All Forum Posts by: Eric Siu

That's great advice. Thank you!

Thanks for the input Richard.

I'm currently hoping to help out with short term (+/- 6 months) debt consolidation (I may be open to other projects) loans at 7-12%.  Of course, loans will need to be secured with real property.  I will work with those in California and Kansas.  Please let me know if further information is needed.

Thanks all for your help.  I've reposted in the appropriate forum.

Hi All,

I am looking to start a private lending business, but I'm not quite sure how to start.  I have the capital but I don't know how to begin looking for requests and such.  Any and all advice is welcome.

Hi all, haven't been on for a while as I've been busy with life. I am curious about private lending, primarily how to start lending money.  Where can I offer my money here to those looking for short term loans?  Sorry if this is a newbie question or an inappropriate place to ask...thanks for any and all input.

Timothy Riley expenses come out to about $500 a month excluding mortgage. The remaining cash flow is sufficient to pay the mortgage on the rental and most of the mortgage on my residence. Kevin Fletcher I want to be able to do the same thing as you. Flip some for the experience, both of flipping property and rehabbing and in the future take on bigger challenges. Elizabeth S. I know I'm pushing away a lot of potential money but I would rather not do business with family or friends I have known for a long time. The possibility of sabotaging these relationships is a risk I am not willing to gamble. I will heed your advice and just wait and build up my coffers. Could prove beneficial if what Kevin said and what I've read is true about the bubble bursting. Aaron Montague I see the logic in your posts. I may be better off just holding on to the property, increase (or at least maintain) it's equity, and position myself for the long game. Rent is not likely to go south in the San Fernando valley even if the value goes down right? Thank you all for your input!

I'm wanting to invest in real estate more, but I am short on cash/liquid assets. I currently have a rental property in the San Fernando Valley that's valued at approximately 310k (maybe a bit more) with about 210k loan against it. It's pulling about 2600/mo before expenses. With this back story, I don't know if I should sell the property and invest elsewhere with the profits after repaying the loan. I could feasibly use this money for flipping or buying cheaper rentals in Stockton, Las Vegas, or Palmdale/Lancaster. Or should I just hold this property and hope to find other sources for a down payment (or pray for seller financing)? Anything else I should consider when weighing my options?

Raymond C. :UOP undergrad was more campus oriented as the surrounding area was sketchy. There were a lot of apartments just across the street that the upperclassmen stayed in. However, for the pharmacy school more students, especially the transfers, lived off campus. March/West area and the area around 8 mile tend to be safer, both security and investment-wise. Hope that helps!

From what I understand, seller financing or owner carry can allow you to put in less of your own money down in the purchase. For instance of putting 25% down and getting a conventional for 75%, you might put 10%, the seller finances 15% and you get a loan for 75%. You'd pay more but with the right investment it can pay off in the short run. It'll give you more purchasing power. Anyone please correct me if I am wrong.

@Raymond C. I've been looking to invest in the Stockton/Lodi area myself. I attended UOP and know some of the area too. PM me and I'll let you know if I see anything interesting. I'm still working on securing funds but I'm doing the research in that area to get a feel for things. @Paul Timmins thank you for the IREM recommendation. I'll have to check it out also. @Jordan T. I'm looking for a realtor in the area. Can I ask for you for your guy?