Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

13
Posts
5
Votes
Michael Voltner
5
Votes |
13
Posts

First Time Private Lending....Good Idea??

Michael Voltner
Posted

Hello,

I have a 3 acre lot in a very well upcomming and popular area in Fenton Michigan. I want to build a home and then sell it when completed. I have been building homes for 20 years and have my Michigan Residential Builders License along with a Florida Commercial Builders License. I build for a living and have done so for 20 years. I want to find a private lender who can lend me the money up front for the cost to build. I will then sell the home and pay back lender the entire amount plus costs etc. Would this be the best way to go and if so, are there people/companies who would do this? I understand this is a pretty broad question, but this is the first time I would be doing this.

Thank you for any feedback.

Loading replies...