Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender How did you add value to the deal?

Send me a private message with your mailing address and I will send you my book, Real Estate Rookie.

yup the numbers dont work.. you cant get 6% private money unless its a relative thats not market or close to real..

I work a full time job at a wood shop building custom cabinetry.

OK to private message me as well. 

It is also more common in the private money space, to bait and switch.

This is a conventional loan where they also cover your PMI (private mortgage insurance).

That being said, while the intent is that most investors in a 506(b) offering are accredited, the sponsor can accept up to 35 "sophisticated" investors into the offering and still be within the rules.All told, private offerings are 100% a buyer beware investment.  

Do some smaller dollar private lendingA property is too capital intensive and $20k will not get you very far.You also did not describe what level of risk you want to take, so that is something also to take into consideration when evaluating where to invest.

I’m new to BiggerPockets and I’m a private money lender.