The lending is strict but the terms are great.

Private money lending bridges the gap between speed and flexibility for investors while offering lenders a secure way to grow their returns.

I think my main point, which you’re experience lends support to, is that while there are below market deals out there, it requires a continual effort of being “in the market” and looking at 100s of deals to negotiate the rare below market purchase.  

Stanley - I would suggest that you go have 3-5 conversations with lenders and understand how much they are willing to lend to you given your financial situation.

Owning real estate is not considerd an operating company thus a bank will not lend or give a line of credit in that fashion.

Is it to borrow using a commercial lender that only lends to LLCs?

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

At the financial institution I used to work at they qualified you at an interest only payment, assuming a maxed our line amount, and the interest rate used in the qualification process is  +5% of what the actual rate will be.This could be higher than a traditional mortgage payment in a lot of cases.

This does not read as though its a smart investment on the surface, and secondly, there isnt a lender I know of that will lend on renovations that exceed the purchase price, especially a renovation that is 2.3 times the purchase price.