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Updated about 7 years ago on . Most recent reply
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How do I pay back a private money lender
So I am looking to raise capital to purchase a new rental property, and I have a private money lender that is willing to loan me the amount I need to purchase the property in exchange for a 10% interest.
What are the ways to pay back this private lender?
After I buy the house and get a tenant in there, can I take out a home equity loan to pay him? refinance? etc?
thanks!