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Lenders… what type of deals are a you looking for?

Michael Kearse
Replies
6

Short terms?

12%+?

Only land deals?

Only looking to lend in a specific area?

6 Comments

  1. Dwayne Andrews

    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!!