Justin S.
Short Sale Private Money
I was told today that Bank of America is not accepting offers that use private or hard money loans. They will only approve loans that have a cash buyer or use traditional lenders. Has anyone else seen this yet?
DuRon Netsell
Parents private loan financing
Alright, so my situation is Monday I will be making an offer on an HUD foreclosure with full cash that my mother is giving me from a mutual fund that was to be my inheritance(60K).
My agent has suggested that my mom...
Ben G.
Private Investor Tax Implications
I have an investor who has offered to give me 15% of net profit after a deal closes if I fund the purchase.What would my tax implications be if say I funded a $20,000 purchase and the sell ended up netting him $10,000...
Daniel Elbe
private money lending structure
I'm looking to close on a wholesale property out of state with a private money lender. He has ample cash not earning much appreciation, so the opportunity to fund a buy and hold investment is appealing to him. He has ...
Trina Tisdale
Legitimate private lenders needed!
I have been searching for private lenders for a couple of weeks now and have been emailing "private lenders" for funding. I have applied to multiple because I know not all will say yes. However two lenders in particul...
Chantél Fielder
Options for private lenders...
Hi there!I recently watched a tutorial on Youtube giving advice for structuring deals to private lenders. I am in the process of creating a deal offer to pose to private lenders (family and friends) and have a few que...
Account Closed
Utilizing private money lenders
I recently found a property that I would like to rehab and sell. However, I can't finance it myself and I am in search of a PML. My questions to the BP community are: do you have to put money down (if so, how much?) a...
Rhonda Smith
Private Lender Expo Experience
Has anyone experienced the Private Lender Expo event? It's a free event but I am looking for reviews about what it was like and if it's worth the time to invest in attending, especially if I'm not in New Jersey. Anyon...
Deborah Hickman
Using private money question
I want to make sure that I understand figuring private money correctly. Is this example below figured correctly? This is assuming no points etc... I would borrow for up to 6 months on a fix and flip and return the mon...
Jessica Rosenberg
South Florida Private Investor
I’ve been a Real Estate agent and MLO for 8 years now, and want to get into flipping homes. I’m looking for a private investor/lender that is willing to partner up with me. Is there anyone in south Florida that can re...