PMF Partners Insights
Get Rich Quick! Right!
Originally published in 2022. Specific interest rates, loan sizes, and program details have likely changed since. For current terms, please contact PMF Partners.
You know a borrower just attended a get rich quick real estate seminar when they say:
What do you mean you don’t lend on residential real estate? I got your name from an exclusive listing of lenders available only to platinum members
No, I am going to purchase property creatively. I had $40,000 but I spent it on real estate education
As a lender, what can you do for me to help me reach my goals?
I formed an LLC and want to borrow $500,000 for working capital. I have no collateral and won’t provide a personal guarantee.
Here is my business plan. I plan to buy 10 houses the first year, 20 houses the second year,……………….50 houses the fifth year, and then live on the rental income.
- And my all-time favorite – “I’m going to report you to Carlton Sheets and you’ll never make a loan again!”
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