All Forum Posts by: Rebecca Rae

Hello

I am considering Pace Morby's mentorship. Does anyone have experience with this mentorship?  It is quite expensive but has lots to offer.  I had another mentorship that was much smaller and she was able to walk along side somewhat.  She had her own business to work on.  But because it was so small there were few students to partner with.  Do I go with the small mentorship program or with a larger group that has many resources but cannot walk along side on such a personal level?  

Hello

Has anyone used Bigger Pockets property lists for finding prospective sellers?  If not, any advice for the best places to find farm lists for commercial real estate?

Thanks

Rebecca

I thought asking for points is more for hard money lenders?  The mortgage company does not require an appraisal.  I looked at comps and found that they are going from 90K to 150K. 

I have been mentored by a real estate mentor for almost a year. She has been investing for 20 years across the country.  I told her that I would like to get into private money lending.  So she asked if I would like to loan on her recent deal that is valued at approx 110K and has a clear title.  I would be loaning 65K.  She is offering to pay 8.75% for 8-12 months. I will be the first lien holder and beneficiary on the home insurance.  Does this seem like a good deal?  The property is in PA and I am in CA.  I called the Mortgage company to verify the property and clear title.  I need to wire the funds soon so wanted some last minute advice.  Thanks.