All Forum Posts by: Kala Samuel

✅ 1st Lien Position is Key – Ensure your loan is recorded as a first-position lien to protect your investment.
✅ Realistic Timeline – Renovations and sales often take longer than expected. A 6-month term instead of 90 days might provide a better buffer.
✅ Legal Protection – Work with a closing attorney to draft a promissory note and mortgage agreement to secure the loan.
✅ Interest Structure – A flat 20% fee on $15K is only $3K. If risk is a concern, adjusting the fee or requiring a higher return might make it more worthwhile.

If everything checks out, this could be a solid short-term lending opportunity with a strong ROI.

She's sending over a drafted promissory note and mortgage lien. She showed the work she's already had done on the property. She's sending pics and numbers for the remaining work to be done, too. Honestly, she is just in a bind. Thanks for the input! I've never done private lending, so it's a little new sending chunks of money to strangers!!

1 Vote

Charleston, South Carolina

I have been presented with the opportunity to Lend to an investor on a property she owns free and clear.

"I am looking for a short term 90 day or less loan secured by the property for rehab costs of $15,000 @ 20% flat fee interest on a property I own free and clear. My goal is to finish the work in 30 days or less and then list it and sell it. We will do a promissory note with personal guarantee and a mortgage note lien to secure the funds you the house.

Purchased $190k

Repairs $25k

(I’ve put $10k of my own money in repairs already)

Selling for $279k"

what do i need to consider? Any tips?

2 Votes

Charleston, South Carolina

I have been presented with the opportunity to Lend to an investor on a property she owns free and clear.

Purchased $190k

Repairs $25k

(I’ve put $10k of my own money in repairs already)

Selling for $279k"

what do i need to consider? Any tips?

0 Votes

Charleston, South Carolina

Quote from @Mitchell Hein:

You are already in the right place in the BP forums, but try to consume as much podcast and reading material as you can. My favorite book and the one that got me started was Set For Life by Scott Trench (a Bigger Pockets book).

Also, if you are in the position to do so, house hacking is a great way to get started! The goal would be to find a duplex in your area, live in one side and rent out the other. Your remaining mortgage will be smaller than you would typically pay somewhere else in rent and you will have your tenant on the other side helping to pay off the rest of the mortgage.

Thank you Mitchell for the reading suggestion. I'm definitely going to look into it.

I'm past the point of house hacking though 😅 My family wouldn't fit in a duplex. We've outgrown our 3 bedroom! I'm going to keep this method in mind when my children are ready to leave the nest.

1 Vote

Charleston, South Carolina

Quote from @River Sava:

Welcome, Kala!

Have you considered what type of strategy you want to take on first (house hack, BRRRR, flip, STR, etc)? Highly suggest looking into meetups near you to build your network/team as you start out. Happy to connect with you!

Hi River! I have my eye on a cute little two bedroom to rehab for my mother in law. I want to use the BRRRR strategy. I have my realtor and contractor on board. I'm searching for a lender for the project currently. Do you know any lenders for new investors?

0 Votes

Charleston, South Carolina

Good morning!! I'm so excited about this new endeavor into real estate investment and entrepreneurship. My partner and I are complete newbies. Any advice would be helpful!! Looking to start ASAP :)

2 Votes

Charleston, South Carolina

All Forum Posts by: Kala Samuel

Kala Samuel has started 3 posts and replied 16 times.

Post: To Lend or Not to Lend

Post: To Lend or Not to Lend

Post: To Lend or Not to Lend

Post: New Investor on the Block

Post: New Investor on the Block

Post: New Investor on the Block