Who are the best private lenders out there? Thoughts

[Harold Mateo]

Wondering what good experiences you may have had with private lenders? Northeast, suggestions....

[George Despotopoulos]

Most private lending companies go up to 70% LTV on loan amounts under $100K and some have a minimum loan amount of $75K, while others have a minimum loan amount of $50K @ 70% LTV, which would mean your purchase price would have to be at least $71.5K.

If you're purchasing properties at that price point it may be worth looking into a bridge loan, especially if you need a little financing on some rehabs. You can improve the value of the prop and refinance into a longer term/lower rate.