All Forum Posts by: Dionte Graves

I'll try to take a stab at this one although I have never invested with one.

Ive noticed that most Ive seen most HMLs that have websites have some type of informational pdf document or powerpoint presentation or you tube video as an ice breaker. So that would be a start; obtaining some introductory information. If all seems well from the introduction. Then I would do my due diligence on the company. GOOGLE the name of the company and any officers or money managers for complaints/disputes. Then check the bbb and state attorney generals office for outstanding complaints.

Im sure you already know this but you must clearly define your risk tolerance and the type of projects you want to invest in. Hard money I assume is usually risky since the return is so high.

I would ask questions like;

What type of projects do they invest in?

How many properties have you had to foreclose on?

What type of active investors do you lend to? RE investment companies, individuals.

How experienced are the individuals you lend to? What is your lending criteria?

Why should you choose them over any other company?

These are a few I could come up with hope this helps...

Feel free to add!!!

Jeffery;

Thanks for the response. I assume that you have done your fair share of private lending. If so what did you specifically look for in the notes or the project or person or company you invested in. And how passive would you say this type of lending has been for you?

Another great response!

What reasons are you opposed to investing through prosper and lending club? Im very familiar with the both of them. I dont think ohio is a state that can invest on their website yet.

Same to you! By far my favorite holiday next to Christmas... BBQ, Fireworks, family, the Great Lakes... GOOD TIMES!!

TO EVERYONE BE SAFE!!

Thanks for the response Chris and a good one at that. Are there any additional ways to mitigate risk that you or anyone else can think of?

Are there any firms or companies that offer hands off investing opportunities with a proven track record for obtaining their investors returns with a low loss record?

Okay I am up late its 1am and I thought of a question for the BP community...

Is there a way for an individual to passively invest in real estate with minimal risk, achieve decent returns; for arguments sake 5-15% and avoid anything related to buying stocks, mutual funds etc?

I know the obvious answer is probably tax certificates and private lending. But I am fairly new to REI especially when it comes to creative financing and private lending. What other strategies are there that fit the aforementioned criteria?

The main objective of this question is to get as many responses as possible to educate those looking to passively invest in RE. Also looking to maybe come up with some suggestions for those I encounter who wont actively invest in RE themselves.

I personally want to have active investments in RE like rehabs, rentals, etc. But I also want to get a return on liquid capital that I can put to work in passive investments...

Hello Mark,

Welcome to BP... TO answer your question about obtaining a pre-approval....

If the strategy you intend to use requires financing find out what lenders offers programs tailored to your particular investing strategy. You can start this process by simply calling the major banks and asking the terms of their loan programs and what their qualification requirements are. If none of these lenders meet your needs then search for local community banks and credit unions. The application process is usually simple.

You stated that you are interested in rent to own programs. So you have to decide if you want to rehab properties and sell them with rent to own terms.

Or you can find sellers and negotiate favorable rent to own/ lease option terms and assign the contract to an end buyer for a fee.(Wholesaling)

In the first scenario you would would need some type of financing; hard money, private money, or conventional financing.

The second requires little if any money other than advertising expenses...

I would advise you to clearly define what strategy, more specifically what exit strategy you intend to utilize. Then based on your choice then decide whether you need a pre approval. This is vital because you don't want unnecessary inquiries on your credit profile.

Lastly you can look at most properties without a pre approval here in the states so I dont know for sure but I would assume its similar in Canada if not the same as here. You contact a local agent tell them you are looking to see potential investment properties and they typically will schedule appointments to show you properties within your parameters. Again its all going to come down to the strategy you choose...

I hope this helps! Best wishes!

Congrats on your deals... Look forward to any new details!

Ive used vistaprint or hot cards I got 5000 postcards gloss front and back for $150....

hope this helps!

Good Post Jon...

There seems to be a little too many"potential" pit falls for such a transaction without any reward for yourself...

That stated be careful and good luck with the transaction...