All Forum Posts by: Michael Bishay

 Thank you so much for your insight.  I see these people selling courses on raising private money for the down payment and then the bank for the mortgage.  So I figured I'd ask.  

Hello all,

I had a question about a strategy I see all over the internet where people raise money from a "Private lender" form the down payment on a property and then the rest they raise either from the bank or from a hard money person.

Are there really people that lend the initial finds for a property? Why would they be incentives to do that being that it would only be like 10-20% of total cost?

Am I understanding this correctly?

Sorry for the novice question, I'm still new to this game and this site has bees super helpful!

Hello all,

I had a question about a strategy I see all over the internet where people raise money from a "Private lender" form the down payment on a property and then the rest they raise either from the bank or from a hard money person.

Are there really people that lend the initial finds for a property? Why would they be incentives to do that being that it would only be like 10-20% of total cost?

Am I understanding this correctly?

Sorry for the novice question, I'm still new to this game and this site has bees super helpful!

Hello all, 

I had a question about a strategy I see all over the internet where people raise money from a "Private lender" form the down payment on a property and then the rest they raise either from the bank or from a hard money person.  

Are there really people that lend the initial finds for a property? Why would they be incentives to do that being that it would only be like 10-20% of total cost? 

Am I understanding this correctly?  

Sorry for the novice question, I'm still new to this game and this site has bees super helpful! 

Thank you so much for your insight.  Seems like I have my work cut out for me.  I defiantly see the opportunity. 

 Hello Arsen, Detroit looks like a very viable option for section 8 cash flow, but its just so large of an area.  Any tips on how to narrow down a decent section of Wayne County? Every address I plug into Spotcrime.com lights up like a Christmas tree!! lol 

Do any lending organizations do a LTV of 90% anymore?

 Hi there, Would love to pick your brain about the cleveland Akron market if you ever have time. 

 I would love to have a quick conversation if your ever free. I would like to learn more about Columbus OH. 

 Would you mind sharing what parts of Detroit you invest in? Or what parts to stay away from.