What: 1) 3 story, appx 2200 sqft apartment building built in late 1880's, all boarded up needing a major gut rehab (# of bed/bath are unknown) 2) lot right next to the above building (don't have the measure yet but it's small, appx. 0.2 acre or possible under )Purchase Prices, ARVs, and asking prices (provided by the potential partner): Potential partner got both of them as is off of a private auction at below prices: 1) building: auction purchase 700k; ARV of 1.3M; asking to sell at 900k 2) lot : auction purchase 300k; ARV of up to 1M; asking to sell at 300k Proposed Partnership: She is funding 90% of the deal through her private lender so she needs to put down $100k of her own cash and she is asking me to put down $50k with profit split of 25:75.

We were able to get a private loan for the property through family and after MANY awful showings, really heroin den and all, we found a three family in a great area, for the right price, and in great condition.

I am ok privately sharing with you both though.

We were able to get a private loan for the property through family and after MANY awful showings, really heroin den and all, we found a three family in a great area, for the right price, and in great condition.We put an offer in based on comps, and repairs needed, which was about 30k under the original asking price.

Image if I had 30, just 3 x those numbers.Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications.

Investment Info:Small multi-family (2-4 units) private money loan investment in Philadelphia.

If you aren’t familiar with what this is, it’s a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter.

Nicely put, Jay, and thank you for the mention.I paid off or refinanced with private money all of my commercial loans. 

Hello BP,Does anyone know of a lender or private lender who will lend on a vacant residential lot in Northern California?

This assignment being private and not recorded, the bank won't know about it.