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Updated about 4 years ago on . Most recent reply

Low Hard Money Lending Rate for Learning *New Investor*
Hey Everyone,
My name is Matt Brazis, I'm 31 years old and currently work in medical device sales. I'm looking at getting my real estate investing career off the ground and specifically looking into the Brrrr method for SF properties in the greater Tampa Bay area, with a special interest in Polk county. I like the central location between Orlando / Tampa and its more so in my price bracket. I currently have 55k saved (with a healthy personal reserve) and to build up my knowledge and make connections, I want to offer it as a hard money loan at a favorable rate in order to learn the ropes hands on.
Feel free to shoot me a message and would enjoy discussing in more detail.
Thanks!
Matt Brazis
Most Popular Reply

Hi @Matt Brazis. Money is easier to come by these days and no offense, but with 55k, you will likely be lending on a flip and only for the rehab portion. This means that you will probably be in Second position and won't have much protection. Just a thought