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Updated over 6 years ago on . Most recent reply

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35
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7
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Shane Albert
  • Dixon, IL
7
Votes |
35
Posts

Best private money options. Go!

Shane Albert
  • Dixon, IL
Posted
Two part questIon. Say you had enough for 10% down on a good deal would It be wise to get private money for the rest (projecting a mortgage of 1500 and PML payment of 500 and cash flow 700/mo) Let’s say you have exhausted all friends, family, colleagues for that other 10%, are there private lending companies out there that would negotiate terms?

Most Popular Reply

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1,144
Posts
1,140
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Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
1,140
Votes |
1,144
Posts
Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
Replied

There's HARD Money lenders out there, but most private money people do not advertise.  The best way to get private money is consistently do successful deals and build a track record of success.  The money will come to you at that point.  I turn away money all the time, I just say I'll let them know the next time I'm ready to do a big deal.

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