So I always urge people to start with the end in mind and take a more passive approach.Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications.

I have at least $20K that I can put towards a deal and have access to private money, but want to raise my confidence before jumping into a distant market.

I have at least $20K that I can put towards a deal and have access to private money, but want to raise my confidence before jumping into a distant market.

Im not really a person to ask for anything, however I know at this point in order to really grow my real estate business like I envision I need to start using private money.

Are you looking for hard money or private money for flips? 

-The security deposit listed as "already held with landlord", it currently isn't, it's with the property management company I hired, which I would assume would be sent back to her after lease expiry. 

When I see it the amount is 12-15% but I see people in your position utilize that huge equity as an easy way to get private short term money from friends and family and then clean it up on your cash out refinance on the new property.At the same time look at your cost you pay for the existing loan vs a refinance. 

ITS huge money for those fulfillment companies as in private 30 million dollar jets HUGE>. 

@Brian Dombrowski any time you are providing private money, whether for equity or as a loan you best bet is to have a lawyer that specializes in RE draw up the agreement and assist you with the structure.There are a dozens answers to your question depending on many items, with who and if all the investors are under the same LLC etc. etc.Every investor I know that has done private financing had their lawyer draw up an agreement that the "borrower" accepted and signed. 

You can go in and secure the property and make any repairs.