- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Information for my fellow Real Estate Investors
Posted on 5/23/17 at 4:24 am to Fat Bastard
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
Posted on 5/23/17 at 6:16 pm to Sho Nuff
So there's 2 properties; one is $50k rehab and the other is $100k. I'm thinking of doing the $100k and earning almost $1k a month in interest. I will be writing a check to the title company directly and on as the 2nd lien. Anything I need to think/worry/question?
Posted on 5/23/17 at 10:24 pm to Sho Nuff
quote:
I would be the 2nd lien on the property
who's first? How much are you loaning and for how long?
WHat is he putting into it? IS he putting anything down? IF this is a flip you need to charge more like a hardmoney lender. These are done usually within 8 to 12 months.
Popular
Back to top
Follow TigerDroppings for LSU Football News