All Forum Posts by: Philip Madison

Hi Steve,

Thanks for your reponse. Not sure I understand, if it is a seller financed deal why not work with the seller to structure a loan, why would you need Private money? How long do you wait before refi with a commercial loan.

I understand how private money can work for Fix and Flip and also for a Buy and Hold partnership.

 Is there a way to use private money for Buy and Hold where you can pay back the private money (with interest) and own the property just yourself?

Would love some feedback on this cause I have been trying to figure out how this could be done, and maybe it can't.

Thanks

Philip

Thanks Nghi,

The states are for now:

Ohio                    Indiana              Pennsylvania        Texas     

Kansas                Illinois                Wisconsin             California

Missouri             Minnisota          Oregon                  Washington

Thanks for the info Nghi. I have money to invest, but wanted to use other people’s money, I have thought about hard money but have not found any with terms I like. 

Ahhh thanks Calvin,  got to get a haircut first lol.

BTW, how do you delete a post? I posted a duplicate.

I know this question has been asked many times, and apologies for asking it again. I have seen many posts about finding private money lenders not hard money lenders. The fall back answer has been ask friends and family but what if friends and family don't have money to lend. It has also been said on posts and videos that money is the easiest thing to get when you are investing in Real Estate. So with all that said, why is it difficult  to find a private money lender. There must be groups, clubs, organizations or individuals that have money to lend for a good return on their investment. As far as I have looked in this forum I can't find any private money lenders or anyone with sources for private money lending. Is there anyone out there?

Thanks

Philip

Hello,

My name is Philip Madison and I am a new member and looking forward to investing in Real Estate.

Thanks