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6 January 2025 | 8 replies
You can also do this on a refinance.Else, you can find private money, take out a HELOC if you have a lot of equity, go hard money and then refinance after, or see if your preferred builder offers financing.
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6 January 2025 | 28 replies
I included stats on percent unleveraged purchases and that many of those fairly low percent cash purchases in fact use unseen leverage HML, private lending, etc and some are short term cash holds such as a flip or a brrrr that gets financed not long after purchase.
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19 December 2024 | 15 replies
Highlights:* no prepay on 12 mo bridge* 6 months guaranteed interest on a 24 month bridgeThese are interest only loans and the DSCR calculation isn’t a factor in the lending decision.Compare the cost of your lower interest rate DSCR loan, including PPP versus what the bridge would cost at a higher interest rate and no or minimal PPP.PPP=pre payment penalty :)
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28 December 2024 | 6 replies
There are a lot of charlatans and 'Guru's' out there promoting this and that but the Stech family is the real deal when it comes to Private Lending.
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17 December 2024 | 0 replies
This deal highlights our expertise in identifying undervalued properties and delivering fast results for maximum profit.
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28 January 2025 | 48 replies
Now most of my deals are a combination of our business money, bank money, hard money, and private money.
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15 December 2024 | 4 replies
Hire a contractor or GC with clear terms for execution and completion.Secure financing early, whether through cash, private lenders, or hard money loans, ensuring reserves are included for unexpected expenses.
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24 December 2024 | 24 replies
Of course, with private lenders, you must give up equity or a return on the debt.
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30 December 2024 | 15 replies
Common comments and complaints are things like....Wanted: a private landlord out there that will rent to me.Why are credit requirements so high?
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7 January 2025 | 27 replies
Quote from @Michael Smythe: Besides MANY self-labeled "gurus" exaggerating their success, many of them just supply readily available info.If you're too busy to find the info and are willing to pay for it, no problem as you accept their time vs money solution.REGARDING S8 GURU ISSUES SPECIFICALLYMost of them don't share all the facts about how Section 8 actually works.They claim you can get HIGHER rent from S8 tenants vs private-paying tenants.Why would the government allow our tax dollars to be spent this way?