Simple Passive Cashflow Podcast
SPC070 - Fundamentals - What is Private Money Lending- Two things I look at in every PML deal
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:15:49
- Mas informaciones
Informações:
Sinopsis
There have been a few Private Money lending deals coming through the deal pipeline. Make sure you are on the list.What is it?It is probably to first strategy people should try to get their feet wet. And for people with skeptic spouses it shows how the checks come in.Any time someone wants to borrow money from an investor to undertake a project. It can be short term or long term.Great strategy for a sellers market1st lien 2nd lien position9-15% returns or 10-20% returns on 2nds, wide rangeBased on relationshipsLoan to Value LTV - 50-75%Home flipper looking for 70% LTV and they also include rehab costsDon't just look at the rate of return - Subjective nature development or cashflow - what is it based on flip to rental or flip to retailWhat is your downside if the flipper does not perform - what can it rent for? Seattle vs Birminghamdeed in lieu - work and headacheAnother option is crowdfunding sites however there is another person in the middle making feesyou are not going to made substantial wealth with this m