Comments on: Got my first check from the money lending http://www.livelearninvest.com/got-my-first-check-from-the-money-lending/ Living life to its fullest by generating passive income through investments Mon, 06 Sep 2010 18:40:53 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: bill or puss_n_boots_owner@yahoo.com http://www.livelearninvest.com/got-my-first-check-from-the-money-lending/comment-page-1/#comment-19539 bill or puss_n_boots_owner@yahoo.com Tue, 08 Jan 2008 06:22:05 +0000 http://www.livelearninvest.com/2007/01/04/got-my-first-check-from-the-money-lending/#comment-19539 hmmm that dint seem to post hmmm that dint seem to post

]]> By: Kenric http://www.livelearninvest.com/got-my-first-check-from-the-money-lending/comment-page-1/#comment-1338 Kenric Sun, 07 Jan 2007 19:49:53 +0000 http://www.livelearninvest.com/2007/01/04/got-my-first-check-from-the-money-lending/#comment-1338 Nick, I think you'll find that there are many people out there who do not invest or do not wish to understand investing. There are many people who will gladly take 5+ % return. There is no guarantee on their capital. Nick, I think you’ll find that there are many people out there who do not invest or do not wish to understand investing. There are many people who will gladly take 5+ % return. There is no guarantee on their capital.

]]> By: Kenric http://www.livelearninvest.com/got-my-first-check-from-the-money-lending/comment-page-1/#comment-1337 Kenric Sun, 07 Jan 2007 19:46:50 +0000 http://www.livelearninvest.com/2007/01/04/got-my-first-check-from-the-money-lending/#comment-1337 ubu50, it is an interest only loan with the full principle due in 1 year. The capital out is being put up by the members of the larger portion of the loan. Basically, if the borrow defaults, the majority holders of the loan will buy you out. It is in their benefit to try to get as much stake of the loan prior to going to foreclosure. ubu50, it is an interest only loan with the full principle due in 1 year.

The capital out is being put up by the members of the larger portion of the loan.

Basically, if the borrow defaults, the majority holders of the loan will buy you out. It is in their benefit to try to get as much stake of the loan prior to going to foreclosure.

]]> By: ubu50 http://www.livelearninvest.com/got-my-first-check-from-the-money-lending/comment-page-1/#comment-1333 ubu50 Sat, 06 Jan 2007 22:20:16 +0000 http://www.livelearninvest.com/2007/01/04/got-my-first-check-from-the-money-lending/#comment-1333 How are they paying off the principle? Is this an "interest only" loan? I'm a little confused over why the check is only for $230. Also, if the property defaults, or the borrowers declare bankruptcy, how can you get your capital out without being part of the bankruptcy process? How are they paying off the principle? Is this an “interest only” loan? I’m a little confused over why the check is only for $230.

Also, if the property defaults, or the borrowers declare bankruptcy, how can you get your capital out without being part of the bankruptcy process?

]]> By: NLG http://www.livelearninvest.com/got-my-first-check-from-the-money-lending/comment-page-1/#comment-1322 NLG Fri, 05 Jan 2007 17:24:02 +0000 http://www.livelearninvest.com/2007/01/04/got-my-first-check-from-the-money-lending/#comment-1322 Kenric, I'm interested to know how you've managed to network so well to attract investors with money, but who do not necessarily have the resources to invest in real estate directly, or find their own investment opportunities that pay 11%. Also, what guarantees do you make to your clients on their capital? Just that it is secured against a 1st mortgage? Thanks! Nick Kenric,

I’m interested to know how you’ve managed to network so well to attract investors with money, but who do not necessarily have the resources to invest in real estate directly, or find their own investment opportunities that pay 11%.

Also, what guarantees do you make to your clients on their capital? Just that it is secured against a 1st mortgage?

Thanks!

Nick

]]> By: Kenric http://www.livelearninvest.com/got-my-first-check-from-the-money-lending/comment-page-1/#comment-1317 Kenric Fri, 05 Jan 2007 00:53:38 +0000 http://www.livelearninvest.com/2007/01/04/got-my-first-check-from-the-money-lending/#comment-1317 OG, now you're thinking big!! I need to deposit $200,000 so I can get $1800 a month. That should cover the payment for a used F360. OG, now you’re thinking big!! I need to deposit $200,000 so I can get $1800 a month. That should cover the payment for a used F360.

]]> By: Kenric http://www.livelearninvest.com/got-my-first-check-from-the-money-lending/comment-page-1/#comment-1316 Kenric Fri, 05 Jan 2007 00:51:55 +0000 http://www.livelearninvest.com/2007/01/04/got-my-first-check-from-the-money-lending/#comment-1316 Moom, There's always the possibility of default. There are two solutions set up by the company in the event of a default. The $25,000 loan is part of a $3,700,000 1st loan on a commercial property. If the property defaults you have the option of getting your capital back within 30 days or to be a part of the foreclosure process in which case any capital gains would be paid percentage wise. Historically, most investors choose to go through the foreclosure process instead of opting out. Moom,

There’s always the possibility of default. There are two solutions set up by the company in the event of a default.

The $25,000 loan is part of a $3,700,000 1st loan on a commercial property. If the property defaults you have the option of getting your capital back within 30 days or to be a part of the foreclosure process in which case any capital gains would be paid percentage wise. Historically, most investors choose to go through the foreclosure process instead of opting out.

]]> By: RealOG http://www.livelearninvest.com/got-my-first-check-from-the-money-lending/comment-page-1/#comment-1315 RealOG Thu, 04 Jan 2007 18:06:09 +0000 http://www.livelearninvest.com/2007/01/04/got-my-first-check-from-the-money-lending/#comment-1315 I say delay gratification, reinvest the 50k in a better deal, and in 5 years buy a $200k car. Rent it out to posers once in a while and use it for photo shoots to get a write off. Also doubles as a chick magnet for gold diggers in scottsdale! I say delay gratification, reinvest the 50k in a better deal, and in 5 years buy a $200k car.

Rent it out to posers once in a while and use it for photo shoots to get a write off. Also doubles as a chick magnet for gold diggers in scottsdale!

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