Menu Close

Go further together!

Bobby Tindal

Hey guys, just wanted to poll the audience to see if there is any interest in putting money into a “Fund, LLC” then we can lend on behalf of the members to a preferred return.

Example (simple numbers):

Property purchase price: 500K

Rehab: 100K

Holding costs: 50K

Funds required: 650K

“650K Fund LLC” created

You (the investor) buy shares equal to your cash input, 150K = 23%

LLC has 1st Position Lien on the asset

Interest Only payments to the LLC for the duration of the project: 12% APR preferred return

Property Sells for $800,000: Cash out the LLC, rinse and repeat

Just some Wednesday Hump day thoughts for you guys to consider.