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All Forum Posts by: Kyle J.

Kyle J. has started 61 posts and replied 5023 times.

Private Lending & Conventional Mortgage Advice

Post: How do you put a friend in first position as a private lender?

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172

Will - Thanks for the information.

Larry - Thank you too and I'll try to find that other post you mentioned.

0 Votes
Private Lending & Conventional Mortgage Advice

Post: How do you put a friend in first position as a private lender?

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172

Larry, very interesting post since this is almost identical to what I'm considering doing. Just out of curiosity, what kind of terms did you work out with your friend? Are you going to pay him a set APR for his money, or just a portion of the ongoing profits and/or proceeds from the final sale/refi? And is there a deadline or any sort of timeframe when you have to pay him back by?

0 Votes
General Landlording & Rental Properties

Post: Understanding the Pet Deposit

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172

My opinion is that since it says "pet deposit", as opposed to "pet fee", it is refundable.

0 Votes