All Forum Posts by: Nate Marshall

@Anthony Johnson it’s not common. You can usually research lenders who are legit. Like COGO, Groundfloor and Visio. Not so much on individuals. I always recommend individuals who want to lend money do so with a platform or servicing company.

@Alejandro Hayden Which PML’s have you looked at? Do you have the 10% down and closing costs?

@William C.

I use a 3 tier offer.

1. Lowball Cash Offer 50-65%

2. Small down with payments for 60 months and a balloon. 1-5% interest. Seller carryback.

3. 0 down 5-8% interest. 30 years but balloon in 10.

I can send you a copy.

These days you can get a template to make your own PPM for under $100.00. They don't restrict them so anyone can buy one and they're fill in the blanks. You can also pay to have them obtain your EDGAR access and submit to the SEC. 

I don't see as many as Ian sees but somewhere around 20 a month and Id say only maybe 2-3 are good opportunities. Its much better for me to setup someone with that kind of money to invest as a Funding Investor. It takes a servicing company and title company.

I took the course. I have had nothing but an incredible relationship with Lee's staff from all of his companies. I have generated over $300,000.00 in broker fees since taking the Private Money Broker cert. I am taking the Master course this year.

No matter what you are looking at you should make sure they're compliant with the SEC as well as Blue Sky laws when applicable. 506(C), CF and Reg A Tier 2's are becoming popular and they can be expedited and affordable for even startup funds. 

www.tulsarealestatefund.com is doing just this and nearing their $50,000,000.00 limit. Doing quite well actually!