For me personally it all depends on the source of my funds. For example, I some funds that are stored in a self directed account – these funds I am comfortable with lending in a longer term deals say 3-5 years.
HELOC or home equity line funds I usually will put in shorter term deals say 6 months to 2 years.
PLOC or personal lines of credit 6 months or less. This just seems to work for me and I keep a close eye on my credit score and report to ensure it stays within a certain range. On average most my deals are 15%+. I lend on all types of deals -nationwide- including mutifamily, single family, land only, EMD, business ventures, notes, etc., and others.
My wife and I are. We’re currently lending from whole life policy loans (IBC). We’ve got a rehab outfit that provides great rates and personal guarantees. They hold our money for a few months, which allows us to pivot quickly if we need to, rather than being tied up in a long term syndicate. And, they have plenty of deals we can turn right around and reinvest in, so we keep our money working.
Short terms?
12%+?
Only land deals?
Only looking to lend in a specific area?
Michael I would like to get my first few as short term EMD and grow from that standpoint.
Have you heard of Pace Morbey? He has created a group of individuals that do that very thing. They call themselves Gators.
I know someone who would be interested in that type of lending.
Please shoot me a text and I can make an intro.
856.979.1627
For me personally it all depends on the source of my funds. For example, I some funds that are stored in a self directed account – these funds I am comfortable with lending in a longer term deals say 3-5 years.
HELOC or home equity line funds I usually will put in shorter term deals say 6 months to 2 years.
PLOC or personal lines of credit 6 months or less. This just seems to work for me and I keep a close eye on my credit score and report to ensure it stays within a certain range. On average most my deals are 15%+. I lend on all types of deals -nationwide- including mutifamily, single family, land only, EMD, business ventures, notes, etc., and others.
Good topic!!
Love the strategy, Dwayne.
Makes sense. Thanks for sharing.
Any accredited investors here?
My wife and I are. We’re currently lending from whole life policy loans (IBC). We’ve got a rehab outfit that provides great rates and personal guarantees. They hold our money for a few months, which allows us to pivot quickly if we need to, rather than being tied up in a long term syndicate. And, they have plenty of deals we can turn right around and reinvest in, so we keep our money working.
Thanks for the info Nathan.
Dwayne I would love to connect with you I have some SFH projects I am seeking a PML for. 918-845-2092
Lending on:
1. Fix and Flip projects
2. EMDs
3. Transactional lending
3a. Double Close (A-B funding only)
3b. Seller Carry Back (Bringing funds to close a seller carry back deal)
4. Small bridge loans (30-60 days)
Have a few partners to cover a bigger range of lending, like MHPs, RVs, Assisted Living Facilities, etc
Feel free to connect with me
https://y2lending.com
eugene@y2lending.com
415.725.0311
Thanks for the info Eugene.