Loan Request

Presented by
Daniel O
Daniel O

Created On: November 29th, 2017

Updated On: November 29th, 2017

Loan Request in Austin, TX

Amount: $90,000

Interest Rate: 5%

Duration: 5 Years

Category: Real Estate

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Looking for future lending partner

Posted on November 29th, 2017| Updated on November 29th, 2017| by Daniel O

I own a couple rentals today and I'm looking to move into real estate as a full time job eventually supporting myself via buy and hold cash flow. I'm looking for someone interested in funding multiple deals ~100k each every couple months.

I'll purchase properties cash using personal funding, make any necessary repairs or upgrades using personal money, and then pull out the equity using your funds after finding a tenant as I move to the next home.

Lower interest rate is key as I'm looking for cash flow. Required LTV is negotiable on my end, of course the higher the better but I have personal funds to leave some skin in the game to secure a lower rate if needed. Looking for a minimum of 5 year term with 30 year amortization or interest only.

Personal credit is well established w/ score 800. These properties will be held in a series LLC, you'll be the only lien holder and I can personally guarantee if needed however my income will be in flux as I move from my 9-5 job of being a Director in a Project Management role to full time landlord.

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Tom Harrier
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