My friend has a property he is rehabbing in Detroit and we are at seeing if there is other options to refinance other than private lender.

Credit union is offering 6.5% mortgage loan for multifamily property. 

Think of it like the escrows you likely pay your mortgage servicer for Insurance and Taxes, or your estimated taxes to IRS.  

I was bidding on a 1st mortgage.

Talk to your parents, or another trusted relative, about co-signing a mortgage with you.

I am looking at doing some private money lending with Garnaco.  

Any private/wealthy investors out there?

When deciding whether to sell the rental property or buy out your partners, consider factors such as the current market value of the property, any outstanding mortgage or debts on the property, the potential for appreciation in the future, and the rental income generated by the property.Calculate the amount you would need to buy out your partners and compare it to the potential profit you could make by selling the property.

Funded 100 percent including interest with private 401k money.

Mortgage and cash What was the outcome?