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Updated over 6 years ago on . Most recent reply

Mary Ann's profile image
Mary Ann's profile image
Mary Ann
  • Investor
  • from Polk County, FL
  • Member since Dec 14, 2014
Connect

User Stats

144
Posts
35
Votes
Mary Ann's profile image
Mary Ann's profile image
Mary Ann
  • Investor
  • from Polk County, FL
  • Member since Dec 14, 2014
Connect
Mary Ann
  • Investor
  • Polk County, FL
35
Votes |
144
Posts
Starting Out

How do you pay back people you borrowed from for a deal?

Mary Ann
  • Investor
  • Polk County, FL
Posted

Can someone please explain to me in baby English how you can pay back a private lender - who is a regular person?  For instance, I'm interested in multifamilies, buy/hold properties.  A hard money company told me I need 20% down but I can raise it from other people.  But how do I pay back those people if I am holding the property?  

Looking for strategies.  Thanks!

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