Shoot me a private message

owner is offering to seller finance a property he owns.buyer wants the property but wants owner's mortgage to him to be in 2nd position to his (private money) down paymentwhy would a seller risk the chance to foreclose if payments are missed by taking 2nd position to the private money lender?

You'll usually need some sort of guarantor that will not declare bankruptcy the minute something goes wrong; too easy to do that in an LLC.Once you have a track record, private money folks will lend to you, and on larger properties (large MF) commercial real estate banking looks almost exclusively at the property.Spend some time researching the financing options.  

But i know a private lender that I'm close with and I have done deals with in the beginning. shoot me a message on here directly, his name is Victor and he owns his own private lending company and he lends to beginning investors like ourselves. just shoot me a message so that i can recommend him to you. let me know Happy investing Jamell 

I'm basically trying to tap different economic sectors. 

At that point I'd really talk up how the private money lenders got it made.

No car.. don't bother.. unless you become a commercial agent that works in a certain sector with a large firm in a large urban area where you can manage walking or taking efficient public transit.. 

Seek out private money for the rehab if the ARV makes sense for what you own.  

So within 2 weeks, I had to do some really complicated stuff using HMLs, my primary commercial banker, and a whole lot of private money.

My problem is how do I attract private money invetors/equity invetors?