All Forum Posts by: Vipul Shah

I would like to hypothecate a whole note that I will want to find investors for. If the note was secured by real estate and I’m yielding say a 13% annualized return, could I possibly find an investor that can lend on 70% of the note amount and charge an annual rate of 9%, using the original note as collateral? Basically “cash out” my note. Hope I’m explaining it right

Quote from @Chris Seveney:

@Vipul Shah

Can you explain more what you are wanting to do? If you want to create notes and then sell off a portion or whole note you will want to find note investors.

Yes you could find someone for that, I would recommend finding other investors or IRA investors. A bank probably will not, but a company FNAC may be interested in it if the borrower has a good pay history and decent credit.

0 Votes

Los Angeles County, California

Makes sense thank you @Chris Seveney

Quote from @Chris Seveney:

Quote from @Vipul Shah:

Hi Chris

@Vipul Shah

Can you explain more what you are wanting to do? If you want to create notes and then sell off a portion or whole note you will want to find note investors.

0 Votes

Los Angeles County, California

I will add I’m not selling the note. I still own it and collecting the 13% return while paying 9% on the hypothecated amount

Quote from @Chris Seveney:

@Vipul Shah

Can you explain more what you are wanting to do? If you want to create notes and then sell off a portion or whole note you will want to find note investors.

0 Votes

Los Angeles County, California

Hi Chris

@Vipul Shah

Can you explain more what you are wanting to do? If you want to create notes and then sell off a portion or whole note you will want to find note investors.

0 Votes

Los Angeles County, California

Thank you @Joe Homs, @Chris Seveney, and @Nick Belsky for your replies and insights. The note I hold is insecure. However I am going to look more into promissory notes that are secured by real estate to be able to get more value out of it by possibly hypothecating it. My goal is to get up to 70 cents on the dollar but I assume I will need to find a private lender? What kind of intermediary is involved in this kind of transaction? Thanks again

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Los Angeles County, California

Hi
I have a note and wanted to use it as collateral for additional financing. What information would be needed and where is the best place to start? Who can facilitate this transaction as well?

Thank you

Vipul

0 Votes

Los Angeles County, California

Originally posted by @Aaron K.:

@Vipul Shah just don't use credit cards for this purpose, if you are doing so, it likely indicates that you are not well capitalized, and it is very risky.

Hi, I wanted to utilize the credit cards for real estate transactions to fill in the gaps. For rehabs and such. These are business credit cards at 0%. Any low fee way? Is PayPal good? I have a business PayPal and a personal. Has anyone tried paying from business to personal account?

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What is by far the best way to liquidate credit cards for ready to use cash in a bank account? I don't have convenient checks. I've heard about using PayPal, is that a good way?

What are some other ways that is fast and less expensive?

Thanks

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Count me in too, looking forward for the next meetup

1 Vote

Great meeting, thanks for setting it up. Looking forward for the next one too.

1 Vote

All Forum Posts by: Vipul Shah

Vipul Shah has started 3 posts and replied 16 times.

Post: Promissory note for collateralization

Post: Promissory note for collateralization

Post: Promissory note for collateralization

Post: Promissory note for collateralization

Post: Promissory note for collateralization

Post: Promissory note for collateralization

Post: Want to liquidate 0% credit cards

Post: Want to liquidate 0% credit cards

Post: Orange County Meetup

Post: FUN MEET UP IN ORANGE COUNTY, CA!!