First Transactional funding loan. 37% Return in 1 month!

[Scott Wolf]

Investment Info:

Single-family residence private money loan investment in Brooklyn.

Purchase price: $35,000
Cash invested: $35,000
Sale price: $48,000

I lent $35,000 to a wholesaler as transactional funding. The note of $35,000 was returned to me with a total of $13,000 additional in profit, representing a profit of 37.14%, or 445.71% annualized!
I will definitely be doing more of these loans in the future!

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

The loan was brought to me by a trusted RE attorney I work with.

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

Borrower and attorney presented the offer, and I accepted.

How did you finance this deal?

I was the lender

What was the outcome?

Success!

Lessons learned? Challenges?

Vetting borrowers is easy when brought to you by trusted referral partners