With the last house I flipped, a partner and I borrowed private funds at 12% to acquire and rehab the house, which was a starter home somewhat out in the sticks near me.

Private investor  

This allows for infinite scaling as you grow to compartmentalize the liability from properties, but the “child” series LLC are private documents and can be established from your computer - it’s a fantastic tool.

I am just starting out.....I recently met with a lender who suggested I get financing personally as opposed to my LLC.  Informed me that it would be more difficult and expensive to secure financing as an LLC.  My conc...

If I was to take out a 15,000 loan and take it to a private money lender ( I personally know one) which in return he would lend me 200,000 for a purchase of a home.

Others, I assume, purchase private insurance for their family.

Also, how often is an application fee required when applying for financing with private lenders?

Sadly a lot of places are putting the upkeep cost of areas located near private property on the owners of that property.

Purchase a home that needs small updates that could be an easy flip in value and stay there while you renovate, then refinance or remove private mortgage insurance, followed by renting it out.

Nita, the Home in Morgan City is in Bigger Pockets "Market Place" and can't be discussed in this forum but, would be glad to discuss it with you by phone, e-mail or through private messaging