All Forum Posts by: Nicholas Munford

@Frank Patalano

Finding a team.

I can go to a REIA meeting but I don't know if that's my type of thing. So now, i'm struggling to find a good, rei friendly agent. Also have no construction connections so finding a reliable GC is proving to be high as well

Main reason I wouldn't; lack of knowledge like you said. Learning my area is hard enough and I've lived here all my life, trying to learn a place I've never been seems so daunting but it will happen sooner or later.

2nd reason; I don't think hands off investments would be good for me. Not knowing what's going on any having to get all my information relayed to me through other people. It's just scary but a lot of people do it so it can't be that bad right?

Pretty silly fears but that's what is stopping me right now.

@Eric Fitzgerald I use my brain. It's been pretty unsuccessful so far.

@Theodore Rivera

Thank you! I'll be sure to write those down and answer them.

Recently I've been thinking about private money lending. With the uproar of investors buying property most need funding and a lot would rather get money from another investor instead of hard money and similar methods.

With that being said I have a few questions about being a lender.

How do I get started as a lender?

Do private lenders have interest?

When partnering is it necessary to have a partner entity set up?

Is there a way to ensure that if all goes wrong my original investment is secure, or is that a part of the risk?

Is there always a use of escrow?

What are some risk and dangers of lending?

If you can only answer one question that would be helpful. Also if there are any articles or books that you know of on this topic please let me know! All information is helpful! Thank you <3

 You answered my question ha!

 I too would like to know how you are funding! These are crazy numbers!

@Dylan Rogers

Wow! Amazing story and I'm glad that you found what worked for you in the end!

@Cassandra Sifford

I can relate to this one! Very inspiring

When you decided to get into REI what was your why (your drive) to get into the business and succeed?

Personally, my why is to past my knowledge on to others, specifically, those less fortunate and unsure of where they will go in life. I want to be able to give young adults the prospect of another path that they can go on as adults.

If you're just staring out, if you're a seasoned veteran or if you've lost sight of your why and need a refresher. Discuss what your why is because it will encourage me and hopefully others too <3