All Forum Posts by: Ron Steele

Thanks for the info?

I understand raising capital. Could you or anyone provide any resources or examples to learn more about this.

I don't understand why someone would loan me $ at ex 6% no collateral then I loan at 10% hard money which would be ltv of 65% or lower, secured by collateral (real estate),plus points. The other points is lending on what??? my credit,sales pitch, ???

The only way I can see getting these terms are traditional financing which would highly doubtful/impossible I would think.

I thought maybe a line of credit would work(I have a small one) but I don't know if the spread would make sense. I'm not sure what I'm paying on interest, but my loans would have to have a much higher rate. Also it seems you would have to have a pretty big line of credit.

I'm looking for any answers anybody could provide, and thanks in advance for your help.

Where do you find the money to lend? For example I get the concept, but if u are not using your original money how do u access the money?

Cooper Bennett

Ive done mostly eastlake/centerpoint area. Fairfield and also in the north.

I'm looking to diversify into some commercial also

In Sandwich lease option, who is usually responsible for tenant damages and repairs?

Thanks very much. I will check it out.

Is smartmove available in all states?

Welcome I'm from Birmingham also... Its a great resource.

Also Antonio we should exchange information.

Brandon. I'm also from Birmingham. I'm young so I'm still learning. I do have a few rentals and very familiar with those areas.

John H

Thanks for your comment... May I ask why do you feel the program would be cut? I'm very concerned with the debt situation, just because I feel that the government wastes so much of the money it collects. I dont really identify with a political party by the way.

I do believe we differ a bit from Greek or Eurozone countries bc we issue our own currency and have the reserve status. Those other countries dont. So I would think that cutting those programs would be suicide. But I do hear people such as you who seem to think that the government will.

Which is why I'm very interested in all viewpoints, bc I just dont have enough life experience, knowledge, or wisdom to make the best decision myself. (Not Yet) Could you or anybody explain why you feel this way?