's skill sets and their experiences. And quite frankly, they're licensed to keep you safe and protected. So that started my journey–since then, I have done hundreds of loans and deployed tens of millions of dollars and had quite the interesting journey.”

“I wanted to get in the Fix and Flip. I mean that's the sexy side of real estate investing, right? You take an old dilapidated property, fix it up, and make a bunch of money. Roll around in it, drive around in your big nice car…”

“There are three things that anybody needs to have to be successful regardless of the career field, regardless of whatever they're like involved in. They need to have the time, the knowledge, and the experience.

“This is one of the issues within. Being in the military, you are under the responsibility and accountability of your leader. And so even when you see your leader making a bad decision. you have to align with that process of falling underneath their leadership. And there's a key principle of that because even though you see your commander doing or making a bad decision or doing something that you disagree with if you step out a line or you start to go and make your own decisions, that could actually reap more havoc than everybody following what they know they're supposed to be doing.”

“Education is important. Once you get the foundations, now it's time to take action. Don't sit on the sidelines and wait for that perfect deal or for that perfect moment.”

“Experience was my teacher.”

“If I can build a community where someone like me can have access to Capital or someone with capital can have access to someone with my tenacity of getting out there and making it and building a business, I think that's a very powerful thing.”

Concepts
Unlike regular real estate investing, private lending allowed him to have control over his location.
Take action when you see the need for action.
Shifting the command for your business from another person to yourself is a huge step.
Take some time to sit back and make assessments of your decisions and current standing in your business and partnerships.
Edwin says that the goal of the selection process for joining the Green Berets is to break you–but the way you stand up and press onto the mission will set you apart from other candidates.
Your mindset is stronger than your physical capabilities. Once you put your mind to a goal, you’ll be unstoppable.
Having something to believe in, whether in your faith or the people around you, can give you a sense of peace when you’re in turmoil.
Only you can answer when enough is enough. The same goes for identifying your calling and purpose in life.

Time Stamps
0:00 Introduction
1:09 Craziest real estate story
3:54 What led you to Private Lending?
10:09 What experience from the battlefield stuck with you?
18:16 Who is the commander in your real estate experience?
20:00 Does seniority still apply when handling business?
22:47 Sitting back and analyzing your current standing
27:31 Difference between AAR and the Green Berets
31:00 The mindset and identity of a Green Beret
38:40 The importance of your mental capacity over physical
40:00 “Embrace the suck.”
46:26 Understanding the core of who you are–What are you called to do?
52:53 Finding alignment in the private lending world
58:18 Steps on entering the private lending business

Sources Mentioned
Rich Dad Poor Dad
Millionaire Next Door by Dean Graziosi
Bigger Pockets

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