Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
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!