BE THE BANK! Fund Real Estate Deals with Real Property Hero. We are offering investment opportunities for private money lenders with 20K or more to lend on real estate. Lending on real estate as a private money lender will typically get you a better return on your investment than any bank or retirement funds. Receive monthly payments and make more interest on your money than the usual investment strategies.
Being a private money lender for Real Property Hero can be considered a relatively secure investment due to the same type of protective measures banks on real estate, along with the experience of a seasoned real estate Broker-Investor, and the long reliability of the American real estate market. Here’s a brief explanation of four points that contribute to the security of your investment:
- Deed of Trust: A deed of trust is a legal document that secures the lender’s interest in the property. It establishes the lender as a beneficiary and allows them to initiate foreclosure proceedings in the event of default by the borrower. This document provides a legal recourse for the lender to recover their investment through the sale of the property.
- Promissory Note: The promissory note outlines the terms and conditions of the loan, including the repayment schedule, interest rate, and any other relevant provisions. It serves as evidence of the borrower’s promise to repay the loan. If the borrower defaults, the lender can use the promissory note as documentation to pursue legal action and seek repayment.
- Co-Listing on Insurance: By being co-listed on the insurance policy of the property, the lender ensures that they are notified in case of any potential damage or loss to the property. This helps protect the lender’s investment by ensuring that insurance claims are appropriately handled, and necessary repairs or replacements are made.
- Lender’s Policy (Insurance) from the Title Company: The lender’s policy, obtained from a title company, provides protection to the lender against potential title defects or claims on the property. It helps ensure that the property has a clear title, free from any liens or encumbrances that could jeopardize the lender’s position. In the event of a title dispute, the lender’s policy offers financial protection and legal recourse.
- The Real Property Hero guarantee! We guarantee your original investment, plus interest will come to you as promised. Mike Dee, owner of Real Property Hero, is going on 20 years in real estate as a licensed Real Estate Broker with the State of Texas. No complaints. No foreclosures. No Lawsuits, No debts unpaid… and it’s 2023!
These measures collectively offer safeguards to the private money lender, reducing the risk associated with the investment in real estate lending. They provide legal and financial protections that help mitigate potential losses in the event of default, property damage, or title issues. However, it’s important to note that investing in real estate, even as a private money lender, still carries some risks, but working with Real Property Hero and their due diligence on the local real estate market and the value of the real estate is crucial before entering into any lending arrangement. Consulting with legal and financial professionals can provide further guidance and ensure compliance with applicable laws and regulations.