Looking for Private Money Relationship

[Benjamin Fredricks]

Hello BP community! We are starting off the year with some big goals and are going to need some help to achieve them. I'm working to find a lot of subject to or owner financing deals and would also like to have a private money lender in place to help fund our deals as needed. We have an outstanding portfolio lender that has helped us with many of our properties and will continue to do so, but I know we're missing out on private money. Quite frankly, I would rather help a regular citizen make some money with their IRA than a banking institution. I'm still holding a grudge from my time at Lehman Brothers.

Anyway, here's what you'll get from us.  My partner and I are very conservative when we analyze and negotiate our deals.  We look for the following for starters:

At least a 10% cash on cash net ROI

At least $200 per door in net profit per month

At least a 1.5 DSR so that we can make additional payments to the principle

We take the following into consideration on every deal no matter what:

10% vacancy

10% holdback for CapEx & Maintenance

10% for property management

We are not looking for hard money.  We are experienced buy and hold investors and want a long-term, profitable relationship with a private lender that would like to invest with us on a passive level. If you would like to talk a bit more about our experience, what we're seeking to invest in and your goals, please shoot me a message and we can set up a time to chat.  Best wishes to all!