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Updated over 7 years ago on . Most recent reply

User Stats

42
Posts
13
Votes
Matthew Spiers
  • Rental Property Investor
  • Vero Beach, FL
13
Votes |
42
Posts

Private Lenders Wanted

Matthew Spiers
  • Rental Property Investor
  • Vero Beach, FL
Posted

Hey guys. I'm wrapping up repairs on a duplex I own, looking to expand my purchases to multifamily properties in the SW Florida area, focusing only on Sarasota and Fort Myers. I'm seeking a private money lender that would like consistent returns on their money. My current numbers on my property are purchase price $146,000 / monthly income of $2,600 (with about $600/month in maintenance) / cap rate of 16%.

I'm currently seeking advice and pointers on how to go about finding a good, dependable lender that would like to benefit from me scaling up identical opportunities in the area I've found.

Most Popular Reply

User Stats

2,283
Posts
1,102
Votes
Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
1,102
Votes |
2,283
Posts
Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
Replied

Let's talk about a different approach so you are not carving up all your profits.

  • Charlie Fitzgerald
  • Loading replies...