Navigating Builder Land Acquisition & Individual Real Estate Investing Solutions
The busiest real estate season of the year is upon us, making it the perfect time to discuss the diverse financing and investing products available to buyers and builders. Today, I'm excited to welcome Scott Rerucha, CEO of Legacy Group Capital, to our Eastside Elevated discussion. Scott brings a wealth of knowledge on solutions that create opportunities for individual real estate investing and builder acquisitions, alongside consumer lending resources.
Understanding Legacy Group Capital's Approach
A common question arises with non-conforming lending: Is Legacy considered a hard money lender? Scott clarifies this distinction. Unlike hard money lenders, who lend based solely on the value of the collateral, Legacy is classified as a private lender. This means they prioritize the borrower’s exit strategy and the viability of the project rather than simply relying on collateral or asset value.
Common Sense Lending for Consistent Returns
Scott explains that Legacy operates with a thorough approach to due diligence. For example, when financing a construction loan for someone building their dream home, they ensure that the borrower qualifies for an exit strategy loan that will pay off the construction loan once the home is finished. This careful consideration has resulted in Legacy's impressive track record—after 18 years in lending, they have never had to foreclose on a property.
Collaborative Builder Opportunities for Lending & Acquisitions
Legacy Group Capital goes beyond traditional lending. They partner with builders by investing additional capital alongside them, if needed, ensuring that builders have the resources to secure the financing they require. This collaborative model enhances the potential for successful projects and helps create more homes in the community.
Access to Lucrative Real Estate Ventures without Active Management
In addition, Legacy has established four investment funds, attracting 1,200 local investors who have contributed over $500 million over 18 years. This pooled investment allows individuals to participate in the real estate market without managing properties or signing on debt. Instead, they benefit from the expertise of Legacy's seasoned professionals, which has yielded impressive double-digit returns without any investor losses.
The Best-Kept Secret in Real Estate Investment
Scott highlights that Legacy's success has made it one of the best-kept secrets in the Puget Sound area. Many local investors have discovered the opportunities it provides, and with a consistent record of strong returns, it’s an attractive option for those looking to enter the real estate market.
If you're seeking fast and flexible loan solutions for your next project, I encourage you to explore Part I of our special with Legacy Group Capital to learn more. And if you're looking for your next property or project, feel free to reach out to me! I’m here to help you find the perfect opportunity. If I don’t already have what you need, I’ll find it.
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