As Jonathan mentioned, you may consider just borrowing the money from him to purchase your own deals and paying him a decent return.

@Martin Ceja For an ideal lending scenario; i.e. a stabilized building, great borrower, primary market, etc.

A lot of houses don’t close because borrowing falls through.

We're borrowing money for a duplex from our reserves and are looking at a few more properties that will require borrowing money from both private and HELOC sources to facilitate.

Real estate agents are irrelevant.VA tends to be protective of its borrowers and therefore keeps stringent inspection guidelines.

@Hermanie Pierre - NO, funds from a cash-out refi are actually a loan (not income or capital gain) - and so you are not taxed on borrowed funds.

Depending on how your borrower responds could go longer if they file bankruptcy or challenged the debt in court. have you made any contact with the borrower to see if he or she is willing to execute a deed in lieu?

I've read that you can borrow against 50%+ of your assets at LIBOR + Spread; Interactive Brokers allows for this but it's a margin line that can be called (at the worst time)How do you go about pledging assets to get a non-callable credit line for RE?

Yes, you want to add more doors to your portfolio however you are borrowing money to do so, thus lowering the cashflow on the other doors.

The loan type, payments and other details are entirely dependent upon the loan itself and the person borrowing the money.