Suggested private money interest rates?

[Alma Mills]

What do you think are reasonable rates and terms to charge private lenders I know. Giving them 1st position on a property where they will be lending no more than 70% of the ARV.

[Ellis San Jose]

Originally posted by Bill Gulley:

Gessssss, 0 to 50% is pure BS! partnerships are not loans, Ownerships are one thing, 0% have tax have tax issues!
There are children here who post who have absolutely no clue.
In ANY state 50% is usury on any loan in RE.
@Ellis San Jose

, please stop posting about seller financing, you don't have a freaking clue! You're screwing people up man, you're a good ten years away from where you think you are in giving financial advice, may be 15 or 20 years away.

Just because you did something doesn't mean it's lawful, a good idea or really prudent.

If that is the crap you advocate, we are going to have problems and I doubt you win! Sounds like you're working on a book to sell.........you're still a student, please knock it off, :)

Bill, before you flame me, please read carefully. I said 50% of the profit not 50% interest.

If I pay a seller a premium on the sales price that they asked for & I make on time principal payments faithfully, how dare you accuse me of anything unethical. Imputed interest is disclosed so please don't ASSUME anything about how I conduct my business. http://www.investopedia.com/terms/i/imputedinterest.asp

I suppose you are going to say that convertible bonds are illegal & anyone one who uses them is a criminal. Cite the exact statute in California for my eduation. Also, if you would be so kind to illuminate us on Shared Appreciation Mortgages.

I have a great deal of respect for you, however your hair trigger judgment is something I do not want to emulate.

As far as winning I wasn't aware that this was a contest, And yes I will always be a student, because I enjoy learning & honing my craft. And no I don't have any books to sell.

So please, take a breath. Hopefully, I will see you at Jimmy Napiers next class & I can buy you a cold beverage. (Nov. 9th &10th)