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Updated over 9 years ago,
Private Money for a Mult-Family Property
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