All Forum Posts by: Rodney Dixon

I'm currently considering taking action on recruiting as many private money partners as humanely possible for my RE deals and have thought up taking this route: executing Calling up a couple local financial advisors and private wealth advisors(since these are middle man connections to money) and pitching them my private lending opportunities in which I want advisors to present it to their clients and whichever client wants to do deals with me, I'll have them available for funding my deals and I'll pay a "referral fee" to the advisor for his/her help.

So for all the readers of this post, my questions in sought of direction and sufficient instruction, can my idea be accomplished successfully without violating any rules that the advisors would be faced with?(I read something about the"selling away" rule).

My other question is, would those types advisors be best for this agenda or a different type of advisor?

I want to know whats the best structure to use for Sub-2 deals before you wholesale them? (Land contracts, installment contracts, AITDs, wraps). I'm hearing different things and don't want to be misled.

Recently I purchased 2 of Mark Walters courses on the note business in which only educated me on strategies I can execute without providing any forms or actual instructions on "how-to" flip notes. That being said, I'm seeking instructions on how to flip a note as if I was a wholesaler that was flipping a house. 

I already have a list of note sellers/sources as well as buyers but do not have any documents/agreements or "know-how" to go from 1)getting the seller to sign whatever contract I'm supposed to use in order to do a flip, 2)getting the buyer to sign whatever contract required for me to flip the note to them and 3)knowing who I'm supposed to take all the signed docs to for closing(I'm assuming a RE attorney or title company).

As I'm considering to structure a note deal on this pre-forclosure lead that just came in, I need some advice on making the best move. When it comes to the best structure that will also be the most profitable(its ability to be sold for top dollar), which of these structures should I execute: land contract, installment contract, AITD or a wrap?

Which course was the upsell? Are the different lead sources REAL sources that can be tapped into? Also, have you even had any success w/raising private money?

Does anyone own Susan Lassitor-Lyons "Instant Private Money" course?

If so, please provide a input on its contents.

 With that said, what would the payments look like if the agreement was Principal + Interest payments/per month?

Thanks for the response! If you don't mind Mr. Logue, could you give me the calculations of that same $50k price but for terms of (1) 3 yrs and (2) 5 yrs scenarios?

I would really appreciate it.

For education purposes, I want to know how is the "payment" calculated when it comes to having a private lender provide 100% purchase price of a deal for either (1) a 6 month term or (2)  1 year term if the repayment shall be in the form of monthly payments until the loan is due and its at a 8% rate?

Please provide answers by applying them to a $50,000 purchase price.

NOTE: My answer, in which I think is wrong, is for that $50,000 purchase at 8% for 6 months would be $666.70(I rounded it up)($50k x .08/6)

 - For 12 month term: $50k x .08/12= $333.30(I didn't round it)

I'm looking to connect a potential investor of mine w/an apartment building investment and need 2 conservative formulas: 1). One for calculating potential deals in any state and 2). One for using on deals in FL(which is where I'm targeting this deal for my investor.

Any assistance?