All Forum Posts by: Jennifer Ryan

 I get what people are saying about the profile although.

You can't trust a picture or what people say sometimes. Years ago I had a neighbor who was on a chat site and she was overweight so she put a swim suit model in her profile pic and people thought it was her.

I thought that was wrong.  

To get back on topic I can understand why asking about private loans would make some people uncomfortable.  Because there are a lot of horrible people . It's too bad because it makes people who are genuine and good suffer sometimes. That's life.  

Had originally thought well everything could be proven. With identification, deeds and lawyers.

I Would never do anything like that without legal back up.

I'll just go through a bank.

A few people were understanding on this thread. 

Good luck to everyone who was decent that posted on this thread.

Thank you for your time.

Ned Carey. I get having to filter. Thank you for trying to help. 

What am I supossed to do on this forum? So far It's like being a stranger in a gated community.  

I'd go to REIA's but they are hours away.

Kind of feel like I'm going in circles here if I'm being honest.

I've learned some stuff from the podcasts. 

I listen to and read everything I can on real estate investing, I own investment property, I'm a landlord,  I've had mostly good renters, I've flipped houses. So what?

I

I got a bit of a back lash on my post for going on Bigger Pockets and asking about private equity lenders. 

I was told by a few people Private lenders are only people you know personally. 

Yet I had read a Bigger Pockets article posted by Ankit Duggal, Sept 14 2019 called: Private Money Lenders: Who They Are & 3 Feasible Ways to Find Them.

It mentions The 3 Private Money Lending Circles.

1.Primary circle : friends and family.

2. Secondary Circle: Friends and colleags of friends.

3. Third party circle: Investers you don't know yet.

It's worth a read. 

So who's right?

Cody L. " No need for pro"

Wasn't expecting that.

Thank you 

Scott Kimberly.

That's for sure.  I've been trying to see if it's worth it all the hype.

I can get all the information on here by searching the net and it's less cumbersome.

The podcasts makes it sound great
Now it only seems like a big advertisement to get people to pay for pro. and nobody is honest about it because everyone is trying to get aproval and be a part of the team. 

So maybe if I get Pro, have 100k or more posts own  50 houses, 200 apartment units with at least a few million in the bank. Then maybe there would be some approval. 

The podcast is very inspiring but this forum makes me not want to listen to the podcast anymore and I've been listening for years to Josh Dorkin and Brandon Turner and just as I was about to type Mindy Jenson.  Mindy herself tells me I'm in the wrong forum when I thought I clicked on the section for this discussion and that my post will be removed.

I don't know what to say about that but this forum has changed my opinion of Bigger Pockets

The biggest thing I've learned on Bigger Pockets is

Don't listen to nay sayers! 

Don't tell me why I can't

Tell me how I can.

Thank you Andrew S.

I get what you're saying.

Although there are wealthy people willing to take a risk out there if someone has full equity, So I heard on the podcast. 

With  high interest and a house for almost nothing if a loan is not paid off, it's a great deal for a real estate investor.

Can't get that kind of return with stocks.

Guess not any low risk takers on Bigger Pockets, like you said.

Josh Dorkin said there were plenty of people with a lot of money wanting to help people and get a return. 

Because during the ressesion even good credit investors couldn't get conventional loans. 

Which increased private lending.

As far as I understood it,  a Private lender is just a regular person with enough money to lend.

I'd help someone who had full equity in several houses with higher interest if I had a huge amount of money and the house had good profit potential.

Almost every investor on the podcast says persistence pays. Guess time will tell.

If I didn't have the a lot of equity,  I wouldn't of posted this comment.

Thank you for your reply. 

Maybe someday I'll be on the podcast telling this before story.

Heres to success in real estate investing. 🏡🏠🏡

Jay Hinrich, " YOur confused as to what private equity is, that's evident."  So please explain so I'm less confused, what don't I understand? 

Jay Hinrich you're comment was kind of rude.

I'm new to this forum,  I'm here looking for resources and to learn. 

What kind of people are on this forum? 

Josh and Brandon sure give a different impression about it.

Guess I shouldn't blame the entire forum, I'm sure there are great people on here somewhere.

Please explain Jay Hinrichs.

"YOur confused as to what private equity is. That's evident." 

Please explain.  Or someone else please explain.

Here to learn.

Looking for  private equity lenders to fix rental properties.

These properties were purchased and inherited from family.

Fixed the properties from 70's disasters to neutral modern.

Had never thought of using equity until my credit score took a hit when some big repairs came up that were too much to fix with rental income.

Banks said they're interested, just need to bring  score up 100 points. Catch 22. The rentals have been my income. Before I started listing every podcast listened to,  I Listened to a guy on Bigger Pockets talk about getting a private equity loan to pay off credit, got credit fixed, got a loan from the bank and paid the private equity lender and purchased more rentals. Looking for 30 year fixed rate but plan to pay off Private loan right away, get a bank loan, pay private lender, purchase more rentals.  Then  one day I will do the same for someone else.