Real Life of a Private Lender - Should I Start this Thread? Your opinion needed
My private lender and I decided to pool our resources together and we're putting up a private lending company.
Our goal is to ultimately put up a HEDGE FUND focused on lending money to real estate investors.
As my forum thread - the Real Life of a Real Estate Investor (here's the LINK) is quite helpful to BP Nation, I was wondering if starting another forum thread - "Real Life of a Private Lender" will be equally helpful.
I can see the benefits this will provide to the BP Community are as follows:
1) BP members will understand how a private lender thinks (psychology of lending money and what lenders regard as "risks")
2) BP members will see why some deals get funded and some deals don't get funded (is it a DEAL or NO DEAL?)
3) BP members will see why some borrowers don't get funded and how you can AVOID their mistakes (of course, I will not share sensitive info about my borrowers - NO names and contact info will be shared); and
4) BP members will understand HOW TO RAISE CAPITAL (do you know that private lenders also lend other people's money, not just their own?) - BP members will also learn what you can and can NOT do when raising money.
I always get the complain that it's so hard to raise money. My hope is this new forum thread will help educate BP Nation on how a private lender thinks so raising money becomes easier for your real estate deals.
If you think a Real Life of a Private Lender forum thread will be good, then reply with a YES. If I get 20 or more YES's then I will start this forum thread. If not, I will keep my money lending and capital-raising "secrets" to myself :-)
Wendell
P.S. You might be wondering why am I willing to share these "secrets"? Well...my Real Life of a Real Estate Investor forum thread was helpful in my business as it helped me attract buyers, sellers, lenders and investors. My estimate is that my Real Life of a Real Estate Investor forum thread has a $100K contribution to my profit in the past 37 weeks (so that's like making over $2700 every time I post my weekly business updates!). So, my hope is that my Real Life of a Private Lender will also help make my private lending business more successful while helping the BP Community at the same time. So, if you want an inside-look into the mind of a private lender, reply NOW with a simple "YES"!