Frequently Asked Questions

We work with investors that want to build wealth and increase their income passively by investing in real estate. We offer securities to our investors that are backed by the collateral themselves. Greenline Homes does all the work in regards to the investment; while our investors patiently wait and makes a profit depending on the lending term they agreed upon.

We borrow from the bank and are asked to sign a guarantee. They also offer us a 3.5% rate and a 10 to 30 year term, fully amortized. We will guarantee the note if you want 3.5% interest instead of 8% to 12%.

Our estate will either continue to operate your accounts, Greenline Homes will liquidate the accounts and pay you in full...or…you can assume the property.

We will send you a statement on or before January 31 of each year that you can forward to your CPA or tax preparer. The statement will show how much interest you have earned for the year. It will be categorized as “Interest Income” and you will need to pay tax on it unless you are getting paid on money you loaned from your “Self-Directed Retirement” account.

We have partners that can show you how you can self-direct your retirement funds which will allow you to access your money from your retirement accounts.

We have many investment opportunities that are attractive to many passive investors. It will depend on your individual goals.

Greenline Homes pays you regardless of who does or does not pay. We will personally go through any means necessary to pay back our private money lenders. Our goal is to make this a passive investment for you worry free. You just go to your mailbox and deposit your payments each month.

Whether we make money or not, we pay you regardless of the situation.

No matter how much capital we have, we are still limited in the number of properties we can buy. By partnering with Private Money Lenders it allows us to buy an infinite number of properties to keep creating wealth opportunities for potential lenders.

Our goal is to purchase as many homes as we can to help as many families as we can become homeowners. Once the property is under contract, we present our private money lenders (PML) with an opportunity to invest. This means our PMLs will fund all or some of the purchase price, the renovation costs (or both), holding costs, or just the down payment. It all depends on the deal. Our PMLs also have an opportunity to earn double digit returns, unlike the returns we typically see in the bank, stock market, or retirement accounts, with a protected, secured and insured asset.

We will provide a promissory note summarizing the terms and conditions of your loan, a homeowners insurance policy listing you as a beneficiary, and we record a mortgage against the property with your name listed so that we can’t sell the property without your written consent.

Banks have a very time consuming and cumbersome process. We can’t close quickly if we work with a bank. Most of the homes we buy require a quick close in order for our offer to be competitive.

No. Your funds will be attached to one property secured by a mortgage and you will have your own separate set of loan docs. On occasion, depending on the size of the deal, we may have multiple lenders on one deal but each lender will have their own separate set of loan docs, and each lender will be assigned a separate lien position.

All of our contracts are set up with a 36 month holding period, but our goal is for our families to be able to buy as soon as possible. You will receive your principal back in one lump sum at closing. Your name and balance due will be captured on the HUD statement as a lender. We will provide loan docs on your behalf so that all you need to do is review and approve them. We will also cover your attorney fees if you’d like a neutral 3rd party to review the loan docs. They are, however, very straight forward, easy to read, and we have already paid our attorney to review them.

We will open up a third party escrow account with a local title company. We will draw from the account as needed and cover all of the associated fees.

Nothing is guaranteed. Worst case scenario, you have to be ok never seeing this 
money again. HOWEVER, the probability of that happening is not likely
because we make our money when we buy. All of our buying criteria is based 
upon actual data. We work with a team of experts who have been in business for many years and we focus on strategic markets. All that said, on the rare occasion that the deal does go south, all of the projected profits are gone and we are no longer able to cover your investment out of pocket, then you have the legal right to foreclose on the property because of the recorded mortgage against the property with your name on it. Most of the time when deals “go south,” we simply don’t make as much profit as we forecasted.

You have a piece of “Real Property” as collateral for this loan. If we DO NOT pay you as agreed, then simply call your local real estate attorney and have them foreclose, and you will be the new owner of the property.

The proof is in the paperwork. You will know you have a true first lien position when you receive paperwork that is signed and notarized by the County Clerk that includes a time & date stamp.