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Private Real Estate Lending

290 members โ€ข Free

6 contributions to Private Real Estate Lending
Looking for a Lender!
221 W GREENE ST, OH Loan Purpose: Closing Costs and Rehab Purchase Price: $131,000 Rehab Cost: $132,000 1st Position Lien: $249,900 After Repair Value: $500,000 Loan Amount Requested: $50,000 Loan Term: 6 Months Lender ROI: 25% ($12,500) Collateral: 2nd Lien position on Subject Property Closing Date: October 20, 2024 Exit Strategy: Buy & Hold / BRRRR (Buy, Rehab, Rent, Refinance, Repeat) Let me know if I missed anything or if you need more info!
Looking for a Lender!
1 like โ€ข Oct '24
Iโ€™ll take a look also Letโ€™s connect on a call
If you have funds, I have deals!
I'm a landlord and presently raising Capital for Real Estate acquisitions that my associates have pending. These are the deals that everyone talks about and wants to get into. If you have funds, I have deals! Let's put that money to work.
0 likes โ€ข Oct '24
Okay letโ€™s go. DM with info
How to Guarantee You Lose Money Lending
Do not lend without underwriting first! You will see a lot of second position deals when branding yourself as a PML. Whenever you are lending in second position, you have to know what first position owed before you even know if it's a deal worth looking at. Think of it this way, if you have a cup 75% full of water. You can only fill it 25% more before it overflows. The borrower might be asking you for that 25%(or a certain amount in second position) but without knowing how full the cup is already, you could be at risk of overflowing the cup. Overflowing the Cup = UPSIDE DOWN MORTGAGE in real estate world. You DO NOT want to lend more $$ on a property than the value of that property. You always want to lend LESS than what a property is worth, not more. If there is a lender already on the property, they are first position, and you HAVE to know what they are owed before you consider putting more debt on the property. Comment below if this provides clarity! Remember do not ever rush into deals, especially if you don't know what you are looking at.
Poll
37 members have voted
4 likes โ€ข Sep '24
It all comes down to understanding Underwriting. Most people have over inflated option of their properties. Check and understand comps
Who here needs there first deal?
Hey hey! I have a couple loans coming up in my personal business that I'm willing to invite an investor in on! In my company we mainly focus on first position PML in Atlanta with monthly interest. These loans are to fix and flippers and all of our loans have a 6 month balloon. We are typically funding deals $150-250k and partner with people who want to take down the loan themselves or contribute $50k+. As a partner you can get 10-12% annualized interest with a monthly interest payment. I am partnering with capital partners on new PML deals every week! I want to do deals with this community! Who here is ready to deploy capital and looking for a worthy opportunity?
2 likes โ€ข Sep '24
Need
thanks for having me!
I am a long-time investor who now mostly JVs with people and lends money from my SDIRA. This is the 3rd Skool I have seen in the last week...actually the 3rd I have seen in my life, so it must be getting popular.
1 like โ€ข Sep '24
@Jack Hilbun Hi Jack, Iโ€™m new to the community and new to Everett,Wa. Letโ€™s connect 619-382-8946. Iโ€™m making introductions to local investors and realtors in the area. Iโ€™m also a wholesaler and Iโ€™m closing on my first local property.
1-6 of 6
Thomas Ellis
2
8points to level up
@thomas-ellis-7019
Helping Raise Private Capital for Real Estate Investors to Fund their Investments & Grow their Business | Capital for Businesses, Real Estate

Active 2h ago
Joined Sep 7, 2024
Everett,Washington