Your private lending perspectives.

[Darren M.]

For once I'm not here with a newbie question that needs a solid answer. I recently listened to the BP Podcast featuring Ben Leybovich, and he spoke of having a 100% financed property, making $100 CF/unit being his minimum return. So what I'm asking for is some of your guys' experiences with getting a 100% financed properties that you plan to buy and hold. I'm looking at a duplex for my first 2 purchases so if it applies to that, great. What did the private investor ask for in return? Was it a basic mortgage at 5% over 30 years? 15 years? What happened if you refinanced and paid early, did you still pay them the 5% on top? Did they ask to be a partner and split profits? Somewhere in between? How did these deals work out? Were they good or bad in hindsight? If you want to give your personal hard numbers great, if not, maybe speak in terms of a 100k duplex cash-flowing 100 per unit.

Thanks everybody!