Real Estate Without The Property Management
Some people are drawn to real estate but not to property management. Private lending is one way to take part without that responsibility. Our company purchases and renovates residential homes in the Cleveland area, and on select projects we may partner with qualified individuals. Every arrangement is structured and documented in advance, with a defined timeline and terms both parties agree to. Depending on the project, the arrangement may be secured by a mortgage or deed of trust.
The Basic Idea
You participate in a specific project without owning the property. Terms are established in writing beforehand, and arrangements are often secured by a mortgage or deed of trust.
Understanding The Structure
Lending opportunities backed by residential real estate are structured individually, with terms and timing set out before anything is signed. Take time with the details of each project. What works for one person’s goals may not work for another’s, and that judgment belongs to you.