All Forum Posts by: Travis Mullenix

@Travis Mullenix

I haven't but wanted to know if you have had experience in private lending before? If not, you will want to be sure to define your own deal preferences and risk tolerance. Some hard money lenders lend at pretty high LTVs, leaving little equity buffer to protect your principal. Other KPIs and considerations you should evaluate when talking to any lender who offered private placement of loans/notes are historic default rate, how quickly they can place your funds (do you get preference over their income funds, for example), average interest rate - borrower note rate and what is passed through to you, are loans serviced by a 3rd party servicer or in house. There's a lot more but I thought I would share a few thoughts, in case you haven't had previous experiences investing with a lender.

@Travis Mullenix I was just reviewing my blog of over 300 articles, not one yet on building a fund :) So I'll put that together, thanks for the inspiration!

But I digress, it depends on what you want to do. There are few sources out there from blog articles, to paid masterminds. Just have to decide what you looking for...

Funds are typically close-ended, open-ended. Whereby, some end after say 12 months and some go for 5-10 years or are evergreen.

Funds can be fund of funds, whereby you invest in another persons deal.

Funds can be single entity focused, investing in 1-2 properties.

Funds can be blind funds, whereby you invest in multiple assets and the investor is "blind" to the choice.

etc...

Typically, if you want to set up a good fund, you will want to talk to a securities attorney who can draft one in accordance with SEC regulations. You can go hunt for these contacts with a simple Google search or ask for securities attorney referrals on this platform regarding fund creation.

Alternatively, companies like Avestor, NAV, or Assure(although they are closing up shop) offer all in one solutions to create/manage funds. 

Happy to share some links, but they'll be taken down here if I post. 

@Bob Barr you're welcome to check out Invelo for free. We just launched a partnership with BiggerPockets and we have the ability to pull lists within the platform. We use the same data as Batch or Propstream. Let me know if you have any questions.