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Updated over 13 years ago,

User Stats

13
Posts
0
Votes
Brian Davis
  • Real Estate Investor
  • Bethlehem, PA
0
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13
Posts

Private Lenders vs Funding partners in PA

Brian Davis
  • Real Estate Investor
  • Bethlehem, PA
Posted

I have read tons of forums and WOW. SEC guidelines all over the place.
So my question is this as a new investor am I able to try and find "funding partners" people to put up the money while I find the deal, get the repairs done, and get the property sold for a split of the profit equal share???

I have spent the last week just trying to find PMLS and HMLS.

Or am I better hiring a loan broker to go out and get me funds.
I am tired of walking past deals for such a trivial problem as not having money. LOL.
I am willing to do whatever it takes to start making the deals. I am not afraid of work but spending hundreds of hours reading and taking courses just doesn't seem to be the answer. I am more hands on.

So the summary is can or should I look for Private Money lenders at a % per 1 year or should I look for Partners to fund and split the profit or should I just hire a Broker and pay their percentage? In the long run even if a broker wants 5% to find me a loan at 10-12 per annum it is cheaper than a HML with 4-5 points and 16% RIGHT????

Any help is greatly appreciated
Brian D
Shurlock Homes LLC

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