All Forum Posts by: Bob Randolph

Hello PROs,

Since I've got no problem speaking in front of groups, I've been tasked with standing up in front meetups to ask for Private Money.  We are going after SFRs only for flip, and a few buy-n-hold. 

I wanted to get  a little insider info from those of you that use private money from non-friends/relatives. 

1.What makes a private lender sit up and write down the phone/e-mail when someone says that they'd like to use their private money?

2. What makes a private lender instantly say "No way"
when someone says that they'd like to use their private money?

Thanks for the help!

Bob

Hmm... Thanks for the heads up. I'll have to do a lot more research.  

Great to see this thread.  I'm a newbie metaphorically standing on the diving board...  Two of my sons attended Texas State and I've been mulling over getting into the real-estate market in San Marcos.  With the University right there and the Austin, SA close by I think it's a good place the start looking.  

Bob

Thank-you Dave! I really appreciate your advice. BTW I grew up in Punta Gorda in the 60s and 70s... Still love the West coast of FL.

Hey Y'all,

I'm brand new the this site and looking forward to a lot of hard and rewarding work/fun in Real Estate. I'm here in Texas, Fort Bend County, just to the Southwest of Houston. I've been W-2 ing it for almost forty years and I'm looking to use some of the assets I've put back wisely. I'm doing some hard money lending through a self-directed IRA but haven't gotten into any of my own transactions. My only real estate is my Primary residence which is paid for. My first question on the PRO site; Should i consider pulling equity out of the Primary and if yes, would a fixed mortgage 15 or 30.... Or a HELOC be the way to go.

Thanks,

Bob

Thanks Mindy,

BTW, great job on the new Money podcast.

Great Job Evan! Inspiring... ~ Bob

Caveat... I'm PRO but brand new! I'm involved in private investing and have some of my IRA at work with a local investor through Quest IRA.

I have been driving by a burned out 2 story in The Grove Neighborhood which abuts the Pecan Grove Sub division in Richmond, TX.  It's been over 5 years since it burned and the hulk is not looking good on their cul-de-sac.  I'm wondering why it's taking so long and would it be worth doing a little research.  I know I've got a lot of other basics to learn but this one is stuck in my craw.

Thanks,

Bob