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Updated over 2 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Robert Cuomo
  • Lender
0
Votes |
7
Posts

Private Money Lender offering 100% Funding - Talk me out of it.

Robert Cuomo
  • Lender
Posted

I am currently offering 100% Flip Funding for Real Estate Investors. I provide 100% purchase money, closing costs, 100% rehab money with no payments till the property has been sold/refinanced and funded

I have been having second thoughts about doing this.

Talk me out of it

Most Popular Reply

User Stats

25
Posts
28
Votes
Tanner Cohen
  • Lender
  • Calabasas, CA
28
Votes |
25
Posts
Tanner Cohen
  • Lender
  • Calabasas, CA
Replied

@Robert Cuomo

Your risk exposure is high, I agree with @Stephanie Medellin you could be diversifying by parking that money in cash flowing and appreciating properties, and or offering equity financing, or even a mezzanine option with both debt and equity financing. Not sure what the minutia of your offerings looks like, but I am sure it carries a hefty origination and or interest rate.

@Joe S. has a good question, how successful has your business been? I am guessing not as well as it could be because you are posting on BP for people to talk you out of it... or you're finding a creative way to advertise on this amazing platform.  

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