All Forum Posts by: Michael Ohara

It means he's looking for a mortgage loan for under 50K. Most (all?) conventional lenders typically don't lend on such a small amount. Their minimums are around $75K. I have access to private money that will do loans under $50K but the property must be NOO and owned by an entity.

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@Andrew R Tillett I use Salesmate.io. I zap my leads from carrot site and FB. I like that I can call, text and email from inside the crm.

@Gerald Koonce this is a possibility. I’d love to learn more. Send me a message if you’re still looking.

@Nick Furry I have access to private money that can do a low-minimum loan - down to $30k. If the property is NOO and owned by an entity, I might be able to help. All the best.

@Felipe Torres did you ever find someone to help find your project?

@Brian Williams

Did you find an asset-based lender? If you’re looking for a lower minimum amount I might be able to help. All the best.

Ok, I might be able to help with these smaller amounts. If you want, send me a message and we can connect there.

@Tonya Jones your experience counts too. Inexperience investors will get higher rates because of the higher risk. Without knowing details about the deal, those terms aren't extravagant, nor are they on the cheaper end.  The down payment seems pricey though.  Send me a message if you want and I might be able to help.  All the best.

Maybe you could give them an equity split so they get a piece of the action when you exit.  Might be enticing if you're rates are lower.

HML are definitely slowing down, or drying up. I work with a group of private money investors and their still charging ahead with asset-based loans.