We are looking to do a private money lending deal with a company out of Chicago on a SFH. 

It sounds like an ideal moment to either plow some more money into savings or seek private funding.Perhaps if you find a modest flip you can infuse cash into your system in a hurry and build your network at the same time?

@James McGovernNot gonna happen as every lender will do to different from experience and lessons learnedIt’s also no different as well as one person calling a sandwich a sub, another a hoagie and another a grinder… different lingo and different experience for private lending.

I invest primarily in mortgage notes and do private lending.  

I have found the properties on Zillow or from private sources, but have run the analysis on BiggerPockets and have double checked it against the "Find Deals" tool.

Hi,I have been doing private lending for a very long time, most of time first lien, some time 2nd lien also.recently came across a situation where first lien is already there on property and there is clause than 2nd lien can not be done on property.Investor(borrower) giving me option that we can prepare a new document for "Equity pledge" this mean conditional equity in property if there is default.I never heard this thing before.any one any input on this.Thanks in advance.

It is a bedroom with a back/private staircase.

We just say we rent out a bedroom in the basement with a private bath and they have use of the kitchen & Rec area (livingroom).

Since I was brokering the private money loan, I couldn't waive the late fee (which my lender still wanted) and the borrower was upset because ENS wouldn't eat the cost, which was a systems error on their part.

Me personally is PML - private money lending!