Private Money Loan Long Term Rental Bodfish, CA

[Stephen Hale]

Investment Info:

Single-family residence private money loan investment.

Purchase price: $65,000
Cash invested: $40,000
Sale price: $65,000

Provided a hard money loan to an investor looking to purchase a rental. Originated the deal and brokered it out to a private party.

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

Long term borrower with a history of paying loans on time

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

Through my relationship with the borrower

How did you finance this deal?

Private Money Investor

How did you add value to the deal?

Sourcing both the borrower and investor

What was the outcome?

Closed deal and regular payments from the borrower

Lessons learned? Challenges?

Always require a septic certification as well as a pump inspection. The septic was cracked and the leach line test failed. Borrower had it fixed and recertified to close the deal

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

Pablo Vargas of the Pablo Vargas Real Estate Team in Bakersfield, CA