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26 November 2024 | 6 replies
Most likely, the only way you will find something like that is through private lending with friends/family.What is low money down to you, percentage wise?
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26 November 2024 | 11 replies
Consider learning about wholesaling, seller financing, or leveraging private money or hard money lenders for your flips.
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21 November 2024 | 23 replies
My son just joined the Navy and now that I’m an empty nester I want to make a shift and bet on myself!
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16 November 2024 | 14 replies
Would you have any recommendations on how to structure this private money loan that makes sense for the lender?
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26 November 2024 | 35 replies
At a high level, this is generally the path people take - we see a lot of people have success in this route - start building the portfolio with banks, low down payments, and then **generally** when you hit around 5 or so properties - it starts to make sense to switch over to LLCs, its too hard to qualify/deal with paperwork of banks and switch towards private lenders like DSCR Loans - (LLC friendly, easier) to scale past 5 or so.
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25 November 2024 | 32 replies
.: Quote from @Chris Seveney: @James WiseI was sitting next to a doctor at a conference who did a private money loan and lost $$200k then he did a jv deal where he became co-owner of a LLC, gave a personal guarantee on the asset and put money in the deal to buy it but didn’t put a lien on property so partner went and leveraged the assets as well and ran off and dr had personal guarantee.They then bought a property and renovated half of it then decided to knock it down….I had a successful shoulder surgeon ask me to list his apartment building that was under-performing.
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27 November 2024 | 10 replies
I would start with all cash and then seek private lending money.
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16 November 2024 | 7 replies
I have already talked to a private lender of mine that tentatively agreed to lend on the deal.
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27 November 2024 | 22 replies
Hell, I might be even-steven if we had one, and I'd bet money @Russell Brazil and @Nathan Gesner would be there with me despite the fact they're two of the smartest dudes in here because they're not soft pedalers.
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23 November 2024 | 3 replies
Not hard money, not private money.