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Updated over 8 years ago,

John Geldert's profile image
John Geldert's profile image
John Geldert
  • Rental Property Investor
  • from East Meadow New york
  • Member since Dec 6, 2014
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User Stats

232
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95
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John Geldert's profile image
John Geldert's profile image
John Geldert
  • Rental Property Investor
  • from East Meadow New york
  • Member since Dec 6, 2014
Connect
John Geldert
  • Rental Property Investor
  • East Meadow New york
95
Votes |
232
Posts
Private Lending & Conventional Mortgage Advice

How to decide lien position with two private lenders

John Geldert
  • Rental Property Investor
  • East Meadow New york
Posted

I have found a deal and it will be purchased with a partner as a JV. Now if we both bring in private money how do you decide who gets 1st or second position? I currently have an LLC in which the house can go under. Also if we are unable to sell the home in say 6 months to a year, how do we go about refinancing to pay back our lenders?

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