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Updated over 8 years ago,

User Stats

71
Posts
43
Votes
Jesse Stephenson
Pro Member
  • Property Manager
  • Chapin, SC
43
Votes |
71
Posts

Best ways to Ask for Money for Deals.

Jesse Stephenson
Pro Member
  • Property Manager
  • Chapin, SC
Posted
I'm looking to do the BRRR strategy but I need some private funding to get the ball rolling. I know some higher net worth individuals. What is the best way for me to approach them to ask them for a loan. What interest rates should I offer? I'd like to keep all the equity and just pay them interest to keep things simple. Also what's the best way to get the money when I need it to close a deal but not before then so I'm not paying interest for it just sitting in an account before I close a deal.
  • Jesse Stephenson
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