First Hard Money Lending Opportunity!

[Kristen Shook]

Happy Sunday fellow Investors!

My real estate agent reached out to me moments ago as I was working my regular 9-5 job. I have been keeping him up to date with my financial journey as well as my hopes/goals for my next investment property purchase. Knowing I am stacking and saving my money at the moment, he proposed the following lending opportunity:

He is preparing to close on a duplex and needs to come up with $5k to close. If I am able to lend, he will make payments of $125/month until June, at which point he will make the full $5k payment back to me in whole. My overall money made from this loan will be $625 within a 5 month period. This will be about a 12.5% ROI. Comparing this to my savings or Money Market accounts at .15% a YEAR, lending, rather than having the money continue to sit in the bank account, will be a much better way to gain quick interest on my money.

Not only will this be my first true opportunity to allow my money to work for me, other than random stock investing, I will also be building rapport with a local real estate investor and professional. Being able to show my interest and seriousness on investing, helping, and being open to opportunities, I am further developing my professional relationship with him. 

Two lessons here:

• Share your progress and goals with those you trust.
• Be open and available to opportunities as they come.

Although this is not a mind blowing concept or opportunity, it is the first time I've been approached with it. I felt it was important to share with others who are beginning. 

Feel free to let me know your thoughts and/or share your experience!! 

Thanks for reading,

K. Shook