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All Forum Posts by: RM Brown

RM Brown has started 1 posts and replied 5 times.

Post: How do I become a hard money lender?

RM BrownPosted
  • Investor
  • Savannah, GA
  • Posts 5
  • Votes 2

Hey Darren! I'd appreciate it if you would send me some more info. Thanks!

Post: NEW Short-Term and Vacation Rental Forum!

RM BrownPosted
  • Investor
  • Savannah, GA
  • Posts 5
  • Votes 2

I also want to thank everyone who is responsible and has given their time and effort to start this forum...I think it will be immensely helpfull!! While being a relatively new...but older RE investor...I've owned a STVR in Savannah, Ga for several years and have come to find (unfortunately sometimes the HARD way!) that there are indeed distinct and unique opportunities, problems and differences in owning this category of RE. I've also been debating and exploring the possibilities of expanding my VR portfolio...and I'm really looking forward to connecting with others and learning from their experiences and wisdom.  Hopefully, I'll also be able to contribute and help others in some small way. Thanks again for starting this forum...it was really needed!!!

Post: Meridian Pacific???

RM BrownPosted
  • Investor
  • Savannah, GA
  • Posts 5
  • Votes 2

Thanks Jeremy for both the welcome AND the thread...appreciate it!

Post: Meridian Pacific???

RM BrownPosted
  • Investor
  • Savannah, GA
  • Posts 5
  • Votes 2

Hello. Has anyone had any experience with Meridian Pacific Investment Properties? Has anyone bought any of their properties...used their rehab services and/or their property management? Were their renovations thorough and up to par? Were the already placed tenants fully vetted...any problems...Evictions, etc? I would appreciate any and all ...good or bad ...experiences anyone has had with this company. Thank you...appreciate your help!

Post: Real Life of a Private Lender

RM BrownPosted
  • Investor
  • Savannah, GA
  • Posts 5
  • Votes 2
Originally posted by @Wendell De Guzman:
Originally posted by @Cody Steck:

Wow this thread is great!

Sorry if this has already been covered, but what kind of terms are you offering to investors who invest their cash with you to lend out? Are you giving them the full interest return from a loan and you are getting paid on the points in the transaction? Or how does that work?

 Cody, with one specific investor who is already lending his money at 14% interest, I will just broker the transaction and charge 4 points. That means the lender lends money to my borrower not to me. The borrower pays me 4 points and he pays the lender 14% interest p.a.

Agreed Cody, this is a great and very interesting thread! 

Wendell, I'm curious as to how the borrowers are vetted...how you match lenders to borrowers...the typical $ and length of the loan...and if any of the loans you have brokered have defaulted? Thanks...appreciate the information!