Options for private lenders...

[Chantél Fielder]

Hi there!

I recently watched a tutorial on Youtube giving advice for structuring deals to private lenders. I am in the process of creating a deal offer to pose to private lenders (family and friends) and have a few questions.

I understand that a home equity line of credit is a great option for individuals who have good equity in their home, good credit and just may be limited on cash or not ready to invest with their own cash. The people I know already OWN their homes, so what are options similar to a HELOC for them to choose. (They all have Grade A credit and see the benefit of using HELOC to beginning investing in the properties I have found them for both buy and hold and flips to create passive streams of income and/or a ROI.)

Thank you!