PML deal #4 closed out!

[Greg Moran]

Investment Info:

Single-family residence private money loan investment in Newport News.

Cash invested: $75,000

Contributors:
Marsay Winder

Private money loan with Marsay Winder, aka the Property Pastor.

What made you interested in investing in this type of deal?

Purely Passive on my part

How did you finance this deal?

Self-directed ROTH IRA

What was the outcome?

UPDATE: (2/11/2022) First time homebuyer got cold feet, which dragged out our exit strategy, but it was simple to refinance out of this deal instead.

Lessons learned? Challenges?

Lesson learned during closing: ensure the title company has the electronic payout instructions because they tried to FedEx a physical check which had to go through my "accounts receivable" adding 5 business days to get the money into my account.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@marsay winder