We at Nelson House Buyers, LLC are currently looking to expand our real estate investment portfolio. In the past we’ve been working with individuals with IRA’s & private lenders. We have a stellar track record with each of our lenders with references to attest.
IRA Lending: Secured loan money to a borrower who uses real estate as collateral. Think of it as your IRA as a mortgage lender but with higher returns. Your IRA can lend money to qualified individuals & secure the note with real estate mortgages.
Self-directed IRA’s give you the flexibility to loan money like private lenders or banks. You have complete control in choosing the borrower, loan amount, interest rates and terms. And the loan would be secured by the real estate that you loan on.
Self-directed IRA’s give you the flexibility to loan money like private lenders or banks. You have complete control in choosing the borrower, loan amount, interest rates and terms. And the loan would be secured by the real estate that you loan on.
We pay very favorable rates. For example depending on the property, units, etc. our rates we are currently paying are 9% with $____ prepayment penalty for between ___ years (or longer if you prefer). We currently are primarily a holding company and we renovate and flip properties as well. We have an extensive background in buying, selling, renting, pre foreclosures, short sales, and much more.
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We have great opportunities to buy houses for great prices. Any loan we do on a property you will be in “first position.” We have many examples of properties we have done and currently own.
We belong to our local REIA Freedom First Real Estate Investment Association. We’re also on neighborhood planning committees and we volunteer within the community. We’re two local landlords revitalizing Rochester, NY one house at a time.
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"We have been lending money to Gail Smith and Barrington Nelson of Smith and Nelson, LLC for several years. The projects we have collaborated on have been residential housing restorations under $100,000.00. Our lending experience with them has been exceptionally good. They are easy to work with and are diligent in following up on any requests or information needed. The projects have been completed in a timely fashion without issue. I would recommend them as a borrower." Mark K.
- John Q. Public