All Forum Posts by: Matt B.

direct to the source, not store😅

I was just curious if anyone has had experience Directly contacting insurance companies to inquire about getting capital to finance an investment property? 

this, as opposed to going to a private money lender or hard money lender who is probably using an insurance company or other people to get the money

I've never really tried to myself, but in my mind, it makes more sense to go direct to the store, as opposed to going through a middleman

I'm not sure if this works or if they only work with banks and lenders. If it is a common practice, then I'm more curious about the terms and conditions that I could expect from a standard insurance company

Thanks

@Jonathan Hulen 

Panic is pretty high here, most people stay indoors and are waiting for better news.  most places are closed, and the few that are open you can't enter without a mask

I just look at the numbers, and that keeps me level headed about everything

Media is blowing this way out of proportion in my opinion, and people just believe whatever they see

After seeing the stock market plunge this past week I was curious how much this has been affecting the RE market in the US? 

im in quarantine in China as we speak and don't have much access to outside news besides my (nearly broken) phone. 

I've been working on  RE deal and my lawyer is working on the PSA。 Could this be a hidden opportunity in that I could renegotiate for a lower price? 

wow, thanks everyone for the responses, learning a lot here. 

@derek @Shiloh. what's a common rate of return for the investor?  I'm sure it varies depending on the project.  Also with the agreements you mentioned @ Derek, if the deal goes bad, what would your company (or an average lender) be liable to the investor for? 

@Jeff, I'm familiar with syndicated equity and how one earns from that, but I wasn't sure what differences there would for a smaller fix & flip, as opposed to large multimillion syndicated commercial project. At this point im just trying to learn more about it (risks, typical returns for various projects, who is liable for what if a deal goes south, etc...).  As mentioned in my OP, the amount was only 200k 

thanks again

many of us here are trying to create multiple sources of income, with that said, I was wondering if private investors with let's say, 200K or more of excess capital partner with private lenders or hard money lenders on real estate financing?  

for example, as opposed to starting my own lending company and getting all the required licenses, I could just make an agreement with a lending company and say I have xxx amount of money that you're welcome to use for xxx amount of real estate financing loans, provided I get an X'% guaranteed return. 

private person ----> lender-----> lendee

I want to know if this is a common practice? If this is a common practice, what are usually some of the terms and conditions in this sort of agreement? also in the situation that the Lendee defaults, who would be liable for what?

I'm in China where this is all happening.  The virus isn't as scary as everything else it affects. closed down highways, busses, cancelled flights, most businesses are closed too. 

its being contained quite well

I'm familiar with a few, but just seeing what else is out there that I haven't tried

feel free to add to the list

residential: MLS, Zillow, trulia, redfin

commercial: MLS, Loopnet

Goal is to close my first deal (commercial)  and use the rental income to build up my business so I can spend more time focusing on real estate and closing more deals. 

It allows you to find/meet people similar to yourself (future plans, self driven, goal oriented, etc)  and distance yourself from those who aren't