All Forum Posts by: Dionte Graves

if you believe the first paragraph of this BP blog entry (80% of Self Directed IRA accounts close within 2 years), and Money360 targets that untapped capital, it's easy to envision this market taking off. BTW, prosper marketing is virtually nothing. For the years ended December 31, 2010 and 2009, they spent approximately $635K and $789K, respectively, on marketing.

Interesting information I can see that with some modification this opportunity could have some serious potential if they can clearly communicate what measures they use specifically to minimize risk during their DD process then they'll become a bit more trustworthy.

If they lower the minimum investment amount and put a 10% or 5% maximum leverage requirement amount on loans funded, they will help investors minimize exposure and reduce the "eggs in one basket" fear that some my have...

After all it is an investment so will win some will lose no matter what preventative measures are taken...

Chris
Good idea starting this thread!

Ive searched all over the net, there are no other opportunities that exist that resemble this.

Ive discovered several other p2p lending companies but none for REI.

I believe this has massive potential with the right business model in place.

Yeah Chris the thread did get off topic in any case there was some good nuggets of information....

My question still remains although, What ways can you make 5-15% or any decent return Passively In RE with minimal risk? Who can share what they did to achieve those gains, how little or how much initial work did it take to get to the point of gaining that return Passively?

Where are my Hard Money lenders, Investors that raise capital and invest in RE for others and provide a Passive ROI for others? I know the BP consists of those who have done it.

Who is willing to share their experiences?

BP plug? Sure thing!

I'm looking forward to the site opening up to the masses I was too late signing up and the doors were closed!

Looks like the next big thing in Social media...

Cant wait to get in...

I encourage all who have participated in this thread to visit

WWW.MONEY360.COM

I want you guy's opinion since this seems to be like a good opportunity although not quite good enough.

I feel as though with their 50k minimum investment they price out a large number of those interested in investing on their platform.

Anyone know of any other similar opportunities being offered now?

Whats your take on this company's opportunity?

Phillip

What was your experience with having to take a property back? How long did it take, any complications,does it work like a typical foreclosure? Can you give us a brief description of that process?

By your answer Im hoping to create an illustration of a potential worst case scenario for this type of investing.

Yeah they also require a 50k minimum investment so you roughly need 250k to minimize your exposure @ 20% across 5 loans...

I feel like they miss a huge amount of investors by requiring 50k if they lowered that to 5k a person with the same 50k one could spread their risk across 10 loans or 10% leverage into each loan...

Great responses guys Just what I was looking for; the difference in opinions and various perspectives!

Went searching today and I found this company it fits the criteria I had in mind when I started this post.

www.money360.com visit the site let me know what you think?

Thanks James!

I like your response I think this gives someone the ability to structure their start in seeking passive RE investments...