Meet Brent Conrad of CR Lending in Frisco

Today we’d like to introduce you to Brent Conrad.

So, before we jump into specific questions about the business, why don’t you give us some details about you and your story.
I started in the real estate business around 18 yrs. old. I bought my first rental property and thought I was king …. LOL! I ended up only making $75 per month cash flow! I had been dating my girlfriend since 14 yrs. old (now my wife) and was always friendly with your parent’s neighbor when pulling up to my inlays house. She always saw me in different cars because I flipped classic cars to make money when I was younger. She approved me and said ” hey you’re probably a good salesman, why don’t you come work for this company I work at? ” At the time, it was pretty much a no brainer since I was flipping classic cars and had my release license for 1 year and had made NEGATIVE -$6,000 on real estate funds my first year! So I went in for the interview and found out real quick in life it WHO you know, not WHAT you know! I found out you needed a 2 year work history in the field and a college degree. Neither of which I had! But they took a chance on me and I was hired! It was in the subprime mortgage industry and just when I started to make some really good money, the mortgage crisis hit and the company went out of business. I was bummed, but there was an awesome silver lining….

I met my boss and group of friends which turned out to be my best friend and friends, and still are to this day! So, after the company shut down, I went and tried to be a retail loan officer for 1 year and again. Made nothing! But during that year, a “cash for houses” type company called me and wanted to know if I wanted to buy the rights to the Houston market, I told them” sounds interesting, but I live in Dallas, I can’t do anything with that. Call me when Dallas is available. So I really wanted to buy distressed homes, but I just needed them in my backyard. So a few weeks later, they called back and said Dallas was available! I bought the rights to the DFW market, and sure enough, sellers started to contact us wanting to sell their homes at discounted prices. There was one problem though. I had some money saved up from buying and selling classic cars. But not enough to buy a home for cash. So here’s what I did, I would write a contract on a home at $50,000 that is worth $100,000. I would then sell / assign my rights to the contract to another fellow investor for $5,000 or $55,000 total. So seller was happy because they got $50k, investor was happy because they got a $100k home for $55k and I was happy because I made $5,000 without having to send a dime! Now this was fine and dandy for a year or two, but then I realized how much money I was leaving on the table by not renovating them and selling them retail. So after saving money I started actually closing on the homes and rehabbing them. I was doing 4-6 simultaneously. If you have ever seen any of the TV shows like flip or flop or flip that house, etc. I was doing the exact same thing, just not on TV. So, after many successful years of flipping homes, to be honest, I got burnt out. So, I had home that I bought and was about to rehab and thought, let me try to sell it as-is to another investor. So, listed it on the local MLS and a buyer came along and made an offer, but he was getting a hard money loan and not paying cash. So I asked him how much his lender was charging him and he said 14% and 4 points. I said since I already own the home, how about I do 12% and 2 points.

He said ok, we had a deal and closed on the home with me as his bank. So, after that a light bulb went off and I thought… hey! I should just be bank for local flippers and make interest on my money. The banks are the ones who make all the money. . right!

So, I started a hard money lending company and that is our main focus, although I still buy and sell homes, and have a rental portfolio. So obviously we don’t have unlimited funds and need more capital. We solved this issue by starting a wealth management division for individuals who have cash reserves that are sick of only getting less than 1% usually at the bank.

We provide and excellent Alternative investment vehicle for our private investors. We pay a guaranteed 8% return on any money invested. Watch the video to see how. www.see8now.com

Great, so let’s dig a little deeper into the story – has it been an easy path overall and if not, what were the challenges you’ve had to overcome?
Pretty smooth, Just normal growing pains.

Alright – so let’s talk business. Tell us about CR Lending – what should we know?
We provide and excellent Alternative investment vehicle for our private investors. We pay a guaranteed 8% return on any money invested. Watch the video to see how.

In addition to our wealth management division we buy houses from clients needing to sell their homes quickly, for a fair price with little hassle. Our focus area is the DFW Area including Dallas County and Collin County, in cities such as Frisco, Plano, McKinney, Richardson, Carrollton, Garland, Farmers Branch, Mesquite, Rowlett. The types of houses we buy range from older homes, ugly homes, pretty homes, expensive homes, nice homes – just any home you need to sell quickly and efficiently. When you sell your house fast to us, there are NEVER any fees, commissions or other charges

Specialties: Buying, Selling and originating Hard Money loans in Real Estate

Is there a characteristic or quality that you feel is essential to success?
HONESTY!

Contact Info:

• Address: 4221 Preston Rd. , Ste 200
  Frisco, TX 75034
• Website: www.see8now.com and www.CRLENDNG.com
• Phone: 2149125539
• Email: brentconrad123@gmail.com
• Instagram: https://www.instagram.com/crlending/
• Facebook: https://www.facebook.com/CRLend/
• Twitter: https://twitter.com/CRLend
• Other: https://www.linkedin.com/in/brent-conrad-95999811/?locale=en_US

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