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16 September 2024 | 8 replies
Using a private lender would probably be the best and easiest option in this scenario.
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16 September 2024 | 28 replies
I asked how, she said she cashed out all her 401k and index fund, and did private lending.
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14 September 2024 | 9 replies
He is a family friend and we have even looked at some off market for sale by seller too that I identified stuff where he wouldn’t even earn a commission and he was happy to investigate for me - more of a looking out for me / family than counting a check (I am not looking for expensive real estate and he has owns the brokerage of 20+ agents, unfortunately my purchase isn’t much of a profit opportunity for the office but would probably be more embarrassing on him if we get something wrong 😂) Noted on the inspection though and I will stipulate it is a deal breaker on my side.
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11 September 2024 | 3 replies
Hey there,I'm interested in utilizing private money lending for financing while I save up to use my own capital along with Hard Money Lending.
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15 September 2024 | 22 replies
With excellent credit (800+), you're already in a great position, but I understand the struggle with DTI when you're self-employed.Here are a few options that might help:Asset-Based Lenders: You're on the right track with DSCR loans, but you may find some private lenders or portfolio lenders willing to go into the high 6’s.
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14 September 2024 | 1 reply
Please share your thoughts:What are some of the most favorable terms you’ve negotiated with private lenders?
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15 September 2024 | 11 replies
What I would do with the sale proceeds, as pointed out in your post, is reinvest in a first deed private money loan anyway.
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16 September 2024 | 14 replies
Also mother in law suites and private bath are not as available.
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10 September 2024 | 2 replies
What are the biggest challenges you face as a private money borrower?