All Forum Posts by: Jeff Lawlor

 Great! I'll reach out.

I'm leaning toward shorter terms, like 6 - 12 months. I will consider any strong deals, though.

I want to start with $125K just to get my feet wet. This will be the first loan for me. I'll have close to $1M available in the fall.

 I live in California. I don't think I need to limit myself to the state, though. I'd entertain an excellent loan in any state.

I'd like to enter the private/hard money market as an investor with money to lend. I don't want to find/underwrite/service the loans. I'll let a broker do that and earn a cut for their efforts. My problem is a lack of deal flow.

I reached out to private lenders in my community. Lots of deals "in the works" but nothing at the moment.

Unless find a way to get more deals in front of me, two things will happen:

* My money will sit idle while waiting for a deal, reducing my effective yield

* I may have to settle for a lower return among my few choices

How do I go about opening the deal flow floodgates?

Thanks, @Nathan Faselt! I think that's a great idea to start small. And this kind of build out can happen incrementally. I could even wait to build a new shed until a tenant requests it.

The approach makes sense to me and would make my property manager feel better. Her initial response to my proposal, "I don't want to enter the storage business."

I have an 8-plex with a large, fenced in plot of dirt sitting unused. I see opportunity in that dirt! I want to put up 7x7 storage sheds in the area for the tenants to rent. My preliminary numbers show I could bring in $325/mo if they are all rented.

I'm fighting hard to convince my property manager this is a good idea. I'd love to hear your thoughts- good idea or bad idea?

Here are the details:

* A 50 sq ft storage unit in the area rents between $56 and $120/mo. The more convenient the location, the higher the rent.

* These would be 49 sq ft sheds with the ultimate convenient location: Just outside your door!

* These are available for tenants only- not open to the general public

* We'd have a separate lease for the storage so that we only have to evict someone's stuff if the storage rent goes unpaid

* I expect we could fit 5 sheds in this area, rent them at $65/mo for a total of $325/mo

* According to my numbers, it would take 21 months to recoup the investment, then it's all cashflow (assuming they are fully rented)

Thanks, @Chris Seveney

I was expecting shares to sell at a discount in secondary markets, not a premium. Just thinking of the timeshare scenario.

Ideally, I would hold the shares to maturity. I just want to consider all my exit strategies before I invest.

Fractional REI companies (Roofstock, Arrived, etc) have caught my attention. What happens if I want to sell my shares? I'm concerned this is like trying to unload a timeshare where you get pennies on the dollar.

Arrived talked about a starting a secondary market for buying/selling shares. Are companies where they have a secondary market up and running? I'd love to see some secondary market pricing vs. buying directly from the company offering the shares.