Updated almost 2 years ago on . Most recent reply
Private lending question/ funding advice
Got a deal on a house
$150-170k
Realtor gave estimate for listing at $199k
Arv is $285-$315k
Trying to figure out how to swing it
Scenario : guy I know will front the cash to me to buy it for a cash deal but short term loan basically.
I need to pay him back
How would you go about it ?
Already approved for $200k 203k loan but interest is 8%
Goal: get 1st rental (already got a client to rent it for $1500 a month)
How would you proceed ? Open for opinions