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Hello all! I'm curious what everyone's experience with private lenders is like? What are the main pro's and con's? What do you look out for? Are there standard rates or parts of the experience to note and expect? etc....
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I know the definition of "REI" can be very broad. But, in a very general sense I have been having the realization that even in some of the best REI scenarios 10%-15% return on your money is pretty good (this of course...
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I will be expanding this thread with more reference material and links. Convergence of Private Money and Hard Money Industries: A Comprehensive Analysis
Executive Summary:
The private money and hard money industries...
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When borrowing money to help fund a deal what are the best strategies for paying lender back? Using cash flow from property? Refinancing after a few years? Any advice is greatly appreciated. Thanks
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How does the loan process with private lender works ?- Can anyone let me know the step-by-step process of private money ?- What is usual amount of points for private money ?- What is the usual interest rate for privat...
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I am looking for 2 loans: One a secured loan on a property that has 100% equity, & another on the multifamily property that I buy. Private lender at lease for the secured loan. I don't want a HELOC.I expect to giv...
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When it comes to funding projects I use Private Funding. It took a lot of networking and proving that I know what I am talking about. I went to a lot of education programs and REIA meetings. I now fund all my buy n...
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Hey guys I have a property here locally here in Philadelphia PA. 4814 Greene st. In a section called Germantown. Very history area, but anyway I can get this owner to sell me the house at 30k the rehab to bring it up ...
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I'm looking to buy a foreclosed home that is currently not getting any offers & has been sitting on the market for 129 days. The only problem is, I need to figure out funds & private lending. The original list...
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When you are buying a property off of the MLS, and using private money, how do most of you show proof of funds? Most of the time I am asked for bank statements or something similar, is it the same when using private m...