All Forum Posts by: JJ Lunsford
JJ Lunsford has started 34 posts and replied 51 times.
Post: Private money/investors capital
- Investor
- Posts 58
- Votes 12
Nikko, this depends on how you break it up using private debt or private equity investors. Pretty familiar with both, shoot me a PM if you want to chat through it!
Post: Need Help On Private Money Lending
- Investor
- Posts 58
- Votes 12
Hey Porter, would love to learn more about what you're looking for and answer any questions you may have!
Post: LOOKING FOR HARD MONEY LENDERS IN SALEM, OREGON
- Investor
- Posts 58
- Votes 12
Hey Jesse, we do a lot of work with investors in the area, would love to learn more about your strategy and see if what we do would be helpful to you!
Post: Looking for rehab lending in East Texas area
- Investor
- Posts 58
- Votes 12
Hey Traci, I do a lot of work with investors in your area. Would love to connect and see if we can't do some work together!
Post: Seeking a private lender
- Investor
- Posts 58
- Votes 12
Quote from @Sean Starkey:
Quote from @Scott E.:
If you connect with a private equity lender within your network (friend, acquaintance, contractor, family member, etc) then you come up with terms that are mutually beneficial.
I've structured a lot of private money deals over the years and they have changed based on the lenders needs and the deal itself.
Regarding your question on funding the entire down payment - This will be a harder sell but still possible, you'd just need to make the terms very attractive to the lender. You could structure something like this:
-Private money lender finances 100% of purchase and 100% of rehab
-You pay them a 6.5% interest only payment on their money along the way
-When property is sold, profits are split equally (50/50)
Sean, funding for that size of deal is totally typical for private money and you would keep the deal/profits but that would be if you put money down. Putting zero down would lead to something more like what Scott was saying most likely where they would need more upside... or at least the rate would be much much higher to an unsustainable/unsafe rate. Happy to chat about some more paths forward with you in DM's.
Post: Private Lending Experiences
- Investor
- Posts 58
- Votes 12
Hello all! I'm curious what everyone's experience with private lenders is like? What are the main pro's and con's? What do you look out for? Are there standard rates or parts of the experience to note and expect? etc. etc. Thank you!
Post: Construction loan for a triplex and 2 ADUs
- Investor
- Posts 58
- Votes 12
Hey Ali! I may be able to help you with this, add/message me and lmk if you want to connect for a call.
Post: Recommendations for a hard money lender in Illinois?-New investor
- Investor
- Posts 58
- Votes 12
Hey Faiz, I've got some good stuff for you! I'll shoot an connection/message over shortly.
Post: LENDERS & MORTGAGE BROKERS
- Investor
- Posts 58
- Votes 12
Lashanda, we help with this all the time. I'll shoot you a message :)
Post: Duplex Financing for Less Than 25% Down
- Investor
- Posts 58
- Votes 12
Eric, we do a lot of loans for value add investments (rehab & rent / fix & flip) at more than 75% LTV... let me know if it's of interest to you to chat more, good luck!