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Updated 11 months ago on . Most recent reply

Kristi Tietz's profile image
Kristi Tietz's profile image
Kristi Tietz
  • Member since Dec 14, 2021
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Kristi Tietz's profile image
Kristi Tietz's profile image
Kristi Tietz
  • Member since Dec 14, 2021
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Kristi Tietz
9
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Private Lending & Conventional Mortgage Advice

Question regarding short term EMD lending or “gator lending”

Kristi Tietz
Posted

Hi everyone, I'm a novice investor just getting started and it seems like short term EMD lending or "gator lending" is a great way to go. I have an investor looking to borrow 10k for an EMD in Austin, TX. Is there an easy way to go about that and what is a reasonable amount to ask back on a 30 or 60 day loan? I'm what about contracts/legality? Thank you in advance!

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Dane Barney's profile image
Dane Barney's profile image
Dane Barney
  • Lender
  • from Benson, AZ
  • Member since Nov 16, 2019
  • Posts 5
  • Votes 31
  • Experience 5 Yrs
  • Investments 1
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Dane Barney's profile image
Dane Barney's profile image
Dane Barney
  • Lender
  • from Benson, AZ
  • Member since Nov 16, 2019
  • Posts 5
  • Votes 31
  • Experience 5 Yrs
  • Investments 1
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Dane Barney
  • Lender
  • Benson, AZ
31
Votes |
5
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Dane Barney
  • Lender
  • Benson, AZ
Replied

Hi Kristi, 

I am gator lending! Not a bad idea at all! You have got to be sure your contracts and terms are solid and ran through title to be sure you are protected. 

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