OfflineI recently came across a site, www.PrivateMoneyGoldmine.com, and I'm wondering if anyone has any reviews or comments about them. It seems like a pretty great program, but wanted to see if anyone had any experience before I tried them. Thanks so much and have a Merry Christmas!
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Jonny Carlson
612.963.3445
"Looking to invest in properties in the Twin Cities"
#FLIP-Faith.Love.Integrity.Positivity.
Hey, Jonny~
Be aware that many of these types of subscriber lists for "private money" are mostly individuals who are hard money lenders, mortgage brokers, and the like...
not "Dutch Uncles."
Perhaps, you can look to relatives or friends who have an IRA or 401K retirement account. They may have interest in investing their money in real estate for a much better return on their investment. Do some poking and research to see what it takes to invest with these vehicles. You'll also find a local Self-Directed IRA Specialist or two at your REI club(s). Often they have [free] educational classes and/or consultations to explain and help with plans, administration, and tax advantages. You and your potential partner can attend together. With SDIRAs, there is the freedom to invest in (and control) tangible assets such as real estate, land, foreclosures, promissory notes & loans, commercial property, LLCs, LPs, JVs, and precious metals, etc.
Happy Prospering! ~Kat, Liberty Residential Investment Acquisitions
• "To every thing there is a season, & a time to every purpose..." ~Ecclesiastes 3:1-8
• "Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy!" ~Dale Carnegie
• "Begin, be bold, and venture to be wise." ~Horace
• "Never, never, never give up." ~Winston Churchill
• "Whatever you do, or dream you can, begin it. Boldness has genius and power and magic in it." ~Johann Wolfgang von Goethe
thanks for the input!
Jonny Carlson
612.963.3445
"Looking to invest in properties in the Twin Cities"
#FLIP-Faith.Love.Integrity.Positivity.
Hey Jonny,
I have not heard of this site before and honestly have not had a chance to look over it. I agree with Liberty Kat as well with their suggestion. If you are looking for hard money or private money check out some from deans other site www.totalviewrealestate.com click on step 2 and see the entire list. A couple other students have used and liked a lot are www.brokeviewfinancial.com, www.besttransactionfunding.com, and also try www.morfinancial.com.
Thanks,
Shah
thanks for the info Shah!
Jonny Carlson
612.963.3445
"Looking to invest in properties in the Twin Cities"
#FLIP-Faith.Love.Integrity.Positivity.
looks like this is a third party person who charges you a monthly fee to give you access to a list of PMLs and HMLs; you still have to contact each lender on the list on your own and find out how much they charge, what their requirements are, etc.
I would call them and talk to them to find out more about them; do they have any references? how long have they been in business? do you have to pay any fees upfront besides the website access fee? (that would be a red flag), do they refund your money if you decide it's not for you?
Due diligence always a must!
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...