With passionate co-founders, a vibrant community, and hands-on experience navigating the highs and lows of investing, they have built an incredible foundation and embody everything we envision for PassivePockets.By combining LFI’s expertise with BiggerPockets’ reach and resources, we’re creating something truly special—a platform that will empower you to make smarter, more informed investment decisions.Here’s what PassivePockets will offer when it launches:Educational Resources: Masterclasses, articles, podcasts, and a weekly newsletter—all designed to help LPs make better decisions.Due Diligence Tools: Rigorous vetting frameworks and community-sourced sponsor ratings and reviews.Investor-Only Spaces: Private forums and weekly Zooms, exclusive to investors—no sponsors or capital raisers allowed.Sponsor Directories: Detailed profiles with track records, investor reviews, strategies, and more.Deal Directories: Comprehensive deal profiles, webinars, and direct sponsor connections in dedicated forums.Ratings & Reviews: Honest feedback from members who have invested with sponsors—the good, the bad, and everything in between.Our mission is clear: Shine a light on the passive investing space and provide you with the tools and knowledge to navigate it more confidently.

Here's one thing we need to close... then here's another now that you cleared that hurdle.Are you dealing with a major lender, or is this a private lender, or what?  

private lender How did you add value to the deal?

I was pulling low equity high financial stress lists from propstream.com and buying 30-60-90 leads from a private list seller. 

SupplyLas Vegas is unique because it is a tiny island of privately owned land in an ocean of federal land.

Purchase price = $100kRehab = $25KARV= $170k1st position purchase loan (private lender) = $85k2nd position purchase loan (my own LLC) = $40kI purchase with 1st position loan at 85% LTC ($85k) from private lender. 

All of the units are privately owned now though and you're free to self manage or have a management company operate the unit for you.

Defendants also spent considerable funds on luxury travel and vacations, including least $4.6 million on chartering private jets and luxury car services, at least $183,871 on hotels and resorts (including $15,404 to Norwegian Cruise Line, $12,750 to Access Italy, an Italian travel company, and $8,738 to Expedia.com).

IRS private letter ruling PLR-157111-06.  

My question is, should I give up looking for a lender or private lender who would finance this at a rate below or around 8%?