Personally I'm going to try my hand at private money lending in the upcoming year or two, wait for a decline in housing prices, and then take on a buy and hold or a fix and flip.

The other thing with this strategy that I would suggest is to use private money and partnerships in order to build relationships.

Account ClosedThe principal theory behind a 'specified service trade or business' (SSTB) is that these trade or business lines encompass businesses where the primary asset and revenue driver is the reputation or skill of the owners and/or employees. 

Private lenders?

Feel free to private message me or text me at my number below and we can talk. 

He suggest the contract in his company name, I put down $5k Ernest money, we use a hard money lender or private money which he can get.

Hello Biggerpockets,I am looking for Private Money Lenders near Aiken, SC or Augusta, GA.

I pay 10% to my private lenders.

I'm wondering should I use a private money lender to pay off my mortgage so I 100% own the house, begin the renovations, rent it to tenants at approximately $1950 / month, then refinance my house?

I'm wondering should I use a private money lender to pay off my mortgage so I 100% own the house, begin the renovations, rent it to tenants at approximately $1950 / month, then refinance my house?