And please, if they advertise themselves as "private lenders" - don't believe them!

Question for the masses.Why is private money, from friends and family what I hear is "the way to do it" such a good thing, when I am seeing private money mortgage brokers offer 6-7% loans 30 year fixed? 

There is a plethora of vendors available who handle title, site visits, loss mitigation, legal/foreclosure, property preservation and property sales -- all can be directed via phone/email. 

Shoot me a private message if you want to grab a coffee some time. 

Then follow up with them via email or call for a few follow-on details.

Thanks Anthony. i am gonna email him right now..

I'm a RE accountant, so my reply is based on complaints/praises I hear from my clients.Investors prefer to have one lawyer for everything REI: LLC formation, closings, private money deals, evictions, litigation and whatnot, even though it's often best handled by specialists.Number one complaint is accessibility.

@Cedric My average LTV is probably around 55%The part you missed is that I have never paid market value I pay between 30% & 70%My lenders are local private lenders.Let me give you some history,Step One: 40k in the bankStep Two: Purchase 100k worth of property which grosses 18k/yr.

I prefer to look for another source of a private lender based on the deal itself not looking for banks or credit based solution or id already go that route. 

An agent again offers a great value In proactively looking for buyers for her listing in the ways of marketing, calling other agents and emailing them as well promoting that property.