All Forum Posts by: Rob Hakes

Welcome Coco!

I have been wondering the same thing as well. I think for my own analysis i would include the CapEx so I knew what my true return would be. In doing some reading it looks like CapEx gets separated out from operating expenses because it is taxed differently. I think the IRS views CapEx and regular maintenance differently.

Let me know if that sounds right.

Thanks for the reply.  That sounds like good advise.

I have seen a few deals presented by the borrower that have awesome returns, but are quite lacking on the details.

I am curious what you mean by 'no take-out' for your loans, I have not come across that term before.

@Bob Malecki Bob- I would also be interested in any materials you have on note investing.

Thanks

@Darren Eady Could you send me some due diligence information as well?

Hello BP! I am a long time lurker, first time poster from the Salt Lake City, UT area.

I have been studying many different aspects of real estate investing and am wanting to get started on the lending side.  I was hoping to get some input on the basics of being a private lender.  Does anybody have any input for a regular dude that wants to put his money to work?  I am wondering

-who are the best players to network with to find good projects? Loan/mortgage brokers/?

- what laws do i need to worry about as a PML?  do i need to worry about usury laws?

- What are some common pitfalls that a lender finds themselves in?

-What are the market rates that Lenders charge for a short term deal?

I only have a little bit to probably do one job or a portion of one job at a time, so i don't want to lose on my first deal.  I would be looking at primarily doing short term deals (fix and flips)

Any feedback is appreciated. Thanks