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Updated almost 11 years ago,
Using Private Money for "Buy and Holds"
I am wanting to use private money to purchase "buy and holds". These would be 100% financed through private money and I would want this to cover any kind of rehab costs as well. So basically I want to purchase homes in cash and be putting none of my own $$$ into it. I would eventually refi to get that investor his/her money back and in the meantime, be paying interest. My question is, how do you all structure your deals like this? What kind of interest rates, terms, etc do you all use? Any helpful info would be greatly appreciated. Thank you.