All Forum Posts by: Charlie Fitzgerald

Please seek the advice and counsel of a local RE Attorney to help you do this right.  Terms are all negotiable between the parties.  Paperwork and structure of the terms needs to comply with State laws..even for private money from friends and family.  It's better to be safe than sorry.  Its always wise to have an Attorney to guide you in the beginning...just my $0.02 worth.

Hi Cedric,

If you source buyers that would rather have a great private money loan to acquire and/or rehab any of your properties, keep me in mind.  We're very flexible, very fast funding, awesome rates, terms and value added services.

Sincerely,

As mentioned, the private money strategy makes the most sense if there is rehab to do.  Send me an email with details.

Email me your contact....we can help...

I would be happy to be of service with this.  Let me know what you are looking for. 

If you source any buyers that need a phenomenal private money lender to work with for acquisition capital on these, let me know.  I'd love to be of assistance.

If the ex-husband has violated the order of the court, by not keeping current with his court ordered payments on the mortgage, the judge can order the lender to do a "name only" refinance.  Ask your Attorney about it.  

We won't take 2nd position, but we could re-do the entire deal and get you the money you need to finish.  Let me know if we can help.

Hi Jesse,

Can you give me some more details on the transaction?  You can email it to me, or, use the request for quote function on my website.  I'll do what I can.

The best source for a definitive answer on this is a RE Attorney.  Mine is Patrick McKnight, Esq.  He's in Las Vegas, and his number is 702.521.6800.  Tell him I referred you.

Beyond the legality issue I will say that most private money lenders are not likely to be excited about your structure of the deal.  The reason is because we make our money with money.  And the faster we turn our funds and the more often, the more we make.  So we structure our lending terms accordingly.  

Hope this helps.