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Showing 20 of 107 results by CryptoREI
I would never claim to be tactful. I just call it as it is. 
Impossible, If you can not prove a fact then you can call it as it is. You can call it like you see it. Basic principles of science theory VS law.
Value is what somebody believes it to be worth, your not the decider of value as much as you would like to be.
So let me point this out in the most polite way possible.
Your theory is that I will not pay it back, because you believe it is not worth much. (non-provable)
The fact is it has been appraised by 2 different outside source for more then what I have asked. (Provable)
So now lets let someone decide if they feel my collateral is of enough value to them.
I understand what you do hear on the lending forum and I am thankful you do it. But sometimes you honestly do take it a bit to far. You said your piece not let other decide if the loan is for them or not.
That domain is worth the price of registration only - $5-$10 
Certainly explains why you want to get rid of it.
Certainly explains why you want to get rid of it.
Vod sorry you feel that way, but if you were not interested you could have said it in a little more tactful manner.
I do not see it worth that value but someone else might.
Or I do not agree with the valuation.
I hope in your real life you do not carry such a jaded feelings its going to give you a heart attack man.
No need to be so spiteful all the time everyone is not out to destroy the world boss.
have a nice day
The green are the more tactful ways of saying things... wow man.
That domain is worth the price of registration only - $5-$10
Certainly explains why you want to get rid of it.
Certainly explains why you want to get rid of it.
Vod sorry you feel that way, but if you were not interested you could have said it in a little more tactful manner.
I do not see it worth that value but someone else might.
Or I do not agree with the valuation.
I hope in your real life you do not carry such a jaded feelings its going to give you a heart attack man.
No need to be so spiteful all the time everyone is not out to destroy the world boss.
have a nice day
Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open
so much fake volume. 
I agree and from what I have noticed myself, the fake volume only happens when people are active on the forum. So it must be someone who is online now.
If you do not like the terms or conditions do not invest I have answered all your questions. I feel as you are just trolling now, or uneducated one or the other and as stated by the gentleman above I doubt you have the funds to loan in the first place.
I will be on skype today SN: cryptoREI if you would like to talk Real Estate, Real Estate wholesaling, Fix and Flips, Alt Funding and such
I will be on skype today SN: cryptoREI if you would like to talk Real Estate, Real Estate wholesaling, Fix and Flips, Alt Funding and such
Its not a LLC Idea it is a method it is very common so strike that through. The LLC is the escrow for the property understand that? Borrower defaults the lender has the property. Its like a legal multisig is the best way I can explain it.
Why would the lender go after the borrower if you have collateral worth more then the loan in your possession?
If the property is not able to sell for the amount of the loan then the lender will lose. The kind of real estate you are talking about is speculative and is not guaranteed to increase in value. You have collateral but the collateral may not sell for the amount of the loan, traditionally speaking when this happens the lender would go after the borrower personally, with a LLC arrangement this is not possible. Why would the lender go after the borrower if you have collateral worth more then the loan in your possession?
Why should I pay more then 50% when I am physically out there fixing and finding the property? Getting them ready for market and selling them?
Your time and expertise is not worth this much. The lender could hire his own contractors to preform the repairs himself for less cost/risk. If you want to come swing a hammer and work I will be will to give you more of the cut. I can wholesale you the property for +10K on top of the prices listed if interested and you can do it all the work yourself if you think you are up to it 
.
Why would anyone ever do that? If someone wanted to handle the repairs themselves they would buy the property from whoever is selling them directly. Do you somehow think that you making a post on the internet somehow entitiles you to $10k if they end up buying a distressed property because of it?. Break down of math for you
Total Loan 73,000
Total Collateral 109,000
Its like someone giving you 149.32% collateral on your loan.
--snip---
--snip---
See my first comment. Total Loan 73,000
Total Collateral 109,000
Its like someone giving you 149.32% collateral on your loan.
--snip---
--snip---Start reading here http://www.biggerpockets.com/ come back after you have read this part
http://www.biggerpockets.com/real-estate-investing
Then visit
http://www.hamiltonridge.com/
http://www.thenorrisgroup.com/
http://www.dohardmoney.com/
http://www.pinefinancialgroup.com/
http://maggiocapital.com/
http://shermanbridge.com/biggerpockets/
http://wdbfunding.com/
1) Lender never lend more then 70% of the ARV of the property. So if something does fail they can at least get the money back.
