Easier to do without a property manager Cons1.

Check out PMW, Property Manager Websites

The property or properties will be in Florida and/or Alabama.

We paid them 9% interest (they put a private mortgage on the property) and give them 19% membership interest in the holding company LLC How did you add value to the deal?

I’m new to private money lending, so while I understand the concepts in principle, I’m still figuring out how to identify and connect with these investors in practice.To clarify, I’m targeting 6+ unit multifamily properties, and private money is a way to scale my expertise from smaller properties into larger ones.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $340,060

Cash invested: $68,012

Long term hold. Home includes 2 lots so potential of building other home next to it...

Then why aren’t you using a property manager?

Most people don’t want to sell a property and walk with zero dollars.

I managed and listed several properties in Canton, and have spent a lot of time down there as well.

Rentrange uses data from large property management companies just like mine.