I wanted to know if anyone has had success attracting private money.

That said, I have a couple of quick questions:- If you pay an unincorporated individual (private citizen, non-business entity) more than $600 do you have to issue a 1099-MISC?

I would be careful about doing this with a private seller, who is more likely to use the information to negotiate.

This has been my business for over two decades and I routinely lend to fiduciaries, private and public, personal and commercial, without the need to vest title individually or sign co-guarantor agreements.

Met a Commercial Lender for a small private bank in the Chicago area at the WCRT meeting last night.

So see hard money as a tool that allows you to leverage your limited capital and increase your ROI significantly.And by all means, develop your own sources of private money over time.

A few short sales and a few REOs but mostly private sellers.

You may nneed bridge financing, either hard money or private, which you can refi. once the building is up and cash flowing.

I am hoping to get some suggestions on lenders/financing styles I should seek out and also overall deal strategy with a potential mixed use commercial building.

I am hoping to get some suggestions on lenders/financing styles I should seek out and also overall deal strategy with a potential mixed use commercial building.