Do not know them that well.Literally in our database we have many thousands of commercial companies across the U.S. so some we have done deals with, others we have talked to before, etc.Key is if in the private offering their projections are reasonable and realistic.  

I personally know several families with spouses and children that rent out a portion of their home (finished basement/private entrance room, etc.) that offset their mortgage substantially.

I have sold off rental properties and 1031'ed them into a fixed income private equity fund located in South Carolina and I live in Texas.  

I provide private lending for Fix/Flip and BRRR projects.Outside of real estate, I enjoy spending time outdoors with my wife, twin boys and golden retriever.Excited to learn and connect with you all!

Could a short-term private loan with the LLC be a better route to look?

I do BRRR private money for my day job.. been doing it since 2002.. over 3000 properties i have funded for folks like you.

I have already completed one out of state BRRRR, have my 2nd (wholesale deal) under contract and searching for a third with private money. 

Yes, as others have noted, this is typically where DSCR Loans (**not from banks** but from private lenders with national DSCR platforms) are typically the next step here. 

I am new to BiggerPockets and was looking for some advice on private lenders.

This is how you can increase your profit and put that money back into your business to get even more deals.I’m a private money lender partnering up with wholesalers in South Carolina to help you close more deals SAFELY and boost your profits.