The bad part is you will pay private mortgage insurance - basically an additional fee because you don't have 20% down

One it must be a love affair and two the numbers should be the driver that justifies the money spent.

Hello all,I've raised enough private money to buy properties with the goal of rehabbing and reselling.

I am looking into becoming a private money lender for a real estate investment company who secures their loans by placing the lender as the 1st lean position and uses a "Reverse Quit Claim Deed" to avoid the necessity of foreclosure proceedings.

I'm on chapter 3 "What is private lending".

If all the banks say no, there are other options: hard money, private money, creative financing, owner finance, Etc.

Sometimes, who cares, I just let it go.Kind of like those slimy private lender's that in addition to points charge underwriting fee, doc prep fee, origination fee, loan discount fee, appraisal fee, credit report fee, lender's inspection fee, tax service fee, processing fee, wire transfer fee and 'other'.

Hello all, I've raised enough private money to buy properties with the goal of rehabbing and reselling.

I did a bit of research on that also, but it seems most of what I found is for things that are going to some kind of cause, charity , or technology: all of which I am neither.Or, would it be best for me to find a private lender who could give me a loan to purchase the building and the loan for the actual business while using the building as collateral?

When you have a good understanding of your RE interests and goals, start making calls to listing agents, private sellers, lenders, property managers, tax assessors, town road crews, water/sewer departments, etc, etc.Talk to them, not just about the property you may have called about but general info pertaining to their specialty.