That means on a $500K single-family flip with a $200K rehab budget, you're paying $40K-$50K in carrying costs alone.

I am curious to continue learning about hard money and private lending options.

Consider reaching out to private lenders, accredited investors, or real estate crowdfunding platforms.

Hiring the attorney to draft up the documents is the most expensive part, depending on the lenderCons:- Finding private lenders who aren't charging 10% or more is hard to do (Not impossible, just hard)Private lenders is my favorite, because we have found private investors who know us, like us, and trust us, so we are able to work with them and get rates just as good as banks provide, without much in closing costs, and flexibility to set up the loan how we want to set it up instead of Fannie and Freddie regulations.

So numbers are spot on, those saying they have lenders giving them money on bridge at 8-9% are those private lenders using own funds, if its institutional money etc. its much more expensive.

@Steve Schaeffer For Question 1, your basis calculation in the DST (Delaware Statutory Trust) generally carries over from the old property under the 1031 exchange rules.

I’d also be keen to hear from any other aussies too...maybe to join a local networking groupOriginally posted by @Austin Jay Toniolo:@Nicholas Andrews Hey Nich send me a private message and I will give you my partner's contact info so you can pick her brain.

She must've seen the rent roll.And can I get the number of that private lender? 

You want to work with private money, not residential mortgage companies for investment properties.

In over 15 years of lending our money privately, here are the most common questions we are asked by potential borrowers.