Whoohoo! $150k! Now what?! - Posted by GSP

Real Estate Investing Real Estate Financing
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Posted by GSP on July 09, 2003 at 14:26:13:

San Diego, with property in Clearwater Florida as well.

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Whoohoo! $150k! Now what?! - Posted by GSP

Posted by GSP on July 08, 2003 at 18:09:03:

Got the cash. Now, before I go trading it in for a handful of worthless magic beans, I’d like to explore the private lending world. Only problem is that the instruction manual wasn’t included with the cash somehow. Does anyone have a copy I can borrow?

Seriously, how does one learn HML; caveats, terms, roi, good vs bad?

Thanks.

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Re: Whoohoo! $150k! Now what?! - Posted by Steve

Posted by Steve on July 17, 2003 at 14:35:47:

Are you looking to learn how to lend out your money or are you interested in having someone lend it out for you at a high rate of return?

Either way I may be of assistance to you. Please contact me at steve_o27@yahoo.com.

Thanks,
Steve

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Re: Whoohoo! $150k! Now what?! - Posted by Chris Smith

Posted by Chris Smith on July 11, 2003 at 21:16:46:

Discounted paper is interesting. Maybe you should check it out.

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My guess . . . - Posted by DaveD(WI)

Posted by DaveD(WI) on July 10, 2003 at 09:59:12:

. . . is you probably won’t be willing to put it out for the same terms you wanted back in the day when you needed HML yourself :wink:

Congrats on having a chunk of cash to play with. The world of lending is much more boring than the world of deals. Chances are you’ll tire of it. Until then, the trick is to reconcile your greed glands with what the market will bear. You, to a certain extent, make the rules. Just be sure what you do is correct for your state.

All the best. . .
Dave

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Re: Whoohoo! $150k! Now what?! - Posted by Maiysha

Posted by Maiysha on July 09, 2003 at 11:10:37:

What state are you in?

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Re: Whoohoo! $150k! Now what?! - Posted by James Strange

Posted by James Strange on July 08, 2003 at 20:05:55:

First thing to do is lean the lending laws of the state that you are in.