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19 December 2024 | 4 replies
Bird dogging is a way to make money but its not gonna get you rich.WE have had many do some birddogging for us on the private lending side to find qualified people that need a loan and its interesting how many last a few weeks - I sense the same holds true for real estate bird dogs.
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18 December 2024 | 11 replies
In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.
20 December 2024 | 2 replies
I don't know how to make this happen but the numbers work well, so I'm looking for creative advice/equity partners/private money/hard money for how to make this happen, and then when my business sells I can pay back the loan and find financing at that point to continue the rehab.
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15 December 2024 | 13 replies
It does have nice destination and asan owner i like the private beach (not so good for the public).
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18 December 2024 | 7 replies
The net result is basically the same, but it keeps the two properties separate from a lenders perspective.Any low down payment money, particularly on an investment property, is going to come from a private money lender.
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16 December 2024 | 11 replies
Is there something I need to do to get my phone number and name disassociated with these properties or at least made private?
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17 December 2024 | 14 replies
Private money or family money is best to get started.
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16 December 2024 | 5 replies
However, we typically use the FHA-203k loan because it involves a renovation, which I highly recommend if you are looking to really boost your equity and have the cost of the renovation wrapped into your loan with a VERY LOW AMOUNT OUT OF POCKET.I like the FHA loan, but honestly, the Fannie May Home Style is an even better product at this point because you just have to bring a bit more cash to the table 5% vs. 3.5% (w/ FHA), but you have a bit more flexibility.
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9 December 2024 | 2 replies
Treat your family private lender like (or better than) any other private or HML: promissory note and lien recorded against the property.
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17 December 2024 | 13 replies
Rather than tearing down everyone, I’d rather focus on how different teaching styles and strategies might suit different investors' needs.When someone consistently promotes one product while criticizing others they haven't tried, it undermines the trust and authenticity that makes this forum valuable.I'm not trying to create conflict here, but as someone who has learned a lot from different educators in the land investing space, it is concerning when I see someone posting carefully disguised spam and trying to make it look like an unbiased review.