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All Forum Posts by: Jason Clark

Jason Clark has started 1 posts and replied 2 times.

Private Lending & Conventional Mortgage Advice

Post: Hard Money Loans

Jason ClarkPosted
  • Real Estate Investor
  • Weston, FL
  • Posts 2
  • Votes 0

Try econohomes.com. they have some interesting products with no pre pays. Only for investment properties under 110k.

0 Votes
Real Estate Deal Analysis & Advice

Post: How to dispurse shares of an LLC.

Jason ClarkPosted
  • Real Estate Investor
  • Weston, FL
  • Posts 2
  • Votes 0

Ok. I have two private investors that want to invest $25K a piece. Along with my $25K ($75K Total) to purchase a home re hab it and sell for profit. I am curious to know to dispurse shares of the LLC that I created to reflect the investment made by my private investors.
The deal is that I will locate a property and manage the purchase,re hab and sale of the home. In return I will pay out 10% simple interest for the use of their funds.
I know these investors personally so I would like to protect them and their investment. Would I just offer a note/lien against the property for their investment plus the 10% interest pay out?

0 Votes