All Forum Posts by: Isaac Blocher

@Andrew Jambor If you need funding please contact me at [email protected]

@Herb Hoyne I can fund this for you. Please email me the information. [email protected]

Are you looking for a loan?

@Jason Dale Have you gotten funding for this. I would like to email you what I can do. 

By @Bob Hinrichs has this property sold?

Hi BiggerPockets,

I am the manager of a Hard Money Lending Company called Shepherds LLC. We are in need of investors. Shepherds LLC is offering ownership interest into the company. Currently we have 6 investors. The investors that come into the company with the most money makes the most profit. The lowest amount an investors can enter the company with is $100,000. This is not only for accredited investors but also unaccredited.

Shepherds LLC is a hard money lending company. Currently we make loans in the state of IN. Shepherds LLC is located in Glendale CA. If you are interested in learning more about becoming a partner with Shepherds LLC please contact Isaac Blocher at [email protected]

Thank you!

I need some help understanding Owner Financed Value. I have several rentals that I want to sell with Owner Financing but I don't completely understand the difference between Market Value Owner Financed Value. 

Owner Financed Value 

Rents - (Taxes + Ins) = Owner Financed Value (O.F.)

O.F. x 100 = O.F. Loan Balance

O.F. Loan Balance + 10% = O.F. Value

So lets say I sell a renal using this model. 

Rent a month is $600 - ($100 + $35) = $465

$465 X 100 = $46,500

$46,500 + 10% = $51,150

Is the $51,500 the O.F. Value? The Market around my rental home my note support that high of a value. Now If I run these numbers on my personal home here in CA the Value is way way WAY under the market value. If I try and sell the note after selling my Rental, my note buyer may look at the Market Value and see that there is no equity in the property.  So if someone came explain to me the value of using this formal please help me.  Thank you!

I read this thread and learned a lot. I still have a question. If I use a RMLO to do owner financing how many deals can i do? @Curt Smith

@Wayne Brooks Thank you, now I see what they are doing.