All Forum Posts by: Jorge Farinas

I do 2nds all the time but it's not for everyone and there's a ton of risk to navigate. But personally in my state of WA, I can lend in 2nd position on a rental at very low CLTV and put a 1st on a new acquisition at a low LTV and I would take that loan all day, every day over a 1st position on an acquisition at 85% LTC. Just my two cents, though. If you want to brush up on PML, I suggest you check out my book Lend to Live: Earn Hassle-free, Passive Income in Real Estate with Private Money Lending available on the BiggerPockets book store. It's super comprehensive and I've been told by experienced PMLs that they've still learned a thing or two, as well! Feel free to reach out to me if you want to discuss 2nds and if it's something you'd want to explore. I never do it behind hard money and I always keep my terms short and my LTV's low. But depends on the state your lending in, too.

2nd liens are the best way to lose your money, are you lending personally, or are you working as a broker? 

2nd liens are the best way to lose your money, are you lending personally, or are you working as a broker?