2) If a lender wants to find discounted properties.... then they would not be a lender. They would be a fix and flipper lol. Its called passive real estate investing.
https://www.realtymogul.com/blog/5-reasons-for-passive-real-estate-investing
3) Non of these houses are "for sale" the are not listed. These are houses that would never qualify for a traditional loan. It takes 60+ hours a week to find these properties. 1/20 is not even worth the time. But I visit them all
Quote
//traditionally speaking when this happens the lender would go after the borrower personally, with a LLC arrangement this is not possible.
Key word bolded this does not fit in that category.... its a REI loan.Wow I kinda laid to rest bitcoin interest in such deals,
Not a scam at all, your money is protected. I will explain, if you have questions please ask I love to talk real estate.
That is correct the lender will get the money back + interest. If that is how the deal is structured.
The second choice is whats called equity partners, this is when the lender and the flipper splits the profit 50/50 this is usually how it works for the first time. It is a way you prove to your money you can do the deal and make them money.
Now in response to the foreclosure, the simplest and easiest way to make a 0 cost foreclosure is to purchase the property under a LLC. The private money lender holds 51% of LLC so if the borrower defaults he can sell the property at any time. This cost 0 dollars and can be done in a matter of days.
BTW on the property listed above the person who purchased it made 26k off it after all costs.
Your LLC Not a scam at all, your money is protected. I will explain, if you have questions please ask I love to talk real estate
.That is correct the lender will get the money back + interest. If that is how the deal is structured.
The second choice is whats called equity partners, this is when the lender and the flipper splits the profit 50/50 this is usually how it works for the first time. It is a way you prove to your money you can do the deal and make them money.
Now in response to the foreclosure, the simplest and easiest way to make a 0 cost foreclosure is to purchase the property under a LLC. The private money lender holds 51% of LLC so if the borrower defaults he can sell the property at any time. This cost 0 dollars and can be done in a matter of days.
BTW on the property listed above the person who purchased it made 26k off it after all costs.
Also it appears that the lender is taking on the vast majority (90%+) of the risk but only sharing in 50% of the profit
this does not seem fair to meI am guessing you have 0 experience in Real Estate investing correct?
Its not a LLC Idea it is a method it is very common so strike that through. The LLC is the escrow for the property understand that? Borrower defaults the lender has the property. Its like a legal multisig is the best way I can explain it.
Why would the lender go after the borrower if you have collateral worth more then the loan in your possession?
Why should I pay more then 50% when I am physically out there fixing and finding the property? Getting them ready for market and selling them?
If you want to come swing a hammer and work I will be will to give you more of the cut. I can wholesale you the property for +10K on top of the prices listed if interested and you can do it all the work yourself if you think you are up to it
. Break down of math for you
Total Loan 73,000
Total Collateral 109,000
Its like someone giving you 149.32% collateral on your loan.
Should have mentioned
Not all monies are paid at once I should tell you, they are paid in phases after the property is purchased.
Phase 1 gets X% of rehab funds
Phase 2 Gets X% of rehab funds
Phase 3 Gets X% of rehab funds
The next phase is only paid when the lender is satisfied that the last phases work is complete.
If anyone is wants to do a 50/50 split on LLC this is the property I am working on getting funded right now
3
BATHS 1
1/2 BATHS 1
FLOORS 1
SQ. FOOTAGE 1,282 sq. ft.
YEAR BUILT 1972
ACRES 0.26
63,000 Cost to purchase
15,000 Estimated repairs
---------------------------------Total Investment
78,000
Estimated profit 25k/2 12.5k Profit in you pocket for the loan.
Gain or Loss: $12,500.00
Percentage Gain or Loss: 16.0% <----- Find something else that yeilds like that
Annualized Return: 82.6%
Total Years: 0.246
This one needs a BOAT LOAD OF WORK
43,000
30,000
-------------Total investment
73,000
Comps put it in the area of 109,000
estimated profit 36k /2 you pocket 18k
Gain or Loss: $18,000.00
Percentage Gain or Loss: 24.7%
Annualized Return: 144.7%
Total Years: 144.7%
3
BATHS 1
1/2 BATHS 1
FLOORS 1
SQ. FOOTAGE 1,282 sq. ft.
