Bradford G.
Rod Khleif vs Brad Sumrok Multifamily Coaching Review ??
26 January 2025 | 54 replies
Our last deal we engaged a mortgage broker that also brought a Private Equity LP (Limited Partner) to the deal.
Jonathan Small
Case Study: Cockroaches to Cash Flow
27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.
Rickie Lattimore
Strategies on working with private lenders
14 December 2024 | 2 replies
I use a private lender to borrow money to buy properties.
Scott Quinlan
Finalized First Investment. Ready for More
27 December 2024 | 2 replies
When people bring up Subject To (very risky) and private money it's usually because they have seen a lot of scaling content.
Luke H.
Would You Do This Deal? Lending Opportunity
29 December 2024 | 12 replies
@Luke H.Hi Luke, As a private money lender myself I will focus on one element of your deal---5 years is a long time to be finally paid.
Sophie Sawyer
My experience with Sunrise Capital (Mobile Home Fund)
29 January 2025 | 68 replies
They did have the equipment to do this, as the old park manager (from the old private owner) is on our tenants board, and he knew the system.
Rishika Garimella
Would you recommend buying an investment property in Austin area now
2 January 2025 | 13 replies
I'll message you privately.
Hayat- Hyatt Barron
New Jersey Investor Seeking to Build Passive Income—Let’s Connect!
4 January 2025 | 12 replies
This is investing privately as a lender to a local investor or being LP on an investment such as a syndication.
Mikal Toliver
New investor looking to serve and learn
1 January 2025 | 12 replies
I am also a lender, with Chase Bank, but want to expand my knowledge on hard money and private financing options.
Gregory Beaty
FreedomSoft Scam!
27 December 2024 | 22 replies
Account Closed You can do automated lead generation in several ways, depending on whether you're looking for seller leads, buyer leads or private lender leads.Seller Leads: (1) Lead Swiper (online lead search with dozens of targeted searches), (2) Instant Leads -- direct access to listed properties nationwide with a click (3) OfferBot, automated offer making software (I use this every day) (4) Direct Mail Connect (upload your own list or use lists out of Freedomsoft) -- my team manages a ton of direct mail in my real estate business using this, (5) SMS lead generation (I use this every day)...and that's just scratching the surface.Buyer Leads: (1) Nationwide Cash Buyer database (millions of buyer records at the click of a mouse) -- including buyer name, address and all property addresses they've bought including closing dates and prices paid