Michelle McPhee
👤 SpeakerAppearances Over Time
Podcast Appearances
John seems to see an opportunity in Sarah, someone he can use.
As she's telling me about this McCabe guy, I'm thinking, the Sarah I know likes to be the one calling the shots. She wants to believe she's in charge. But to me, she sounds like she's out of her league. Like she's the prey, not the predator.
As she's telling me about this McCabe guy, I'm thinking, the Sarah I know likes to be the one calling the shots. She wants to believe she's in charge. But to me, she sounds like she's out of her league. Like she's the prey, not the predator.
And soon enough, Sarah said she and John started working together.
And soon enough, Sarah said she and John started working together.
Like Brian Quinn before him, John is good at making connections with the guys Sarah's trying to get in with.
Like Brian Quinn before him, John is good at making connections with the guys Sarah's trying to get in with.
In short order, Sara said John's acting like King Family Lending is his too, trying to woo potential investors.
In short order, Sara said John's acting like King Family Lending is his too, trying to woo potential investors.
And you know, it works having a man there to sell them on it.
And you know, it works having a man there to sell them on it.
Maybe John is overstepping, but he also seems to be helping Sarah reel people in. There are two sides to a hard money lending business. Getting investors to give Sarah money so that they can make money. And the other side, giving out loans to men and women who needed money quick and don't want Citibank to ask a ton of questions.
Maybe John is overstepping, but he also seems to be helping Sarah reel people in. There are two sides to a hard money lending business. Getting investors to give Sarah money so that they can make money. And the other side, giving out loans to men and women who needed money quick and don't want Citibank to ask a ton of questions.
Sarah told me there was a special type who could and would pay 30% interest on a loan.
Sarah told me there was a special type who could and would pay 30% interest on a loan.
Yeah, it was a little weird, but they had the hard assets to back it up.
Yeah, it was a little weird, but they had the hard assets to back it up.
Because I can tell you, like, I don't know, I'm broke as shit, but I'm still not giving my credit card company 30%.
Because I can tell you, like, I don't know, I'm broke as shit, but I'm still not giving my credit card company 30%.
If Sarah was actually getting 30% interest on these loans, it was an insanely good business proposition. A little too good.