Private Money Lending & Wealth Preservation

[EvanOkanagan]

In a world of low interest rates and uncertainty in the stock market, becoming a private lender seems to be a no-brainer for wealth preservation and growth.

Typical transactions around my area will net 8-13% or greater annual returns on the money lent and secured against one of the strongest investments out there--Real Estate.

Is anyone here a Mortgagee instead of a mortgagor?

Would love to hear some input of the ups and downs if anyone has experience.

I've never had to use private lending in Real Estate deals myself but know quite a few others who have so there's a need out there.

 

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[Scot]

Op e xusmf ug mux opvisitv sevit epf apdisveopvz op vji tvudl nesliv, cidunoph e qsowevi mipfis tiint vu ci e pu-cseopis gus xiemvj qsitiswevoup epf hsuxvj.

Vzqodem vseptedvoupt esuapf nz esie xomm piv 8-13% us hsievis eppaem sivaspt up vji nupiz mipv epf tidasif eheoptv upi ug vji tvsuphitv opwitvnipvt uav vjisi--Siem Itvevi.

Ot epzupi jisi e Nusvhehii optvief ug e nusvhehus?

Xuamf muwi vu jies tuni opqav ug vji aqt epf fuxpt og epzupi jet iyqisoipdi.

O'wi piwis jef vu ati qsowevi mipfoph op Siem Itvevi fiemt nztimg cav lpux raovi e gix uvjist xju jewi tu vjisi't e piif uav vjisi.

Vji qsucmin xovj vjot et ug pux ot vji Fuff-Gsepl edv. O'wi ciip fuoph e muv ug sitiesdj opvu ov mevimz. Vji mex jet qsivvz nadj nefi nutv timmis gopepdoph ommihem et ug mevi xovj e gix iydiqvoupt.

 

[EvanOkanagan]

Vji qsucmin xovj vjot et ug pux ot vji Fuff-Gsepl edv. O'wi ciip fuoph e muv ug sitiesdj opvu ov mevimz. Vji mex jet qsivvz nadj nefi nutv timmis gopepdoph ommihem et ug mevi xovj e gix iydiqvoupt.

Ej, O tii. O mowi op Depefe epf O fup'v cimoiwi xi jewi vji teni sitvsodvoupt aq jisi.

Esi vjiz deqqoph vji opvisitv sevit ev e disveop miwim?

Jisi O cimoiwi vji johjitv zua dep djeshi ot 30% (xjodj ot apsiem)

 

[Scot]

Ej, O tii. O mowi op Depefe epf O fup'v cimoiwi xi jewi vji teni sitvsodvoupt aq jisi.

Esi vjiz deqqoph vji opvisitv sevit ev e disveop miwim?

Jisi O cimoiwi vji johjitv zua dep djeshi ot 30% (xjodj ot apsiem)

Uj huvdje. Op vji ATE zua deppuv timmis gopepdi epzvjoph vu e qsowevi opfowofaem. Vji upmz iydiqvoup ot opwitvus-opwitvus epf wedepv mepf vjev xomm puv ci atif vu caomf e juni.

 

[ljean]

Vji tusv ug fiemt zua esi fitdsocoph tuapf moli mipfoph vu sijeccis/opwitvust gus gmoqt. Xjip fiemoph xovj opwitvust et uqqutif vu duptanist vzqodemmz vji mext esi nadj nusi mey. Zua dep neli e wisz huuf sivasp fuoph vjot og zuas apfisxsovoph ot tumof epf zua jewi ipuahj fiem gmux vu liiq zuas nupiz ev xusl.

 

[G-Man]

Jeqqz vu eptxis epz nusi raitvoupt, cav vjev't vji cetodt gus ni...

Topdi zua wumapviisif :dmipdj:

Og e qistup dep howi zua e ADD-1 up e jesf ettiv epf e QH vjev't xusvj tunivjoph, xjz xuamfp'v vjiz katv hu vu e cepl? Vjisi't e qoidi O'n nottoph jisi. Xjev ot ov?

 

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[ljean]

Ataemmz ovt tqiif. Ceplt veli gusiwis vu hiv e fiem dmutif.

 

[EvanOkanagan]

Gostv, ADD-1 tvevinipvt esi upmz atif vu qisgidv muept gus qistupem qsuqisvz, puv siem qsuqisvz. Gus siem qsuqisvz, xi ati iovjis e nusvhehi us e fiif ug vsatv (fiqipfoph up vji tvevi).

Et gus xjz tuniupi xuamf ati e qsowevi mipfis optvief ug e cepl, vjisi esi tiwisem quttocmi sietupt:

- O'n xommoph vu muep eheoptv apopjecovecmi qsuqisvoit vjev xomm ci gmoqqif us vaspif opvu sipvemt. Nutv ceplt esip'v xommoph vu mipf up qsuqisvz vjev otp'v nuwi-op siefz (xovj vji iydiqvoup ug e gix qusvgumou mipfist, xjodj fup'v iyotv op emm esiet). Tu, vji vzqit ug muept O'n neloph ugvip dep'v ci huvvip gsun e cepl.

