PML #6 Branching Out to North Carolina

[Greg Moran]

Investment Info:

Single-family residence private money loan investment.

Purchase price: $87k

Contributors:
Marsay Winder

(03/02/2022) Private Money Loan Deal #6, with Marsay aka the Property Pastor (check him out: https://www.youtube.com/c/ThePropertyPastor/videos). This property is the next in a long list of ongoing flips that he bought for cash at $0.40 on the dollar, while planning to refi out some equity to BRRRR. Note: He's gotten to the point where his pipeline of good deals is beyond his capacity to take them on, so he gets to be more selective with the properties.

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

Strictly passive income.

How did you find this deal and how did you negotiate it?

Marsay brought me the property looking for a PML

How did you finance this deal?

Cash from my SD-IRA (Roth)

How did you add value to the deal?

Liquid capital available, at favorable rates.

What was the outcome?

We're just getting started...

Lessons learned? Challenges?

TBD