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13 February 2025 | 16 replies
As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.
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11 February 2025 | 4 replies
If you find a seller willing to carry a note, you might be able to negotiate an arrangement that works without needing traditional bank financing.Another approach would be to partner with someone who has capital but lacks construction expertise.
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15 February 2025 | 19 replies
I tried to put the pieces together to build a solid team out there but it's really tough unless you have someone local to help you run it or are willing to drive back and forth.
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5 February 2025 | 7 replies
Happy to connect with someone in the Pittsburgh area!
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11 February 2025 | 25 replies
As the title suggests I'm looking for feedback on Rentvine from someone who has or does use it.
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7 February 2025 | 40 replies
Another lesson is to research companies online and in forums like this before you do business with them and if you decide to do business with someone, dip your toe in the water slowly and continue to research the company after you start working with them, because things can change quickly.I have some questions:1.
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26 February 2025 | 11 replies
Of course you will not give someone a free house.
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11 February 2025 | 6 replies
The instruments needed for the transaction will be state specific which means you should have someone from California chime in with resources who can provide low cost documents (as these will be boiler plate).
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16 February 2025 | 29 replies
Lend to Live is a great book on the topic of private money lending, and Devon Kennard is also someone I follow closely who has a private lending business.
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24 February 2025 | 71 replies
As someone looking to start their investment career in Philly, this was super helpful.