Diary of a turn-key realty!!!

[Andre Key]

Group,

I have an area of opportunity that I need to seek the opinion of the group.  My wife and I work together as a real estate team and she has the license and I invest.  We work with listings here in Austin, Texas and lately we have been finding clients that need work done to their homes, cosmetics like paint, curb appeal and flooring, fixtures, declutter etc.... Now because of the nature of the Austin market where people are getting over asking price for their homes, we want to help these folks get maximum dollar on there investment. Our niche has been helping those who don't have much of a budget, get their homes presentable so that their homes can sell quickly and efficiently.  A lot of time we use our own money, our crew and get the work done for them cheaply we usually collect for material and labor at closing.  This assistance we provide has made many families happy, however I am spreading labor, money and resources because I have several clients like this all at once and more coming down the pipeline because of the referrals.  

Theses jobs are not costly on average $3K-$5K, however I would like to know if anyone knows of a lender (person) that would be willing to take a risk and loan money to these families at a certain interest so that we can get these jobs done quickly.  Im sure there are things that a lender can do to mitigate risk like maybe put a lien on the property.  We have been selling our properties in days after doing the work but this can be lucrative for a partner or investor that wouldn't mind investing on a dozen of these small deals a year.

The details are vague here but has anyone heard of anything like this before, I would like to hear your feedback.

[Account Closed]

The problem is there are a lot of laws around predatory lending that would stop a private investor making a large number of small loans to individual homeowners. And if you stay within usury limits which is 10%/year in CA, a 3K loan for 3 months is not even worth $100. Totally not worth the effort.