All Forum Posts by: Kalonji Mitchell

I use HubSpot CRM and MailChimp. Both have free options for the beginning investor. HubSpot also syncs with Gmail. 

@Julien Anaya Don’t mean to beat a dead horse, but definitely a scam. I receive emails with similar terms once a week. I attempted to vet a couple just to see how they were getting my email address. Apparently I connected with a few on Facebook and LinkedIn (non here - shameless plug, but true).
@Jeff S. They actually started  offering higher rates. I’ve seen a few at 10-12%. But knew they were scammers when I asked more real estate centric question regarding their criteria. 

In some cases a hard money lender may allow a seller second note. Of course, you would need the seller to agree to a subordinate position. 

I work with both hard money lenders and private money that will fund up to 85% and will allow the seller to subordinate the remaining. But, the key is subordinating. The seller's financed portion has to be in second/junior position. 

What’s the loan amount? 75-80% may be difficult, 65% is typical. 

@Martin Saenz Systems are invaluable and necessary for success. Great post. 

We have began to evolve our business model from brokering hard money loans (and some private money loans) to using our connections and capital partners to acquire property. Being in the space for years, we've developed a viable exit strategy for our capital partners in order mitigate their risks. One question I have in determined the best structure for funding our deals is whether we fund our deals utilizing a mortgage/promissory note to secure our capital partners investment or if we should facilitate a Joint Venture and put the property in a Trust. What are some of the pros and cons of each, from a private investor's perspective?

Thanks

@Thomas Standen, I just looked up FCI as well. They actually are a good fit for my current strategy of brokering notes, as well. 

@Don Konipol. I appreciate the response. I will look into them, as well.  Your business model is a progressed version of mine. I will take heed. 

Thank you, both. 

Good day, all. We are in the process of graduation from brokering loans to lending utilizing private capital. Besides Del Toro Loan Servicing, of whom I have nothing negative to say, what are some great options? I'm always thinking contingency, so I would prefer a few options. Ideally, the servicer would have experience with Self Directed IRA/Solo 401K investors.

Thanks.

Fix 'n Flip, or Purchase and Hold...whatever your west coast investment needs are, we have very attractive loan programs to suit your needs. We can get your non-owner occupied single family, multi-family (apartment/condos), commercial (office/retail), and even industrial closed in god speed timing. Minimum deals starting at $1M. If you're a local California investor, or branching out to this desirable Real Estate region. Email me at [email protected] or click HERE.

Rates Start at 7.9%

LTV up to 65%

NO Income

NO Misc Docs