I have officially replaced my w2 income after 6 months of borrowing private money and lending it to the banks. Most lenders in here are likely looking for borrowers who are offering real estate backed loans; however, I’ve turned to lending and I avoid tales of toilets, bad tenants, etc and my borrowers direct deposit into my bank the 15th of every month. The minimum is 40k and the sky is the limit. I’m interested if any of you lenders would be willing to lend to another lender, like me. I have a real estate channel on YouTube, but haven’t posted in a while. Chime in and let me know.
I’ve had a couple people reach out via message here, but the site won’t let me see my messages until I’ve paid the membership fee. If you have questions for me, you can reply here. I’ll be more likely to see it.
Hi Bob, I reached out… so you are looking to borrow money from people to loan it out to others ?
Yes, except, I’ll be loaning out to an equity group who lends to banks. In the future, I do see myself lending to investors here as well, but my returns are far greater lending to lenders for now. If you’re interested, I can call the number you have in your title.
Sorry, saw the information you sent. You asked about check sizes I get. It’s north of 4% per month direct deposited into my llc’s account every month.
If you are getting value from the platform then you should pay PMC to get messaging. I’ve been in PMC for almost a year and haven’t raised from PMC.
I’m with you on that statement. If I gain value by being here, I’ll certainly pay for the membership. Until there is conversation that leads to a deal, I don’t need to pay for the membership, as it is simply a forum. For instance, if you want to lend me 50k, I’d pay for the membership in a heartbeat once we close, knowing there is value in this community. Until then, I’m testing the waters.
Congratulations on successfully replacing your W2 income through private lending. Your approach, focusing on lending rather than dealing with the complexities of property management, is intriguing. I’m interested in learning more about your method and would appreciate a link to your YouTube channel for further insight. It’s always beneficial to explore diverse strategies in this field.
Best regards,
Bryan
My channel is called Real Estate Investing Unmasked. I haven’t posted a video on over a year, though I may do some this coming year. I hope to have more time on my hands. The lending I do is through a private equity group. I love lending over property management. It’s a game changer in my opinion.
Thank you, Bob. I’ll check it out and get in touch with you soon. Happy New Year!