Darrin Carey
Borrowing Downpayment, closing costs, and earnest money
As a private lender, I'm suddenly getting a lot of requests for three things that concern me.
1. Lending the Downpayment (behind another hard money lender)2. Lending all the borrowers closing costs3. Lending funds fo...
Wendy Busa
Becoming a private money lender vetting borrower
I am a new investor that is a member of the local REIA. One of the investors is looking to find a hard money lender. I am interested in becoming a hard money lender but I do know the best way to vet the borrower. What...
Kristina Lugo
Borrowing money from parents for down payment
I'd like to purchase a 2 unit building with a 203k loan that I'll eventually BRRR. I have some money in savings, but not enough to cover a down payment, closing costs, and reserves to hold me over for a few moths whil...
Jimmy Suszynski
How to borrow money from friends/family
I have a handful of friends and family members that are interested in lending smaller amounts ( <$5,000) for house flips and BRRRR deals. This cash could help with interest-only payments and down payments. I formed...
Andrew Bennett
Private money rates when borrowing from family
What is a “fair” rate to pay a family member for the first time borrowing money from them?What kind of return should they get for:1. $5,000 2. $15,0003. $30,000What is the best way to repay them?1. Lump sum at the end...
Justin Johnson
Borrowing Money from Family/Friends for Downpayment
I have talked to several banks about the possibility of borrowing money from friends and/or family to come up with the difference needed to make a downpayment for a house/multi-family property and would just pay the f...
Steven Lee
Looking To Educate Borrowers On Hard Money
If anyone might have any questions in regards to a hard money loan, This is is the forum to ask. The more you know about how hard money works, the easier it will be the make the right investment.
Isaac Pyle
Borrowing money from parents to get started?
Hello BP community-Does anyone have experience borrowing money from their parents to get their foot in the door with real estate? How did it go for you?Let me explain my situation. I am going to be a sophomore in coll...
Jared Haskell
Borrowing money from capital firm in Dubai.
I am in initial talks with an old high school friend who is the managing partner of an investment firm in Dubai. I am wanting to purchase a 35 unit university apartment complex ($3.5mil). I am wanting to know if anyon...
Karan Manglani
Timeline When Purchasing Home and Borrowing Money
Hi everyone,While there is a plethora of great information on BP, there seems to be one question that I can't fully understand.My plan is to work with hard money lenders but I'm getting lost in the process. Below are ...