Partners in Private Funding

I know a banker and his partner who recently purchased and remodeled a building that was once a doctor’s office. They turned the space into 7 small suites, a conference room and a kitchenette. They advertised for occupants with an ad looking for entrepreneurs with ideas for a business who needed some space in which to grow and offered seed loans for the startups.  His motive is multifaceted, to rebuild the downtown business section of the town he lives in and to put some of his money to work for his community. He also wants his hometown to be vibrant and is offended when someone says, there is nothing going on in that downtown. Like all good investors, the partners are also interested in putting their money to work to make more money in the form of income.

These partners specialize in fix-n-rent business investments. Most recently the duo closed on a property that they will remodel from a Victorian house on the corner of a small downtown into a used bookstore, bar, and coffee shop with an outdoor patio area. The purchaser? A publisher who still loves physical books more than online articles.

What else has these small town fix-n-flip investors been up to? They remodeled a ballet studio into a financial investment office with a family psychologist renting a back office with a separate entrance, turned an insurance office into a yoga studio, turned a paint store into a gift and DIY furniture rehab shop, and helped a daughter purchase her mother’s restaurant business lock, stock, and liquor license.

If you are interested in putting your money to good work in your community, become a private lender and work with me. I am focused on funding success, both yours, and the buyers.

Competition for good rental properties is stiff, and in order to buy a property in a climate of competition a buyer need funds fast. As a broker, I help people find funds for their fix-n-flip and fix-n-rent project. Be a private lender with me and put your money to work for you.

Call me and let’s set up a meeting.

Patrick StCin, 512-213-2271

e-mail: patrick@REICapital.cash

A Cursive Business

I’m not exactly sure when they took cursive writing out of the elementary school curriculum, but it truly was a loss. So many grandparents were in for a shock when their grandkids could not read their birthday cards, and with the passage of time, even the parents of the children cannot read the cards to them.

Well thankfully, cursive hand writing is making a comeback according to a blog on Medium by Jon Marcus. It is being required once again in elementary schools in North Carolina and Arizona, and he tells us about the Sip & Script, a 3-year old company that organizes a 90-min class near Harvard University where an assortment of people 20 to 50 years old gather to sip flavored water and practice their penmanship.

When I read this blog, I thought “What a novel idea for a business.” The Sip and Script is an example of the type of small business that might move into a newly remodeled office building, one of those former utility buildings or warehouses that have been remodeled and turned into retail or office rental space.

I know a banker and his partner who recently purchased and remodeled a building that was once a doctor’s office. They turned the space into 7 small suites, a conference room and a kitchenette. They advertised for occupants with an ad looking for entrepreneurs with ideas for a business who needed some space in which to grow and offered seed loans for the startups.  His motive is multifaceted, to rebuild the downtown business section of the town he lives in and to put some of his money to work for his community. Like all good investors, the partners are also interested in putting their money to work to make more money.

Their building is now fully occupied by a not-for-profit, a small publisher, a community newspaper, a pair of accountants, and a therapeutic masseuse. As the businesses move in and get underway, they will pay rent and enliven an unused downtown building and eventually be attractive to investors interested in buying office space as rental property.

Like so many entrepreneurs, the owners of the Sip and Script cursive writing business saw a need and put their skills to use fulfilling that need. That is what it takes to thrive.

As for cursive writing — it takes practice.

Drop me a line if you are interested in investing in a commercial fix-n-flip project in business rental space. Perhaps you are the one that wants to loan the money or maybe you have a building in mind that you want to remodel and need cash for that purpose. Either way, I can be reached at

Patrick@InvestorsLendingSource.com

512-213-2271

Austin, Texas

To read more about the cursive revival visit Marcus’ blog at https://medium.com/

Why Lending May Be Your Investment Route to Profit and Revolution

“Oh my God! This thing is going to the moon and I’m not in it?”Apollo_15_launch

Reid Hoffman cofounder of LinkedIn

In the September 2018 Wall Street Journal article, “LinkedIn Co-Founder Reid Hoffman Talks About His Best and Worst Bets,” Chris Kornelis interviews Reid Hoffman who says that it is the missed opportunities, not losses, that he regrets.

His best bet, according to the article was joining the board of Confinity, the company that launched PayPal and revolutionized online payments. “It’s what led me to being able to do angel investing and what led me to essentially finance the first money in LinkedIn,” Reid said.

Hoffman’s investment strategy is long-term and hands on. He recommends that if you choose an investment based on talent, “that talent has to be so strong that you want to be working with them for a decade.”

Short-Term Investment Rewards

Although investing in real estate projects is a bit of a different beast than technology investing, it still offers rewards that include profit for your risk, and it may launch you into new directions, careers, and interests. As a private lender, you would expect a much more secure and short-term investment experience. Your investment in the form of a loan to a borrower interested in remodeling and reselling real estate would be secured by the real estate, and the project would be completed in a few months or a year. Of course, the profit is also less likely to go “to the moon” and would be more modest.

Ability, Schedule, Community

There are still judgments you would need to make that are like the ones Mr. Hoffman had to make. While Hoffman looked at market position, team, and momentum when he made his investment decisions, relying heavily on his feeling about the team, you as a lender for a real estate remodeling project would rely most heavily on the value of the property, the borrower’s ability to clearly communicate their ability and their schedule, and the desirability of the community that surrounds the project.

If you have money that is idle, you might want to put it to good use building not only a project, but perhaps your career, someone else’s career, or maybe even a revolution.

Read the full article by Chris Kornelis for more inspiration for your investing and lending goals.

Kornelis, C. 2018. LinkedIn Co-founder Reid Hoffman Talks about His Best and His Worst Bets. Available at https://www.wsj.com/articles/linkedin-co-founder-reid-hoffman-talks-about-his-best-and-worst-bets-1536545341. Accessed November 2018.