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All Forum Posts by: Michael Painter

Michael Painter has started 1 posts and replied 10 times.

Post: New to lending money

Michael PainterPosted
  • Posts 10
  • Votes 4

I was thinking the same thing about the borrower having a lot of skin in the game. 

Post: New to lending money

Michael PainterPosted
  • Posts 10
  • Votes 4
Quote from @Daniel Millner:
Quote from @Michael Painter:

I have $300,000 to lend and I can get my hands on $300,000 more. I just want to make sure that I have all of the correct paperwork to make sure that my money is protected as much as possible. 


 I was just about to post this in another location, but maybe you would be interested in partnering up on a few flips/STRs?

Thanks Daniel. I want to start off doing a couple of local hard money loans first. After I do a couple of these I’ll get back with you and see if you have any deals left. 

Post: New to lending money

Michael PainterPosted
  • Posts 10
  • Votes 4

That’s a good idea. Thanks, I will give them a call. 

Post: New to lending money

Michael PainterPosted
  • Posts 10
  • Votes 4

Thanks, but I want to do some local deals first. I'm located in the upstate of South Carolina.

Post: New to lending money

Michael PainterPosted
  • Posts 10
  • Votes 4

Good information. Thanks!

Post: New to lending money

Michael PainterPosted
  • Posts 10
  • Votes 4

I’m really wanting to do hard money loans where I have first lien position on the asset. I want my money to be as secure as possible. 

Post: New to lending money

Michael PainterPosted
  • Posts 10
  • Votes 4

I have $300,000 to lend and I can get my hands on $300,000 more. I just want to make sure that I have all of the correct paperwork to make sure that my money is protected as much as possible. 

Post: New to lending money

Michael PainterPosted
  • Posts 10
  • Votes 4

Hello everyone. I want to get into the money lending aspect of real estate. I’m looking for someone to show me the ropes. I know that everyone’s time is valuable so I am willing to pay for this service. 

@John White

I don’t know about mobile home parks, but the home my parents have is 40 years old and has never needed the septic tank pumped.

I went to the free seminar today in Spartanburg S.C.  Everything he said sounded to good to be true, but I stayed to hear him out anyway.  At the end of his speech he started doing the high pressure sales tactic of “ you have to purchase now and seats are limited “  that’s when I knew it was time for me to leave. As I was leaving I couldn’t believe that I saw about 15 people signing up. I felt sorry for them.