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re: Information for my fellow Real Estate Investors
Posted on 5/22/17 at 2:48 pm to Sho Nuff
Posted on 5/22/17 at 2:48 pm to Sho Nuff
quote:
What do you guys think of private money lending as an investment?
hell yes! just make sure it is backed up with RE. many private lenders loan at 8% or 10%. If you can get 10% go for it. Just vet the damn 3rd party you are going through unless you plan on doing it directly. WHo approached you? a investor needing a private loan? or a third party you invest with who allocates your money to lenders for you?
1
Posted on 5/23/17 at 4:24 am to Fat Bastard
It's an investor who runs a sort of we buy houses here. He's legit. I would be the 2nd lien on the property and he puts title insurance and loss/payee as well for me. I worked out 11% with him. Thinking of going for it.
This post was edited on 5/23/17 at 6:16 pm
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