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Updated almost 10 years ago on . Most recent reply

User Stats

59
Posts
8
Votes
Lisa Henrich
  • Investor
  • Columbia, PA
8
Votes |
59
Posts

Private Money for a Mult-Family Property

Lisa Henrich
  • Investor
  • Columbia, PA
Posted

Sorry so many questions but I'm really eager to learn this business and actually start building a substantial portfolio with as little of my own money as possible.  My current rentals are mortgages held in my name with traditional lending.  

QUESTION:  What is the best way to find private money for an investment property.  I'd prefer to stay away from "hard money" because this would be a longer term loan since I'm focusing on buy and hold.  Also, what are standard terms and interest rates that comes along with a private money deal.  Obviously, everything is negotiable, but what is currently expected on these types of transactions?

Thanks again, 

Lisa

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