All Forum Posts by: Virginia VanOeveren

Hi Vincent! I'm willing to connect, are you delving into real estate projects? I'd be happy to assist you and discuss about different options that might align your needs! Let's chat!

0 Votes

Hi Marcus! I'm willing to connect with you and discuss about different options that might align with your needs! Let's chat

0 Votes

Charlotte, North Carolina

- Typically, you’ll need to provide details about the property or project, your financial situation, a business plan or project proposal, and possibly personal and financial references.

I'm willing to connect to discuss more about different options and other requirements you'll need if you're looking for a private money lender! Let's connect and Discuss about it!!

3 Votes

Quote from @Miguelli Fernandez:

Southern California based but looking into buying SF or MF in Cleveland. Have multiple local lender options but considering the lender my agent is recommending. Aside from the lender being vetted by the agent already, are there any other positives or negatives to using a lender in the market im looking into?

Hi Miguelli, I'm willing to connect with you to discuss more about the loan you're interested about!

0 Votes

Cleveland, Ohio

Have you encountered challenges with high-interest rates in private lending? How did you handle or minimize these expenses?

1 Vote

Quote from @Michael Gonda:

Hi everyone

Wow, it's been over a decade since I was on BP, nice to be back.

My business partner and I have a fairly large portfolio of SFH's that we purchased as rehab projects using hard money. After doing this for 15+ years, almost all of our properties are paid off. As we get older, we no longer have the desire to add more homes to our portfolio.

That said, with our experience doing rehabs, working with private funding and with the majority of our homes paid off, we are now in a good place to start offering investment funding ourselves. But obviously, we have spent the better part of 20 years on the buyer's side of the table, so we are looking for some general advice, tips/tricks, or even the pitfalls of setting up a hard money lending arm to augment our current business model.

As you can imagine, we already have an attorney who specializes in real estate and an accountant who is well-versed in rental property accounting best practices (but she admits she doesn't have a lot of experience on the private lending side of the business).

Are there any good materials (books, websites, etc.) you might recommend? Any general advice you can share on getting this ball rolling? We have a fair amount of money to lend and we want to see about getting things moving. For the record, we are very comfortable with our local market in Pittsburgh PA so for the time being we will be sticking to loans in the region.

Thoughts?

Thanks for reading

HI Michael! Welcome back to BP!
It’s great to hear about your transition into the hard money lending space. Given your extensive experience, you’re already in a strong position. Here are a few tips to help you:
- Market Research: Study the local hard money lending market to understand competition, typical loan terms, and borrower expectations.
- Loan Structure: Define your lending criteria clearly—interest rates, LTV ratios, fees, and terms. Transparency helps build trust with borrowers.
- Networking: Build relationships with real estate agents, rehabbers, and other investors to source potential borrowers.

Best of luck with your new venture!

0 Votes

Pittsburgh, Pennsylvania

Have you ever considered using private money loans for your real estate deals? How was the experience?

1 Vote

Quote from @Vincent Antonyraj:

I’m looking to borrow money for an investment and looking to borrow 300k at competitive interest rates.

Hi Vincent! What kind of investment property are you looking to finance? Let's connect! I'd be happy to help

0 Votes

All Forum Posts by: Virginia VanOeveren

Virginia VanOeveren has started 9 posts and replied 19 times.

Post: Looking for Lender

Post: Looking for private money

Post: Need Private Lender for 35K down payment on 105K House Purchase

Post: What documents or information will I need to provide to a private money lender?

Post: Brand New Investor looking for Lender

Post: Thoughts about Financing Solutions

Post: Starting out as a private investor

Post: Experience using Private Money Loans

Post: Looking for private money