Activity
Mon
Wed
Fri
Sun
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
What is this?
Less
More

Memberships

Mid-Term Rental Savvy

Private • 576 • Free

Fundwise Pro

Private • 411 • $219/m

8 contributions to Private Real Estate Lending
Winner of FREE PML Mastermind Ticket
Congratulations to @Lori McDevitt ! For being #1 on the leaderboard you get a free ticket to the upcoming PML Mastermind. This is a 2 day intensive event about lending your money and other peoples money, creating a 7 figure lending business. Please email me at alexis@peachstatecapital.com to claim the ticket! Anyone else who doesn't want to miss out on the fun can go to pmlmastermind.com to get your ticket before we kickoff tomorrow! Everyone Congratulate Lori in the comments! The more active you are here, the more your points go up! I will be giving away prizes on a regular basis so be sure to be at least top 3 on the leaderboard!
12
20
New comment Sep 30
Winner of FREE PML Mastermind Ticket
1 like • Sep 27
congrats Lori!!! aww shoot, i came in 3rd lol
Who is ready to make $$$$ together?!
Hey Everyone, I’ve had the privilege of training with the BEST (shoutout to Alexis and Abraham!) and have put that knowledge to work! I've had the pleasure lending to outstanding borrowers and investors like Kevin Choe (pictured below with me and my kids) and being able to deploy seven figures in active loans, with a substantial SIX-figure amount of my own capital invested. However, I’ve quickly realized that my personal funds can be allocated faster than anticipated! I currently have several first and second position deals available and am seeking funding partners. These opportunities offer 12 - 18% interest for terms of 6 months or less, with some deals as short as 2-3 months. If you have 30k+ and are looking for a SECURE investment and are READY to partner on these deals, let me know! You can fill out this form or DM me directly. Looking forward to taking down deals with you all and helping each of you achieve your goals! Follow me on my journey as a real estate investor and PML @itsalvinlee on instagram!
7
5
New comment Oct 10
Who is ready to make $$$$ together?!
0 likes • Sep 19
@Chris Ten Eyck would be my pleasure!
0 likes • Sep 23
@Lori McDevitt happy to be of use!
The #1 Goal of a Private Money Lender: DON’T LOSE MONEY!!!
Here are the 15 topics we will be covering in the coming weeks to help you AVOID SCAMS and keep your money SAFE. We will deep dive on 1 topic each week, and when we're done you will have ALL the information you need to SAFELY lend your private money on real estate deals. SO MUCH VALUE FOR FREE!!! 1. Intentional Networking 2. Information you NEED to do your due diligence on a lead 3. Vetting the Deal 4. Vetting the Borrower 5. Inspecting the Property 6. State Laws You Need to Know 7. Resources You Need Before You Lend 8. Vetting the Title Company / Closing Attorney 9. Verifying Wiring Instructions 10. Security Instruments / Paperwork that protects you 11. Wiring Funds 12. The Due Diligence Process: A PML Checklist 13. What to Do When a Borrower Defaults 14. How to Find Borrowers 15. How to Raise Private Capital
11
8
New comment Sep 25
The #1 Goal of a Private Money Lender:  DON’T LOSE MONEY!!!
1 like • Sep 20
this is awesome! Will we be recording all of this?
Poll
The first step in intentional networking is to KNOW THYSELF! ❤️‍🔥Using the framework from yesterday yesterday, DO YOU HAVE AN ABUNDANCE OF ... This will help you navigate THIS group and determine how you can add the most value to the group
Poll
28 members have voted
10
10
New comment Sep 20
1 like • Sep 20
@Stacy Carpenter I can solve that for you! Have limited time as well, but I’m putting in the work now so I can regain all my time haha let’s connect!
0 likes • Sep 20
@Stacy Carpenter sent you a DM
How to Guarantee You Lose Money Lending
Do not lend without underwriting first! You will see a lot of second position deals when branding yourself as a PML. Whenever you are lending in second position, you have to know what first position owed before you even know if it's a deal worth looking at. Think of it this way, if you have a cup 75% full of water. You can only fill it 25% more before it overflows. The borrower might be asking you for that 25%(or a certain amount in second position) but without knowing how full the cup is already, you could be at risk of overflowing the cup. Overflowing the Cup = UPSIDE DOWN MORTGAGE in real estate world. You DO NOT want to lend more $$ on a property than the value of that property. You always want to lend LESS than what a property is worth, not more. If there is a lender already on the property, they are first position, and you HAVE to know what they are owed before you consider putting more debt on the property. Comment below if this provides clarity! Remember do not ever rush into deals, especially if you don't know what you are looking at.
Poll
37 members have voted
11
13
New comment 27d ago
4 likes • Sep 12
@John and Nicole Dunn this ultimately depends on your lend box and safety criteria. Alexis, Abraham, and I lend on As-is value or 90% of PP, whichever is less. So in this scenario As-is value = ARV 1.125m - Reno 225k = 900k max loan OR 90% of PP = 598k. per our lending guidelines the total borrowed amount of 930k exceeds both of these numbers. if you wanted to be more risky and lend on As-is value you'd still be 30k over that amount unless like you said the ARV is very conservative. Personally, i would always want additional collateral on a deal like that.
3 likes • Sep 12
@Alexis Morgan ^what she said lol
1-8 of 8
Alvin Lee
3
4points to level up
@alvin-lee-8421
I’m a REI(LTR, STR, MHP), PML, and Gator. Always looking to learn and earn more while helping others along the way! If you need funds, lmk!

Active 3h ago
Joined Sep 4, 2024
powered by