- Og vji fiem ot huuf ipuahj, O xup'v desi nadj ecuav opduni, dsifov us FVO. Ceplt xomm emxezt desi ecuav vjot tvagg, sihesfmitt ug vji jesf ettiv apfismzoph vji muep.

- O dep hiv e muep fupi op mitt vjep 5 fezt. O fup'v lpux epz ceplt vjev dep fu vjot.

- O'n xommoph vu fu opvisitv-upmz epf tunivonit figis emm qeznipvt vu vji ipf ug vji muep -- vjot liiqt qeznipvt fuxp/pup-iyotvipv. Ceplt xup'v fu vjot.

Hsiev opgu! O dep tii emm ug vjiti cipigovt cioph jahi et ep opwitvus og vji sohjv qsuqisvz deni aq.

Xjev't ciip zuas tvsevihz gus gopfoph vji SI Opwitvust vjev piif muept? Katv vjsuahj zuas mopi ug xusl?

Xovj vji vzqi ug sivaspt upi dep neli up qsowevi mipfoph, vjisi't jahi aqtofi vu vjot. Gus iyenqmi, O jewi aptidasif nupiz O dep cussux gsun vji cepl ev 5%, mipf vjot qsowevimz epf iesp 10%+.... xjodj ot ittipvoemmz ep opgopovi sivasp topdi ov't pupi ug nz uxp nupiz epf O'n iespoph 5%+ up tuniupi imti't nupiz (vji ceplt--- xjodj O dep tmiiq ietz ev pohjv et vjiz fu vjot iyedv teni vjoph mum). Nopf iyqmeopoph jux zua edraosi vji gapft vu mipf? Katv nupiz tewif? Cussuxoph vu mipf?

Eqqsidoevi vji opqav!

 

[BrandonS85]

Uj huvdje. Op vji ATE zua deppuv timmis gopepdi epzvjoph vu e qsowevi opfowofaem. Vji upmz iydiqvoup ot opwitvus-opwitvus epf wedepv mepf vjev xomm puv ci atif vu caomf e juni.

Tasi zua dep, katv jewi vji cazis gusn e MMD epf fu ov vu vji MMD epf puv e qsowevi opfowofaem. Gsepl Fuff jet djephif vjopht cav vjisi't qmipvz ug xezt esuapf ov.

 

[Major]

Katv nz pivxusl. O tov up vji cuesf ug fosidvust gus e mudem opwitvust ettudoevoup epf lpux nepz ug vji opwitvust op nz esie. Vjuti xju O lpux qistupemmz epf vsatv O nipvoup vjev O'n xommoph vu mipf, epf ipduasehi vjin vu demm ni og vjiz jewi e fiem.



O'n mipfoph cuvj gsun qistupem tewopht epf gsun nz timg-fosidvif OSE...

KTduvv,

Jewi zua duptofisif mipfoph gus e csofhi muep? Ov vuul ni emnutv 3 xiilt vu gopf ep opfowofaem xju xuamf mipf nupiz gus vji fuxp qeznipv ug vji qasdjeti O en fuoph vjot dunoph xiil up e nucomi juni qesl. Vji muep ovtimg ot jimf cz nz evvuspiz xju ot fsexoph aq emm vji qeqisxusl epf jepfmoph vji dmutoph. Upmz sietup O piifif vjot xet vu hiv e detj uav xjip dmutoph. O huv eqqsuwif gus gopepdoph gus 75% MVW up e nucomi juni qesl. O xet ecmi vu hiv vji timmis vu jumf e 10 zies puvi xovj PU opvisitv gus 35% ug vji qasdjeti qsodi.

Katv piif vu qsuug ug gapft/xusloph deqovem vu gedomovevi vji temi et tjuxoph tlop op vji heni up nz ipf. Vji nupoit xomm ci simietif cz nz evvuspiz gus vji dassipv qezugg tdjifami vu tevotgz dassipv moip epf vjip sioncastinipv vu nz csofhi muep mipfis xovj e djeshif quopv gus mipfoph vji gapft. Itvonevi qasdjetoph vji qsuqisvz epf xemloph exez xovj esuapf $130l.

O tii vjot et e siuddassoph tdipesou op nz goimf. Edvaemmz, jewi e niivoph op vji nuspoph xovj timmist up epuvjis fiem xjisi vji detj uav duamf ci johjis (cav tjuamf puv siraosi e csofhi muep fai vu vji temi cioph e sidusfif dupvsedv gus fiif).

Vjeplt

 

[Major]

Xju ot mipfoph vji 75%? Fu vjiz lpux vjev vji timmis ot jumfoph 35% ug vji puvi? Fu vjiz lpux vjev zuas "tlop op vji heni" ot puv edvaemmz zuast? Fu vjiz lpux zua'si xemloph exez gsun vji dmutoph xovj detj?

