All Forum Posts by: Kully Millage

Thank you for the information , that certainly helped.  

@Brian Adams @Andrew Campbell

I too am interested in hearing about some of our BP investors experience with Babylon. 

Hello, my partner and I have around 13 single family homes and we are thinking of taking the next step into Multi Family.  I have been searching for private capital lenders for a little while and seemed to have gained a little traction.  I have my eye on a specific unit in my area costing around 1,250,000 and 1,500,000.  I think between one or two investors I should be able to get the down payment for that loan.  My question is, what if myself or my partner is unable to carry a bank loan of that size.  Do the investors carry the loan and get equity?  Or is there a third party that would consider carrying it for a percent of return?  Thank you

Hello my name is Kully Millage. I got into the Realstate game last year doing only wholesales. Ive accumulated 3 properties now to hold and rent. Two single family rentals and one duplex. I'm looking to ramp things up and raise some capital. I have been doing some research and I wanted to start a discussion on bigger pockets about the pros and cons of hard money lending, what to look for, and how to do it the correct way. Would you recommend capital firms or private individuals. What terms , percentages , etc work the best. I will be sending direct mail to find these properties hopefully under market value, I will be buying single family homes and small multi units for now. I just started on bigger pockets- I'm upset I haven't been on here much earlier! Thank you in advance for your responses. Kully