Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

6
Posts
1
Votes
Caleb Haney
  • Rental Property Investor
  • Cookeville, TN
1
Votes |
6
Posts

Large privet lender willing to give but don’t know where to start

Caleb Haney
  • Rental Property Investor
  • Cookeville, TN
Posted

I have a large privet lender willing to become my bank but I don’t know where to start.

So I am 25 and have closed my first deal 6 months ago and in contract on my first duplex. I am loving it and desire to set my family up for financial success because I am actually a college minister. I desire to continue to buy more investments but I am not swimming in cash. My dad and I have partnered on these deals and are moving forward.

Here is the kicker this large privet lender who is interested is also my dad. He has done very well in his line of work and has retired and has a lot of cash. He has even mentioned he is interested in being my bank, so ever since I herd that I have been trying to research how he can do this to his benefit, and I am also hoping to be able to put low to no money down.

What I am hoping is that some folks would be able to point me in some direction of to what to read or where I can learn, and let me know if this situation is impossible or workable.

Loading replies...