All Forum Posts by: Diana Borova

@Bob Woelfel

Thank you for your feedback! I like the point you made about private lenders and the importance of trust in that relationship

@James Golden

This was very helpful!! Everyone always talks about private/ HML but never really get into the specifics on how loans are structured. Thank you very much for your help.

Hi everyone!

This is my first post. I am getting started in the game of flipping as well as buy and hold properties and wanted a better understanding of how private/ hard money lenders work.

When paying back the loan... does it start right away? How long does an individual have to repay? What do monthly payments look like?

I do understand that they are generally a higher interest rate and short term.

Thank you everyone !!!!

@Matthew John

This all sounds awesome.

Can someone explain further how he was able to get 36k back? I'm a little confused on how the appraisal works and he was able to get money back after putting such a low payment down and also eliminating the PMI.

Thanks!!