Thanks for the welcome Rusty and Jon.Did that other guy delete his post, I was hoping to get his name written down.Since I'm new to this site, can anyone commenting here tell me how we can communicate privately since it sounds like there are "rules" here.

With Conventional loans the investor could be fannie, freddie, ginney, or a private even.

I'm wondering if that would be a better way to structure my private loans.

Recently, I have been bombarded with opportunities to buy properties with private financing in place.

The best I have found is private money with tough terms: 50% down, 5-7 year terms and am schedules, 9-12% interest.

I have one mortgage on a mobile home park, three mortgages on three sf homes through a local bank, two mortgages on two homes through a private lender, one mortgage on four units through a private lender, and one mortgage on 5 units in an LLC through a local bank.My credit score is over 800.

That's a 4.48% rate of interest, a private lender normally wants 8%+, with LTV of 70% or so.

Andres,It seems that you may be far better off looking for a private investor that wants to make 6-8% on money they currently have sitting in a lame CD or IRA making squat.

Shortt term private or hard money lending?

Banks aren’t lending and everyone is looking for private money loans to fund their investments and businesses.