Who have you opened your account with? What’s the level in ease of use and getting access to your funds?

Do not lend without underwriting first! You will see a lot of second position deals when branding yourself as a PML. Whenever you are lending in second position, you have to know what first position owed before you even know if it's a deal worth looking at. Think of it this way, if you have a cup 75% full of water. You can only fill it 25% more before it overflows. The borrower might be asking you for that 25%(or a certain amount in second position) but without knowing how full the cup is already, you could be at risk of overflowing the cup. Overflowing the Cup = UPSIDE DOWN MORTGAGE in real estate world. You DO NOT want to lend more $$ on a property than the value of that property. You always want to lend LESS than what a property is worth, not more. If there is a lender already on the property, they are first position, and you HAVE to know what they are owed before you consider putting more debt on the property. Comment below if this provides clarity! Remember do not ever rush into deals, especially if you don't know what you are looking at.

Hi guys! I’m a PML, flipper, wholesaler here in Charleston, SC. I have a deal I’m working that I would consider using private funds. I’m liquid to take it down myself, but wanted to potentially put it out to the group. Is this allowed? I don’t want to step on any toes here. Can we use this platform to network with other lenders for our own deals? Or is this more for information, learning and pooling funds for Alexis’s deals. Reluctant to post details until I get some clarity on this. Thanks all!

What is underwriting? The most important thing for a lender is to make sure they get all their money back. The second most important thing is to make the best return on their money. It is crucial to figure out what the property you are lending on is worth as-is in order to know the most you can lend on it and be safe. Comment here how comfortable you feel right now 1-10 on your underwriting skills. 1 being brand newbie and 10 being GENIUS level. 🚩DO NOT START LENDING UNLESS YOU FIRST UNDERSTAND HOW TO UNDERWRITE! 🚩

Hi Alexis and group! I'm excited to be part of this group and wanted to introduce myself! I am a PML, Elite Gator, and soon-to-be Unicorn RE Agent in the Austin / San Antonio / Texas Hill Country market. I have rolled over a previous employer's 401(k), earning 4-5% returns on mutual funds, into a self-directed Solo K, passively earning double digit returns backed by real estate. I want to learn how to help other business professionals do the same. As I near early retirement from a career in the financial services industry, I want to grow a lending business that provides me the flexibility Alexis mentioned, while growing generational wealth. Am happy to be learning from the best and look forward to getting to know you all!