All Forum Posts by: Lena Claybon

I live in a college town and I've done this before.  If I were you, I'd rent to teachers or staff, meaning adults.  Renting to college kids sounds great in theory but if you want to preserve your property, you might want to consider more mature clientele.  Most schools have new teachers and staff coming every year just like students so just something to think about. (They also tend to stay longer.)

Propstream

I have a rental property in Louisiana that needs rehabbing in order to rent out. Looking for a private lender interested in making 15% ROI on a 1-year interest-only loan for $65,000. Interested parties, DM me at [email protected] or leave your email address for further details.

 I agree.  After a couple of different people reached out to me to keep baiting me, then nothing.  And I couldn't get either of them back on the phone.  I've determined that they are full of you know what.  I don't know what they gain from stringing you along but they're not worth the time. DON'T DO BUSINESS WITH THEM!!!

 UPDATE:  Finally got a call today from someone at the company.  Said there had been a breakdown in communication and she was handling my case.  Asked me to send her all my docs which I did.  We'll see where it goes from here.  Will keep you posted!

I've been trying to get a deal done with this company for two months.  First, they wanted to charge me $1000 upfront so "their attorneys" could prepare the paperwork but I pushed back and said my title company could take care of the paperwork on my end which they seemingly agreed to.

I was dealing with Ryan Koester who put me on the phone with Scott Ulmer (the guy in the videos on the pmlbridgefund.com website).  After that, they sent me a "Conditional Commitment Letter Proposal outlining the terms of my deal with them. Then they asked me to fill out and return a few documents which I did.  After that, its been crickets.  I've followed up with Ryan multiple times. He initially sent a text saying my documents were being reviewed.  After that, he hasn't answered any of my texts or returned my phone calls.  My title company also reached out to him and I don't think they've heard from him either so I don't know what his deal is.  I asked him to just let me know if they've passed and still nothing.

I even tried to get Scott Ulmer on the line who said during the phone call that I can call him anytime.  All I got was someone saying she was his assistant  for but some reason couldn't get him on the line either and she sound like she was at home on her cell phone.  Anyway, I'd just say proceed with caution.  IF it sounds too good to be true, it usually is.

I have a rental property in Louisiana that needs rehabbing in order to rent out. Looking for a private lender interested in making !2% ROI on a 2-year interest-only loan for $65,000. Interested parties, DM me at [email protected] or leave your email address for further details. (Not interested in institutional lenders)

Hi G Jain, I don't know what kind of return you're getting in San Jose but I''m in Louisiana and I know for sure properties down this way are much cheaper with about the same ratio of return of most bigger markets.  Have you considered investing down South?

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