Private lending - real estate

Intel
gwailoh

Go to company page Intel

gwailoh
Jan 14, 2020 8 Comments

Hi all,

Occasionally, I see people on Blind asking for advice on how to get passive income. I invest in real estate, in particular private lending.

If you live in Canada and am curious about how to break into investing in real estate, DM me. I'd love to have a conversation with you. I want to do my part to help people get out of the rat race.

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TOP 8 Comments
  • With rates so low why would someone borrow from a loan shark like you over a traditional lender?
    Jan 14, 2020 4
    • Cisco
      sirblargal

      Go to company page Cisco

      sirblargal
      Private real estate lenders specialize in bridge loans. These are often less than 24 months in lending period.

      In the US this is a common practice in the commercial real estate sector or among investors. It is practically illegal for a private individual to offer residential loans to home owners, so these wouldn't be for the average Joe
      Jan 14, 2020
    • Intel
      gwailoh

      Go to company page Intel

      gwailoh
      OP
      Yes, don't lend out money to people looking to buy a home.
      Jan 14, 2020
  • Cisco
    sirblargal

    Go to company page Cisco

    sirblargal
    I'm in the US but I'm curious how you initially broke into this? How did you get quickly up to speed, what's your evaluation criteria, preferred terms, kind of deal, etc. It's something I'd like to look into myself after a few more years of real estate investing.
    Jan 14, 2020 1
    • Intel
      gwailoh

      Go to company page Intel

      gwailoh
      OP
      I understand your fear. For me, the key is finding the right sort of people to work with. If you can find a dedicated and good real estate investor to continually lend money to, your money will be in safe hands. So it's not just about evaluating the fixer upper. Real estate investing is a lot about making the right connections.

      You mention you live in the US. I do know some very good real estate investors who do private lending in US. DM me if you are interested.
      Jan 14, 2020
  • E*Trade / Finance
    cbEV72

    Go to company page E*Trade Finance

    cbEV72
    So you are a bank
    Jan 14, 2020 0