All Forum Posts by: Aaron Bihl

Hey @Alicia Evans, 

If you're looking to buy notes, paperstac is probably the most well known place for that.  I haven't bought any there but listed one of mine that we ended up holding on to. 

As far as private lending, I would just make sure you are vetting the person you lend to.  I have a fix and flip/wholesale company in San Antonio, TX and we use private lenders quite often. 

A few things I would do before lending to anyone on any project: 
1.  Check references (title company, other private lenders, ask for details on past projects)
2. Make sure everything goes through a title company 
3. Make sure the loan is collateralized against the property, in Texas that's a deed of trust and a promissory note, and we generally personally guarantee everything.

Let me know if you have questions on this process, glad to help however I can.

This is who we use.  

Freedom Property Management | San Antonio (freedompropertymanagementtx.com)

I have rentals in both places.  This is who we use.   

Freedom Property Management | San Antonio (freedompropertymanagementtx.com)

Lol yeah.  Here is one of mine in canyon lake where the land value 10x'd in a year lol.  Thankfully they havent found out about our 1400sqft addition yet.  

 As a fellow san antonion I feel ya lol.  I always think it's interesting when folks want to invest here, if I didn't live here I wouldn't.  

The interesting thing about it is that it varies greatly (both in tax rates and how aggressive they are on increasing).   I've had properties where they have doubled in a single year.  

Protesting your taxes annually is a must but it doesn't fix it, just slows the bleeding.

 Lol, you're not kidding.  

And to add to that I've used private lenders probably 50+ times and have lended myself a handful of times.  I would make sure I'm vetting the deal and the operator, but probably the operator more than the deal.  It can be a relatively safe way to make good returns on your money but can also go sideways pretty quick.

I'd take Leon valley over converse any day of the week

It would also help to give a little background on your experience.  

I've probably flipped near 100 houses at this point and wouldn't put a new lender on a 2nd position lien like that or on a project that requires 150k in rehab. 

There is a lot a risk with this loan based on the details you provided.

@Joe S. shoot me a message and I'll give you my guy's contact.  He's been doing carpet and LVP for me for 3-4 years.

@Jordan Moorhead Appreciate the shout out.  I don't mess with homes in parks.   I know there are some people that do and I'm sure there is a way to make money on it, but to me the juice isn't worth the squeeze.  If they're on land I'll buy them all day.