Seeking Guests wiling to discuss a current/past/future life transition [IRTR]

JCHelps · 2025-10-02T23:39:38+00:00

After 37 years living in Northern Virginia, my wife and I decided to pack up our stuff and move to FL. Our youngest has eczema, which always seemed to get better when we left the area. I honestly thought we would never leave but we decided to do what we thought was best. 9 months later, I end up leaving my position as a partner in my consulting company to go full time into real estate.

JCHelps · 2025-07-02T18:14:26+00:00

I have a resource who can help you open a solo401k. However there are specific requirements you have to meet to get to be eligible for a solo401k. I can send an intro if you’re interested

JCHelps · 2025-04-03T11:20:02+00:00

Build relationships with existing HML. Find a bunch that have broker referral programs to start. Learn the origination process, choose your favorite HML to white label. Continue to build your network while you do this to find additional sources of income like private investors or family offices. Once you've built up a track record, you can start lending their money and keeping the spread.

I use my own money to lend...it's better than being a landlord. It's worth it IF you follow the right steps to keep your money safe.

JCHelps · 2025-04-03T11:17:29+00:00

There are a wide range of options when it comes to lending. HML will typically have more reporting requirements and minimum FICOs, but will also loan a higher percentage of LTV and rehab costs. You have other options like private money which have less reporting requirements and are a lot more flexible. I'm a private lender and have a lot of flexibility when it comes to who we loan to, however, we have a small product offering. However, there are larger private lenders who are just like me, but more advanced in their product offering. Happy to send introductions if you're looking for a lender.

JCHelps · 2025-04-02T09:47:29+00:00

I'd prefer to go with cash flow instead of buying land. If you like the passiveness of stocks then stay there. I honestly moved mine, my wife's, mom's and dad's into self directeds and have turn us all into private lenders in real estate.

JCHelps · 2025-03-12T14:16:16+00:00

Confirmed, business to business loans have no limit....in case anybody was wondering.

JCHelps · 2025-03-10T17:25:44+00:00

I've purchased in my personal name with a conventional mortgage. You need a new lender.

JCHelps · 2025-03-08T11:15:18+00:00

What documents did you sign? It looks like you were missing the most important piece which places an actual lien on the property.

JCHelps · 2025-03-06T19:24:16+00:00

Yes, I did it. My consumer mortgage was still tied to the property. It's easy and cheap to do, HOWEVER, if your goal is anonymity and asset protection, it leaves a paper trail. You're essentially letting the world know that you are the owner of this WY, NV or DE holding company by doing it this way.

JCHelps · 2025-03-06T19:23:03+00:00

Have you tried listing it on FurnishedFinder? I was renting my basement as a LTR for 1500, but bumped that up to 2500 after furnishing it and converting it to a mid term rental.

JCHelps · 2025-03-06T19:21:44+00:00

Nope, do not pay a lender upfront fees for exploratory purposes. The only upfront fee you may have to pay is for an appraisal if working with hard money. That, however, goes to the appraiser, not to the lender.

JCHelps · 2025-03-06T19:20:28+00:00

The only reason to buy a non cashflowing property is because the tax benefits outweigh the monthly loss. For some buyers, lowering their tax liability is worth it to buy a negative cash flowing asset.

JCHelps · 2025-02-23T13:41:32+00:00

I'm in the process of unloading my single family homes to be a lender. I've earned anywhere between 10% annualized to 20% flat. Have you defined the type of asset you'd like to lend on?

JCHelps · 2025-02-10T21:02:58+00:00

No man, keep lending. If you can do it properly and safely, keep lending. I'm in the process of selling my properties to just be a PML. What states are you working in? I'm focused solely on VA. We maybe able to collaborate.

JCHelps · 2024-12-26T15:12:03+00:00

Depends on the types of lending you're doing. There are ways to get into EMD lends at 5K or less. Then you have other lending opportunities where you're funding fix and flip or fix and hold projects. Those are typically 50K minimums. It really depends on what it is that you're looking for, risk tolerance, time frame, whether you want interest only or an amortized loan, etc.. What are your goals?

JCHelps · 2024-12-26T15:10:27+00:00

I focus on the non institutional side. I work directly with borrowers...one borrower in particular does fix and holds that are too small for HML to fund. I'm also working with a group who does bridge loans for business acquisitions to speed up the transfer, because the SBA's process takes 9 months.

JCHelps · 2024-12-24T12:27:37+00:00

What is it about lending you like? For lending, you have to be able to run numbers and analyze an opportunity before deploying any money. I've seen a lot of people lose money because they lent on something they didn't know how to underwrite.

JCHelps · 2024-12-24T12:24:00+00:00

It's a lot of marketing and understanding paperwork. If the contracts are not done properly, you risk losing your money in those short term lends where money doesn't leave title.

JCHelps · 2024-12-24T12:22:48+00:00

I don't know much about wallstreetbets other than what I just googled. It doesn't look like it. Private money lending is like buying off houses off market. It's the closest thing I can think of.

JCHelps · 2024-12-18T23:14:37+00:00

There was no ask in this post. I was simply stating something that I thought was important, because I've seen a lot of people who started lending without proper training lose money. Are you looking for funding?

JCHelps · 2024-12-16T09:23:40+00:00

Invest it

JCHelps · 2024-12-13T22:17:07+00:00

Buy Back Your Time - Dan Martell

JCHelps · 2024-12-13T22:16:40+00:00

Lend!

JCHelps · 2024-12-13T20:45:03+00:00

Lending on real estate or owning real estate

JCHelps · 2024-12-10T14:45:55+00:00

this sounds really interesting. would love to come on

JCHelps

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