My question is, should I give up looking for a lender or private lender who would finance this at a rate below or around 8%?

The first floor of this private home offers a bright renovated kitchen with a large island centrally located between a cozy sitting room, the living room with 55" TV, a dining area, and the spacious back porch.

Use Private money to acquire and then refi into long term debt

Ive been a fan of Bigger Pockets for some time now and was wanting some advice on how to find a private investor.

Hi Ambrea,To get into fix and flips, I started by focusing on a few key steps that helped me find success:Educate Yourself: Learn the market, analyze property values, and understand rehab costs.Build a Network: Connect with real estate agents, contractors, and lenders.Secure Financing: Consider hard money or private loans for quick capital.Find the Right Property: Look for undervalued homes in growing areas.Create a Detailed Plan: Budget carefully and have a clear timeline for renovations.What worked best for me was staying disciplined with my numbers and always having a solid team in place.

Feel free to message me privately and we can connect if you're interested in learning more or have questions!

Hi Kevin,To get into fix and flips, I started by focusing on a few key steps that helped me find success:Educate Yourself: Learn the market, analyze property values, and understand rehab costs.Build a Network: Connect with real estate agents, contractors, and lenders.Secure Financing: Consider hard money or private loans for quick capital.Find the Right Property: Look for undervalued homes in growing areas.Create a Detailed Plan: Budget carefully and have a clear timeline for renovations.What worked best for me was staying disciplined with my numbers and always having a solid team in place.

My question is, should I give up looking for a lender or private lender who would finance this at a rate below or around 8%?

So someone can just stop paying taxes and create a funding gap for our public schools, firefighters, and county road maintenance and now private investors & Counties are going to bankroll the cost and administrative overhead to sell their property at auction and give them back the net auction proceeds?

Purchase price = $100kRehab = $25KARV= $170k1st position purchase loan (private lender) = $85k2nd position purchase loan (my own LLC) = $40kI purchase with 1st position loan at 85% LTC ($85k) from private lender.