YEAR BUILT 1972
ACRES 0.26
63,000 Cost to purchase
15,000 Estimated repairs
---------------------------------Total Investment
78,000
Estimated profit 25k/2 12.5k Profit in you pocket for the loan.
Gain or Loss: $12,500.00
Percentage Gain or Loss: 16.0% <----- Find something else that yeilds like that
Annualized Return: 82.6%
Total Years: 0.246
This one needs a BOAT LOAD OF WORK
43,000
30,000
-------------Total investment
73,000
Comps put it in the area of 109,000
estimated profit 36k /2 you pocket 18k
Gain or Loss: $18,000.00
Percentage Gain or Loss: 24.7%
Annualized Return: 144.7%
Total Years: 144.7%
looks like a scam 
go to a bank, if it's true you'll get a loan
go to a bank, if it's true you'll get a loan
banks do not lend on fix and flips...
Look at it like this on 100k loan for 30 years yields the bank $69,800.55 at a rate of 3.9%.
To a banker it does not make sense to loan out small amounts for small periods of time the yield is not good enough for them.
But people in the private money world make 12%-18% per year on money.
100k loan at 12% for 1 year total interest $6,618.55, the man power hours and paper work is not worth it to banks.
What is it I am offering, I am looking for a loan of $56,000 total to be paid back $62,720 in six months or less. If the time is longer then 6 months a extension for up to 6 more months with a fee of 5,000 dollars added. The loan will be placed in first lien position against the property. For those who are not familiar with liens this means you get paid first, then the leftover is paid as profit to myself.
So the lender will only get his/her money back when you sell the house?
Wow I kinda laid to rest bitcoin interest in such deals,
Not a scam at all, your money is protected. I will explain, if you have questions please ask I love to talk real estate
.That is correct the lender will get the money back + interest. If that is how the deal is structured.
The second choice is whats called equity partners, this is when the lender and the flipper splits the profit 50/50 this is usually how it works for the first time. It is a way you prove to your money you can do the deal and make them money.
Now in response to the foreclosure, the simplest and easiest way to make a 0 cost foreclosure is to purchase the property under a LLC. The private money lender holds 51% of LLC so if the borrower defaults he can sell the property at any time. This cost 0 dollars and can be done in a matter of days.
BTW on the property listed above the person who purchased it made 26k off it after all costs.
Looking for some input on my website, just trying to make it a good as possible. If anyone one would be so kind critique my site I would be thankful.
quicksalehelp.com
If you would rate it
Layout 1-10
Ease of use 1-10
Aesthetics 1-10
Over all 1-10
-------------------
Thanks again
quicksalehelp.com
If you would rate it
Layout 1-10
Ease of use 1-10
Aesthetics 1-10
Over all 1-10
-------------------
Thanks again
[4/2/2014] Xapo CEO: A Bitcoin Could Be Worth $1M in 10 Years
I was at a real estate investors meeting last Thursday, I talked to a couple people about bitcoin this is how all the convos went.
ME: Have you heard of bitcoin?
Them: Didn't it get hacked and fall apart or something?
Me; No that was a exchange
Them; oh...
ME: Have you heard of bitcoin?
Them: Didn't it get hacked and fall apart or something?
Me; No that was a exchange
Them; oh...
Had that (similar) conversation twice in the past week. First one, person felt bad that bitcoin just went through bankruptcy. Second one, person heard that the founder stole everybody's coins and he is now in jail awaiting trial.
Glad I am not the only one lol
I was at a real estate investors meeting last Thursday, I talked to a couple people about bitcoin this is how all the convos went.
ME: Have you heard of bitcoin?
Them: Didn't it get hacked and fall apart or something?
Me; No that was a exchange
Them; oh...
ME: Have you heard of bitcoin?
Them: Didn't it get hacked and fall apart or something?
Me; No that was a exchange
Them; oh...
Republic of Satoshi sounds very good
And Satoshi Nakamoto will be our President or Prime minister
And Satoshi Nakamoto will be our President or Prime minister
No we will do away with the title of "President and Prime Minster" and the leader will just be called The Satoshi
I Heard in the states
if you buy property without fiat (using gold for example) you dont have to pay property taxes or something like that
if thats true, then bitcoin could be a saviour
if you buy property without fiat (using gold for example) you dont have to pay property taxes or something like that
if thats true, then bitcoin could be a saviour
Not true... The local gov always wants property taxes. Most property is taxed at the city/county level.