All Forum Posts by: Bernard Wallace

I’ll be real with you comments like “small time players” and “not the sharpest tools” aren’t necessary, especially when people are out here actually doing the work.

Let me show you what “small time” looks like:

Property purchased for $52,000

I personally invested $32,000 in rehab

• Project is nearly finished
• Set to sell for $165,000
• That leaves a spread of $81,000
• Even with a $20K–$25K loan, the profit still clears well after loan costs — and that’s with me using real numbers, not hypotheticals

So to say this deal isn’t attractive or that it takes someone “sharp” to see value in it is unnecessary .In reality, a smaller loan here makes more sense than overleveraging on a bigger one. Not every deal needs to be oversized to be profitable  it just needs to be smart.

I’m not here to prove anything, just to get things done. If this deal doesn’t work for you, that’s fine  but don’t downplay real efforts when the math speaks for itself.

So if that’s what you consider “small time” or “not the sharpest tool,” maybe the real problem isn’t the player  it’s the lens you’re looking through.

Thanks, I appreciate the tip I’ll definitely look into that. I’ve already done quite a bit of groundwork on my end, including reaching out to lenders and even family, but traditional routes haven’t worked out for this particular deal. That’s why I’m specifically here, looking to connect with active private money lenders who are currently lending on solid opportunities.

If you or someone you know is lending directly or open to hearing more about the numbers I’d love to share the details. I’m looking for someone who understands value-based lending, and this deal is exactly the type of situation private or hard money is designed for.

Thanks for the reply, but I feel like my actual question was overlooked.

Just to clarify, The deal I’m working on only needs about $20–25k, not $15k. I have $13k in savings, which is already set aside tocover carry costs.

Paying a $10k fee to complete a property that's free and clear with an ARV of $165,000 isn't an issue for me. What would cost me more is sitting around waiting for help while I continue to pay property maintenance, insurance, and taxes month after month.

Maybe I was misinformed about private letters, but I thought this is exactly the kind of situation private and hard money is designed for.

Hello, and thank you …you’re absolutely right. I did explore traditional options and even reached out to family first, but unfortunately, they aren’t in a financial position to assist right now. I also spoke with a lender, but the fees were incredibly high—on a $40,000 loan, the upfront costs alone were nearly $18,000, which simply isn’t reasonable for a deal like this.

That’s why I’m here on BiggerPockets seeking a private or hard money lender who understands real estate investing and lends on the strength of the deal, not just personal credit. These types of lenders exist for situations like this: where the opportunity is solid, but traditional financing or personal resources aren’t a fit. I’ve done the work, the numbers make sense, and now I’m just looking to partner with someone who sees the value and can help get this across the finish line.

I forgot to mention 

I’m seeking a short-term 6 month funding