Buy and Hold and own it yourself

[Philip Madison]

I understand how private money can work for Fix and Flip and also for a Buy and Hold partnership.

 Is there a way to use private money for Buy and Hold where you can pay back the private money (with interest) and own the property just yourself?

Would love some feedback on this cause I have been trying to figure out how this could be done, and maybe it can't.

Thanks

Philip

[Steve Vaughan]

Sure. Private money can just be a lender. Private money implies it is someone you know. My b&h private lender likes 70% LTV or less, fixed at 6%. He has no interest in being an equity partner. I've used him most on seller financed deals which he sold me and a refi out of a commercial loan.

There is a lot of money out there earning squat in a bank.  Go find a private lender that has no interest in equity participation, Philip!