So I had an idea to get a loan from a Private lender for 400K (just under the asking price of the home) this house is already appraising for over the asking price but need some TLC.

With no experience, you will have a tough time finding deals, finding private equity, and finding financing.

Quote from @Jamie Hora: @Jay Hinrichs Yep, the lift station was needed just because we were downstream of any sewer connection.

If you are seeking an actual private lender or direct HML  consider starting your search here: https://aaplonline.comThank you so much.

So you would likely need to go business purpose like private money or DSCR financing.

@Keegan Darby  To truly compare private lending to holding you'll want to pin down your ROI a bit more.

We have buildings with no parking lot and private entryways, so tenants are responsible.

Banks like to match short term assets with short term liabilities, and vice versa.I don't believe that DSCR loans are "expensive", but they do require a more thorough underwriting and higher amount of financial documentation other private and hard money loans.It generally helps to have a Fractional CFO or Loan Consultant (not a broker) that will work on your behalf to negotiate better DSCR terms and rates.

Quote from @Rob Williams: Hi everyone,I’m looking for advice on effective ways to connect with private investors locally interested in senior living land development.

A minor hurdle for some, but a larger issue to some as well.With DSCR or private money lending, yes, you can still also vest in your individual names, but you will find many lenders will NOT allow it or will actually charge you higher rates to do so.