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Updated 4 months ago on . Most recent reply

User Stats

4
Posts
3
Votes
Erich Hatch
  • New to Real Estate
  • Meridian, ID
3
Votes |
4
Posts

30 Year Note Private Lender

Erich Hatch
  • New to Real Estate
  • Meridian, ID
Posted

Hello, 

I am very new to the real estate game and am curious as to where I could potentially find individuals who would be interested in investing in a 30 year note for a SFH. Where could I get in contact with someone like this and what kind of rate should I anticipate they would expect?

TIA

Erich

Most Popular Reply

User Stats

2,848
Posts
2,483
Votes
Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
2,483
Votes |
2,848
Posts
Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied

Hey @Erich Hatch if you find someone who will lend or purchase a 30 yr loan, let me know. I would love to find a person, not a company, who would lend for 30 years or even 15 or 10 with a balloon.

I have friends and family, but even they want to be paid back in a year or two. I guess it is just marketing to people with longer horizons than 2 years.

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