All Forum Posts by: Thomas Richardson
Thomas Richardson has started 3 posts and replied 12 times.
Post: New Private Money Lender Seeking to Fund Small Deals
- Posts 12
- Votes 10
Stanley, just sent you a private message.
Quote from @Carlos Lissimore:
Hello Olivia Stanchina
I'm a private money lender can help you navigate this process when are you available to chat
Quote from @Araceli Gutierrez:
Hello Olivia,
I’m a private lender and have capital I need to deploy in a real estate deal sooner than later. Are you currently on the market for funding? Any deals in the works that you need money for? Or, any free and clear assets that you’d maybe like to leverage with cash-out refinance? Please text me at 832-297-5607
Quote from @Araceli Gutierrez:
Hello Olivia,
I’m a private lender and have capital I need to deploy in a real estate deal sooner than later. Are you currently on the market for funding? Any deals in the works that you need money for? Or, any free and clear assets that you’d maybe like to leverage with cash-out refinance? Please text me at 832-297-5607
Post: Private money lending
- Posts 12
- Votes 10
Quote from @Chris Seveney:
Quote from @Thomas Richardson:
Can anyone offer some advice on private money lending? I find good deals more often than I can afford to purchase them. I know that there are people out there who would be interested in investing with me, but I don’t know where to begin with private money lending. Ive never been good at pitching people for money. The area I invest in produces good cash flow and good appreciation as well. Please offer any suggestions or wisdom! Thanks.
What is the LTV?
Borrower credit?
Borrower experience?
Post: Private money lending
- Posts 12
- Votes 10
Quote from @Jay Hurst:
Quote from @Thomas Richardson:
Can anyone offer some advice on private money lending? I find good deals more often than I can afford to purchase them. I know that there are people out there who would be interested in investing with me, but I don’t know where to begin with private money lending. Ive never been good at pitching people for money. The area I invest in produces good cash flow and good appreciation as well. Please offer any suggestions or wisdom! Thanks.
I stay in outer atlanta markets.
Post: Private money lending
- Posts 12
- Votes 10
Quote from @Adam Schneider:
Your note mentions good cash flow. Assuming you are keeping them, you'll want to familiarize yourself with the BRRR method--both in terms of concept and actual tips and traps. Essentially, you'll use a short term loan for the acquisition and rehab. Once you have stabilized the property and satisfied long-term loan seasoning requirements of the bank, you'll refi to the less expensive long term lender.
Post: Private money lending
- Posts 12
- Votes 10
Would typically be rehab loans.
Post: Private money lending
- Posts 12
- Votes 10
Quote from @Mike Grudzien:
Thomas,
Check out @Beth Johnson and her book, "the bible of private money lending": "Lend To Live". She's here on BiggerPockets too.
Mike
Post: Private money lending
- Posts 12
- Votes 10
Can anyone offer some advice on private money lending? I find good deals more often than I can afford to purchase them. I know that there are people out there who would be interested in investing with me, but I don’t know where to begin with private money lending. Ive never been good at pitching people for money. The area I invest in produces good cash flow and good appreciation as well. Please offer any suggestions or wisdom! Thanks.