All Forum Posts by: Nate Marshall

There also should be a separation of say an individual private lender and a more institutional one who has to file with the SEC and may be regulated even at the state level. If you're looking for a short term single loan then this model may work best for you though you can have a long term relationship. Most of these private money lenders will limit you to 4 purchase loans and 1 rehab. You will pay the servicing company not the lender. 

An individual lender is in my opinion a hard money lender. They are not licensed nor regulated. That can be good and bad but you will have them more involved in your deals.

Absolutely! It is a huge problem in my opinion. I see it in the deals being sent to me everyday. I get over a dozen flippers wanting a loan and they have no money. Every "investor" on Facebook is asking for 100% and get angry when they're told it's not out there.

100% comes with a hefty cost when it is available. Do you want to give up 25-30% of your profit and control of the deal. 

The seminar promoters are guilty of creating this frenzy of misinformation and 100% or no money down propaganda. It's on the radio now from Than Merrill and others. 

@Bill F. Perhaps you will one day wait until a matter is resolved before commenting on it with the bias you clearly demonstrate. But perhaps white supremacy is alive and well on bigger pockets.

@Bill F. You obviously lack little desire to think outside of your privilege. I won’t take the time to educate or enlighten you.

Jay and his TREF are ahead of you on raising capital and investing in assets. Sorry if that doesn’t make you feel nothing but jealousy and envy.

FYI I’m a Trump supporter. I disagree with Jay politically but he is succeeding where so many wannabes dream!

@Bill F. There is no merit to the defamation Jay’s haters and competitors have launched against him. Wait it out.

You definitely have fewer options being non-accredited but I am seeing a lot more funds being developed where they can invest. Secured Investment Coro. aka COGO Capital is about to launch its fund for that so you will have the power of Lee Arnold and COGO Capital behind it. I see a lot of good things from that since it's a solid lender which an amazing track record. I recommend everyone watch this one!

Keep in mind some of the more institutional lenders in Private Money will shy away from Cuyahoga County, OH: Cook County Il and Detroit. A lot of foreclosures. If you find a lender for properties in those counties you will likely pay more because of the higher risk. 

Big banks like Chase or Wells Fargo don't really do anything at all with real estate investors. If you're looking for a lender that closely resembles a bank then you need to look at COGO Capital, Groundfloor, Visio etc. They use the broker model which is good for you because often a broker can find a better deal for you if they're have contacts with multiple lenders.

It takes time and work to develop relationships with individual hard money lenders. If you want to raise capital from investors you also need to be compliant with the SEC and state blue sky laws. A lot of people can help you if you choose that route. 

How do you define rich? You're only rich if you use your good fortune to help others achieve their goals. Prior to Jay's launch last June so many people were predicting failure or were just outright either jealous or upset that he was successful. Getting a Reg A through the SEC is painstaking. It's not easy. It takes time. The SEC has mandatory 28 day holds on responding to answers for questions they ask. 

It's also public knowledge and fully transparent. You can look it up on the SEC's website. Jay hid nothing. He listed risk factors. He passed the bad actor test. He was approved and his raise was successful. 

They're about to launch the next raise. They have invested into some good properties. Jay was able to raise a significant amount in just the first few weeks. I expect he will raise the full $50,000,000.00 in 19-20. 

They setup their programs for contractors to bid on projects. They thoroughly analyze deals sent to them for consideration. I know someone who is JV'ing with them and TREF is funding $1,000,000.00 on a multi family property purchase and renovation with long term potential.

The SEC issue is pretty much standard and will be resolved. There was no C&D. I think his detractors and critics have some jealousy issues. He successfully started a Regulation A Tier 2 fund and raised tens of millions of dollars when most of them cant even raise tens of thousands.