I am exploring this venue to see if it may work.
QR Code Link to This Post
I am looking for someone that has money in the bank that is not earning any decent interest.
I am looking for a personal loan secured by 3 properties.
My personal one that has over $50k in equity, and 2 rentals that have about between $25-30k in equity each.
All together there is at least $100,000 in equity in all 3 properties. I am providing a lot more in collateral than what i actually need.
I need somewhere around $65,000. Payable in 5 years at 10% interest.
Monthly payment will be between $1300-1400.
Interest alone monthly is over $500. Not a bad return on the loan.
Over the life of the loan the interest accumulated will be almost $18,000.
I need the money to pay off personal debts and consolidate it all into one payment. I am tired of throwing all the money in interest and give it to institutions that I mean nothing to. Would rather give the interest to an actual person who can appreciate and can use the extra money earned on his or her money.
I am a Real Estate Investor, Broker and own a business, and do other things. Most likely i will be paying off the loan much much sooner than 5 years. Afterwards perhaps the person that helps me with this predicament, may want to work with me on the future real estate investments i will be making and make good money in the process.
I flip houses, you can learn that business if you would like to learn.
If someone that can broker this deal sees my post, you know someone that has some money and may want to earn some interest, i will be glad to pay you a good commision for the help.
Look forward to doing some business and creating a long lasting business relationship.