1st private money deal

[Michael Dallas]

I am 21 years old and currently playing baseball at a D1 college. I bought my 1st house hack property last year which has done very well for me. So obviously I have caught the bug and want to buy more! I am looking to buy another property this summer and house hack that one. As a college student traditional financing won’t work for me anymore as I already had to get my father to co-sign my 1st loan. I am in talks with a private money lender right now who is killing it as an agent and doing flips. Said he is very interested in lending if it makes us both some money!

What questions should I be asking him for us both to get the best terms so that we both make money on this deal?? 

Thank yall so much for the insight!! Can’t wait to learn!

[Ko Kashiwagi]

Hi Michael,

Great to see you get into see as a college student! What does "make use both some money" mean? Does this mean partnering on the deal or just her lending money at points and rates? An important consideration is the max LTV she's offering, points, general rates and financing periods.