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

Memberships

Capitalist University

Private • 285 • Free

Real Estate Private Lending

Public • 83 • Free

REAL Training

Private • 7.5k • Free

The Closers Network

Private • 12.8k • Free

4 contributions to Real Estate Private Lending
What to do with a counter offer… an exercise for fun for all. What would you do.
I offered 1.9M they have it listed at 2.4M there’s a full acre undeveloped on the back there’s plenty of room and a huge demand for indoor RV and boat storage, the zoning is already in place. The selling corporation is a feed company from the Midwest that didn’t realize how strong the competition is in the west With the current rentable space that’s 121/ft . But there’s so much more opportunity and value to be added it’s next to a fed ex depot . It’s got frontage but not prime frontage but central location to 85,000 people. Here’s the actual parts of the actual counter offer: We are pleased to submit this Counteroffer to Purchase which sets forth the basic terms Jeremy Bingham and/or nominee (the "Buyer") will consider buying (the “Property”). Buyer proposes to purchase the Property consisting of approximately a ±16,620 square foot building on ±2.39 acres. Purchase Price: All cash offer of Two Million Fifty Thousand Dollars and NO/100 ($2,050,000.00) dollars (the “Purchase Price”) for the Property, all pertinent rights to the Property real and personal wherein it is situated. Well what are your thoughts industrial rents if we just put 1 tenant in would be around 15-18k per month NNN .
2
2
New comment Jun 24
0 likes • Jun 24
Private money on the front with fair interest and percentage partnership as a benefit. Then in a year or 18 months when stabilized refinance with bank or commercial mortgage money at 70 percent of new value. I’m doing a due dilligence walk through on Wednesday.
5 Ways to make money 💰 with money 💰
If you want to lend money, there are no ways around it. You need access to cash. You can be creative but the aim of this group is to show you how to securely DEPLOY capital. But i know a lot of people don't understand that they may already have access to cash they never thought of! Tens and hundreds of thousands!!!! Here are some sources of income you can use to make money with money...secured by real estate: - Cash savings - Home Equity Line of Credit on personal Home or rental property (probably the easiest cash you can get) - Line of Credit secured by an investment account (not a retirement account) - Line of Credit secured by a permanent life insurance policy cash value - Partner with someone with money and you do the work What are some other ways you've been able to access cash? If you need clarification on any of the above, post a comment! I'm sure others have the same question.
4
1
New comment Jun 13
5 Ways to make money 💰 with money 💰
0 likes • Jun 13
Permanent life can be so valuable.
Deal of the Week
I'm funding a deal on Friday. Let me know if you would do this. It's a wholesale deal that I need to fund ~$84k to the settlement company (that I know very well) for ONE DAY. Yep. 1 day. This is for a Double Close wholesale. I charged 1.5 Points which is pretty fair. Meaning I'll make $1,260 in one day for the use of my funds. I'll have my money back either Friday or Monday at the latest along with the fee. Would you do that? Give me some answers and I'll tell you what the wholesaler is making! LOL
7
12
New comment Jun 21
1 like • Jun 12
Yes
Intro
Above all else I value Time which I equate to real freedom. I have 7 Beautiful children that I spend a lot of time with learning working and playing. You are only as good as the deal you are doing right now . If I can help on anything or help anyone underwrite or examine properties I’m happy to. One of my favorite things about Dan is he reminds me of the principle that if you have not learned I encourage you to ponder there truly is no finish line! I’m excited to learn with this group. I have an accounting degree that I got solely for my mothers satisfaction. I sold my first business as a junior in college for a little bit I got and thought I was rich😀 I blew it all on hunting trips in Canada Mexico and the west hunting constantly from august to February . I sold as an agent and had a real estate brokerage in eastern Idaho from 2002-2010 I marketed the highest selling farmland per acre in eastern Idaho on 500+ acres that amount held until 2023 where they used my sale as a comp. This was a commissioned sale for a 29 year old I thought I was cool. My first multifamily deal was a set of 4 plexes on the same acre lot. I bought this with a 30 day private money loan made it into section 8 and put a permanent mortgage on it taking 60,000 out in cash. The properties were run by a property management company and cash-flowed until disposition about 1500/month My first 30 unit building we bought for 1 million and turned them into condominiums and sold them back to the tenants and only had to market about 30 percent of them. when I was younger my wife and I flipped 94 single family homes mostly foreclosure auctions but some short sales or just great rehabs we financed the first 30 solely with hard money loans and 1st deeds of trusts. losing on 3 breaking even on a bunch( over budget or slow disposition made the hard money lenders a lot of money😀) and making enough money to buy and build a 5000 ewe sheep ranch spanning 3 states to get back to the nostalgia of the American west which is just code for a lot of work with a little pay.
2
1
New comment Jun 12
Intro
1-4 of 4
Jeremy Bingham
2
15points to level up
@jeremy-bingham-9105
Change lives daily!

Active 2d ago
Joined Jun 11, 2024
ENFP
Oakley Idaho
powered by