All Forum Posts by: James Lord

We are an investment company and general contractor in Phoenix. We have multiple projects and from time to time have need for small, short term payroll loans. Minimum commitment is $10,000, we will take on up to 11 lenders interested ($110K total). The way it works is we will pay you 1% per month on what you agree to lend (proof of funds required). Should we require the funds at a later date, we secure you with a lien against a specific property and pay 10% per month until repaid on the money. The agreement is either until sale or next draw. So if you loaned $10K, it would pay $100 per month when not being used and then $1K per month if it is used. The agreement is for six months (you will keep the money available). If interested, let us know and we will provide more details.

Hi guys, 

So the way this works is like this: 

We allow people to work with us as financial partners. We do it either as debt or as equity, depending on the deal. We have deals that range from $15,000 to $150,000, depending on what you are looking for. Equity deals are paid based on the return on the project, debt deals are a fixed rate. For example, if you are equity on a $350,000 house. Most of these deals are presold. Let’s say you have $35,000 invested in the project, you would get 10% of the profits. Typically those deals are between 45-90 days, normally depending on the size. So if we made $60,000, you would get $6,000 of the $60K.

On debt, say it was a loan and say it was based at $6K as interest. That $6K pays no matter if it is $60 we make or $110K.

I can give you a call tomorrow (Monday) if that works for you and talk further!

Jim Lord

480-202-6982

I am Jim with Real Estate Consultants, we flip homes in the Phoenix area. Currently I have over 40 homes and just purchased another. I am looking for a partner on the flip who can invest $105K into the deal with an preferred return of $20,000 within four months. We are licensed general, plumbing, electrical and HVAC contractors, the home will make approximately $40,000 and this is an 50/50 equity split, based on a minimum $20K return for you preferred over our return. Looking to complete this deal ASAP. 

I am looking for someone interested in taking 7.5 million in notes. We are a flipping company with 38 properties. LTV are 60% - 65%. Homes are all in Phoenix market. We are looking to clear 7.5 off our current lenders book and refinance it at 10% with somoene else. We pay well, monthly. All are single family homes, would be about 30 properties total. This could be a recurring sale if it works out.

Guaranteed Renter by REI Holdings Group is the solution for the modern day real estate investor who is looking for all the benefits of having a long term residential rental property without the "headaches" or concerns usually associated with owning a rental. With things like vacancies, bad tenants, evictions, maintenance and repair costs, middle of the night phone calls, destroyed properties, high property management fees, unpredictable market conditions, and more, it can be enough to make a person want to run the other way. But, not with Guaranteed Renter!

With this program, you get to keep all the benefits of rental property ownership without any of those problems. You will get monthly cash flow income, tax benefits from depreciation, appreciation, as well as equity gain as someone else pays down the mortgage every month. And the best part is that you will get all these benefits without all of the work and hassle and worry free!

Here's how it works. REI Holdings Group has "turn-key" properties available and ready to go into a your portfolio as a performing rental investment. These properties have been renovated by a licensed general contractor to ensure move-in ready conditions as well as prevent any issues from failures of any housing systems (roof, A/C, windows, electric, etc). The properties have also been researched and underwritten by our team to be a great fit as a rental, lease/option rental, room rental, or short term/vacation rental depending on which strategy is best suited for the area, market, and rental rates. As an investor, you will purchase one of these properties and then we will rent the property directly from you so you know that your monthly rental payment is always on time and in your "pocket." From there, we will take care of the rest! Our goal is to be a partner with you in your property so we handle the maintenance and upkeep of your property, sublet leasing of the property for best income generation, rent collection, all tenant issues or needs, and if the need should arise, we take care of any evictions or repairs from destructive tenants. You just sit back and enjoy your guaranteed monthly income from your Guaranteed Renter!

www.guaranteedrenter.com
(480) 648-3378

We seek partners in fractional real estate investment deals. Investors will participate in a trust which is a member of a Arizona LLC which owns income properties in the Phoenix area. Minimum investment is $1,000. ROI is 6% per year + (most properties project 14%+) and investors receive all benefits of rentals without the nonsense of being a landlord. This video better explains our company

We seek partners in fractional real estate investment deals. Investors will participate in a trust which is a member of a Arizona LLC which owns income properties in the Phoenix area. Minimum investment is $1,000. ROI is 6% per year + (most properties project 14%+) and investors receive all benefits of rentals without the nonsense of being a landlord. This video better explains our company

We have all heard it, write down your goals or they are just dreams. My question for many years was simply and then what? I wrote down goals all the time, posted them to walls, in my top desk drawer, on mirrors, said them like a yoga mantra only to not see them materialize, well, until I figured out you must build a road map to the goal.

I use what I call a pyramid system. I start with my design at the top. What is my goal? When I first got into real estate, the goal was to make $5,000 per month. That is about what I needed to live fairly well. So that is what I teach my team, start with a dollar figure of what would make your life good.

You place that number on top. The second row is a little larger as it represents the final work to make your goal. So in Real Estate in Arizona, $5,000 per month represents (1) average sale per month at 2% commission. So that is the final block of getting to the top of my pyramid, 1 transaction per month. Knowing that about 1 in 10 leads convert to sales, that is the next block. I know to reach my $5,000, I need to have 10 warm leads, to get 10 warm leans I know I will need to speak to approximately 100 prospects and to find 100 prospects I know that I will need to speak to about 5,000 cold calls which represents the bottom of my pyramid and the starting point to my goal.

I now know that to reach my one sale per month, on average, I need 5,000 people per month to see my name and know I am in real estate, talk to 100 of those people, search for homes for 10 of those people and I will most likely close one. I also know, that if i continue on this path, the numbers of conversions will increase and contacts, prospects and leads will require less work but that is a story for another day.

By having a simple road map to our goals, they become very simple to obtain and light the sometimes dark road to reaching them

@Scott Jensen that is funny as my wife's uncle was a Chemical Engineer and worked in the patent offices at 3M, he would have been there about that time, recently retired from there (past 5 years). 

In 1968, a Minnesota based company was trying to invent a new type of adhesive and did, although they initially believed it to be somewhat worthless. The inventor, a chemist by the name of Spencer Silver had invented a glue which was strong enough to hold light weight items together but weak enough to allow them to be separated without damage.

Mr. Arthur Fry, another company employee sang in his church choir, he began using the adhesive to hold his place. Later he would glue several pieces of scrap paper together for his secretary, as a way she could keep important hand-written notes posted in areas easy to get to. The secretary liked the pads so much she showed them to others in the secretarial pool, soon the pads were throughout the offices at the Minnesota Mining and Mineral company headquarters.

Eventually, the pads made their way to the secretary of the CEO of 3M and she made sure her boss knew of the value of the invention, which was only being used by 3M employees. Seeing the value of the item, the CEO, began the process of marketing the new invention to consumers and 3M companies introduced to Post It Note.

Clearly, some of the best inventions are those we never thought were good ideas.