Banks make great money and you can too. Often, individuals with extra money inquire about making money as a lender byreplacing the bank on our real estate deals. We've done over $600,000 with private money lending. Below is a basic primer for how it works and considerations for anyone considering private money lending.
Your money is backed by real assets as collateral. Each private money loan is secured by the real estate purchased.
Loans are backed by a personal guarantor agreement. This makes it impossible to escape from our promise to you under the veil of a corporate entity.
All properties carry the proper insurance but for lenders who need extra assurance, we offer a life insurance backed option naming you as the beneficiary.
Don't want your money tied up for 30 years? Set a balloon payment date for 3, 5, 7 or more years. Keep the liquidity you desire.
We have several options to help you achieve a rate of return better than sitting in any bank savings account or CD.
We prefer to amortize our deals over longer periods to ensure strong property cash flow.
With favorable term conditions, new investors can follow along with the deal to see how we find, acquire, and lease great properties so they can do it in the future.
Invest $20,000 or $300,000. Let us know your comfort level and we will find a deal that works with your investment amount.
Based on the loan terms, you may qualify to get paid an up front origination fee just like a bank.
You'll receive a statement on your loan each and every month.
The longer your money sits in an account the faster it loses its buying power to inflation. Call/Text us at 704-620-8151 or send an email to DRichardson@BolivarHoldings.com
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