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Updated 6 months ago on . Most recent reply

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62
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Don Taylor
4
Votes |
62
Posts

Private Money Loans for Real Estate Deals

Don Taylor
Posted

Have you ever considered using private money loans for your real estate deals?

Most Popular Reply

User Stats

2,850
Posts
2,487
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
2,487
Votes |
2,850
Posts
Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied

That is almost the only way that I fund my deals. My friend Carrie, Victor, Daryl, my sister, ex-brother in law and my father in law have all lent us money to buy and rehab properties. They did not ask us for one tax return, credit report or bank statement. They just said, how much do you need and then wired the money to the title company.

THAT is private money. They know me, they know what I do, and they know that I have been doing it for 20+ years.

I have used a few hard money lenders also when friends were tapped out.

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