I have recently gotten a creditline with Private Bank of Buckhead on my Atlanta properties.

So with that being said after you get a private money lender and the money is put into escrow, how do you get the money to do the repairs.

Hi Everyone,In the AnalyzeREI software, I'm putting my potential private money partner's contribution as the "mortgage" portion of the deal.

Are you guys suggesting there aren't private lenders willing to take a second position for better returns?

Private money lenders?

I've spent my career working in acquisitions and asset management for various REITs, brokerage firms, and small private equity shops and now want to do real estate for myself.  

I was thinking, even if you "Cash out" on the property with less favorable terms on property number 7, through the discussed bank, or some other private financing, or hard money route. 

good to have you here @Thomas FranklinIn additition, study Joint Venture Partnerships and Private IRA Lenders.

There are a few different ways to go about either 1. getting the existing tenants out a little more constructively  (and much less risky/problematic for you) prior to closing or 2. finding properties that have already been vacated.Feel free to send me a PM (private message) if you have any other questions or would like to discuss this further.

I think I've heard of a strategy like this and I like it: use their private money, give them a return on their money for 5 years and at the end of those 5 years you guys refi it and you take over their property.