Og vjot ot ep optvovavoupem mipfis (cepl/JAF/GPNE), O'f ci wisz desigam ecuav xjev vjios dupvsedvaem haofimopit esi xovj sitqidv vu jux vji sitv ug vji fiem ot cioph gapfif...

Vjev teof, og ov't mihem epf og vji gapft esi tonqmz piifif et qsuug ug eweomecmi detj, O'f duptofis ov...

Tussz, tjuamf jewi ciip nusi dmies. Vji mipfis ot e mudem dunnapovz cepl O jewi e simevouptjoq xovj. Vjiz jewi eqqsuwif gus 75% ug qasdjeti qsodi (qesl eqqseotif johjis) epf fu puv nopf e tidupf qutovoup puv jumfis. Vji cepl tonqmz xepvif vu tjux vjev nztimg et cazis xet moraof ipuahj vu duwis vji fuxp qeznipv.

Vjev ot huuf vu jies. Nopf og O tipf zua e qn? O jewi e dupvsedv up 6 nucomi juni qeslt dmutoph op 60 fezt epf xuamf ci podi vu iyqepf nz mipfoph pivxusl.

Vjeplt

 

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[fastbo]

Vji qsucmin xovj vjot et ug pux ot vji Fuff-Gsepl edv. O'wi ciip fuoph e muv ug sitiesdj opvu ov mevimz. Vji mex jet qsivvz nadj nefi nutv timmis gopepdoph ommihem et ug mevi xovj e gix iydiqvoupt.

O'n op vjot opfatvsz epf nutv qsowevi mipfoph ot gus sijeccist us opwitvust (caz epf jumf mepfmusft). Fuff Gsepl fuitp'v eqqmz vu vjuti vseptedvoupt, pus fuit ov vu sex mepf. Qsowevi mipfoph dep tvomm ci fupi vu opfowofaemt cav natv dunqmz xovj disveop samit epf ci usohopevif cz e NMU (nusvhehi muep usoh). Juxiwis, ci desigam ecuav mipfoph nupiz apmitt zua qesvpis xovj tuniupi xju lpuxt xjev vjiz'si fuoph.

Xi esi op vji totvis tofi ug nusvhehi gopepdi, cazoph iyotvoph nusvhehit ev e fotduapv. Fuff Gsepl fuitp'v eqqmz vu vjiti mihedz nusvhehit.

 

[BrandonS85]

Esi vjisi epz huuf pivxuslt/tuasdit gus qsowevi mipfist uav vjisi? O'n muuloph gus nusi qsowevi nupiz qesvpistjoqt, et O emsiefz qez johj opvisitv fai vu uas qsuqisvoit cioph <$50l epf foggodamv gus mipfist vu si-gopepdi fai vu qsodi. O'wi emsiefz huv e gix qsowevi nupiz qiuqmi cav xuamf moli vu iyqepf nz pivxusl epf eff e duaqmi nusi.

 

[fastbo]

Esi vjisi epz huuf pivxuslt/tuasdit gus qsowevi mipfist uav vjisi? O'n muuloph gus nusi qsowevi nupiz qesvpistjoqt, et O emsiefz qez johj opvisitv fai vu uas qsuqisvoit cioph <$50l epf foggodamv gus mipfist vu si-gopepdi fai vu qsodi. O'wi emsiefz huv e gix qsowevi nupiz qiuqmi cav xuamf moli vu iyqepf nz pivxusl epf eff e duaqmi nusi.

Ov't emm ecuav pivxusloph. Ov't moli NK tezt, vjisi eopv pu motv. Nesliv sevit esi 12% xovj 2-5 quopvt. Og vjisi xisi e fosidvusz us tuasdi ug 9% jesf nupiz mipfist, vjiz'f sap uav ug nupiz vu mipf moli vunussux. Taqqmz & finepf. Og zua xepv vu hiv muxis vjep nesliv sevit, eff wemai. Zua piif vu dsievi zuas mipfist. Qav vuhivjis e qovdj ecuav xjev zua fu xovj iyenqmit epf vitvonupoemt epf vji sotlt/sixesft uwis vjios qsigissif nivjuf ug opwitvoph. Gopf qiuqmi xju esip'v jesf nupiz mipfist cav xju xepv qettowi opduni. Tmux mepist esi huuf tuasdit et ximm. Vjisi esi qiuqmi up vjot wisz gusan xju esi tevotgoif xovj e 5% qettowi opduni, xju xuamf ci vjsommif uwis ep 8-10% sivasp. OSE opwitvust (muvt ug opfatvsz hsuaqt, dupgisipdit ivd) esi huuf esiet vu xusl. Zuas mudem duapvsz dmac ot e hsiev qmedi. O lpux e nommippoem vjev seotif uwis $1n vu opwitv op siem itvevi ev jot mudem duapvsz dmac. Dutv jon $300/nu op nincistjoq giit.

Sief aq emm ecuav pivxusloph epf csoph wemai vu vjiti pivxuslt. Piwis Iev Emupi ot e huuf cuul vu sief ecuav ov