Michael J. Finnegan
Creating Private Money Lender Relationships
Hey BP,I am struggling to figure out how to develop the best strategy to find and build relationships with true private money lenders. I am a buy and hold investor who focuses on small multi-unit properties in the Co...
Pat A
HML's and PML's
I was just reading various topics and I saw a lot of HML's and PML's wording. I thought they are the same but not sure.
Are they the same? What the difference? (I couldn't find it when I googled it)
Hank McArdle
Financing with 250k in equity, no income docs
I currently own 2 properties in AZ free and clear. I want to use the 250k in value to purchase a multi unit rental in Chicago, while keeping and renting my AZ properties. My income docs aren't there, is there a priv...
Vince Lucas
Private Lenders or Other lending options
Would like to hear if others are having success using private money? If so, what percent are you paying? Any fees? I have been using cash and think its time to learn more. Any suggestions or help would be greatly appr...
Jay Holder
Potential First Property
I have a potential first property that I want to purchase:PP:130k for a TriplexTotal Rent $2025 all 3 units have tenants
Monthly expense is 1500For financing I am looking at private loan with 0% down. I would have ...
Lawson Nesbitt
Refinance money out of brrrr deals question
I've read that by using the brrrr strategy you can acquire around 2 properties per month using this strategy but how is this possible if your using the same money and you have to wait for 6-12 months to refinance your...
Amy Atnip
Private lender for flip down payment
New member and fairly new licensed contractor looking for advice. I'm almost finished with my first flip. Another property has become available that I'm interested in flipping, but I don't have the cash for the down p...
Account Closed
Private Money: transfer money to me or transfer money to title company?
Greetings all,
I'm doing my first private money deal and need some advice.
I've located an investor who is willing to do a generic promissory note so I can purchase an investment property.
However, b/c the propert...
Jevaughn Johnson
HML or Private Lender for Seller Finance Deal?
Good Morning AllI have a 3/2 SFH that I want to Buy and Hold. Property is going for $80k. I have had 2 contractors give me estimates for roughly $35k. ARV is $156k. The idea I had in mind was either get a HML or a Pri...
Lewis Chart
Where Should I Start?
I am retired and own a home in northern Idaho and another condo in Hawaii. Both a free and clear. I used to rent the Hawaii property full time now I split my time between both. I rent Hawaii when I am not there. I...