All Forum Posts by: Nicholas S.

Looking for small loan for down payment on a cash flow rental property.  Contact me for more details about the property.  Flexible about terms, details below.

Amount: $6,000

Interest Rate: 5%

Life: 5 Years

Monthly Payment: $113.23

I am offering an opportunity to participate in crowd-funded real estate.

Traditional savings accounts don't give the returns they used to, earning an annual percentage yield(APY) of 1% or less.

Beat the bank by investing in crowd-funded real estate with an APY of 2%*.

Minimum investment of $1,000, no maximum.  Zero Fees.

I also offer 1%* APY for all referrals through my affiliate program for the lifetime of the investment.

*:Calculated from property date of purchase.

I am also assuming that I am not committing fraud.

I will have the property under contract before soliciting investors. That should provide legitimacy.

Thank you for your help. Upon reading you reply Eric, my first response was to try and just verbally bash you, but I understand why you are saying what you are saying. Instead, I will just tell you whats up. I found two real estate agents in my area who specialize in investment properties and have been for a couple years. They are married and the wife is also a Mortgage broker. I also have a contractor who has agreed to help evaluate properties, at least initially, he is also a real estate investor himself. I am assuming that they can help me find a good deal in my area, because they have already shown me many of the current projects their clients are working on. I am also assuming that they fully understand the closing process, to every minute detail and that I will have a much better understanding once I participate in one. What I didn't want to assume was that they know what a private money loan is and that a private money loan is basically the same as any other loan, as far as closing time is concerned. I hope that settles your stomach a little about my ventures.

This is what I need help with. I am trying to purchase properties using Private Money(not hard money loan) in CA.
First, I am trying to find a good note template for a private loan specifically used to purchase real estate(I don't know if that matters, but most of the templates/samples I have looked at aren't structured in the way people have described them to me). I would like it to last for X number of months at Y annual interest and it would allow me to pay back the full loan at any time. It would also provide the purchased property as collateral, if I default on the loan.
Also, I don't understand how the loan would be execute, I mean specifically, How does the money get from the lender to me, and from me to the purchase of the property. As I understand, it all happens at the closing of the property. But, that is about as far as my understanding goes. How should the purchase be structured? What needs to be in the purchase agreement to tie it to the loan note and to protect me and my lender.
This is a little more general to my overall strategy, but I plan on using one of these three exit strategies after purchasing the property: Flip, Rent, or Lease Option. I am targeting SFR/Condos within 60k-100k price range.
If there is anything else I might be missing, please tell me.
Thank you so much,
Nicholas Spinner

Do you want to generate instant Equity and Passive Cash flow but don't know how to start? Or maybe you don't have the time?

I have a turn key system to help you build wealth through owning rental properties.
If you have cash and/or good credit contact me today so we can secure your future.

Call - [NUMBER REMOVED] - Mon/Wed/Fri 10am-3pm Saturday All Day.
or Send me an email by replying to this classified.

I'll leave you with my favorite quote.
"Success is where Preparation meets Opportunity" - Henry Hartman

Thank you,
Nicholas Spinner
Real Estate Investor

I would also like to know what people think about my form and any other comments you may have.

If you like it, I can walk you through how I did it. It is really easy and is automatically put into a spreadsheet. And I can use the form myself to quickly add people into the spreadsheet.

It is no problem. I was trying to get up to 5 posts without making random meaningless posts.

I really appreciate you taking the time to reply to my comments though.

Nicholas Spinner

I'm a wholesaler in San Fransisco Bay area and I'm always looking for new buyers. I recently implemented a form on my website to help me get information on my buyers quickly and easily. This is the form: http://buyers.spinnernicholas.com. The only required information is First and Last name. The more information you fill out, the better I can serve you. Please enter at least a phone/e-mail, otherwise I can't contact you. I will contact you within a day so I can fill in an extra information I need. All my deals are assignment of contract and well below FMV.
Thank you for taking the time to fill out my form,
Nicholas Spinner

I find it really frustrating that I need 5 posts to advertise my buyer's list in the buyer's list forum. Luckily, this is my 5th post.

Thank you!!!!