John Anderson
Buying Real Estate with a private lender
I am going to start looking for private lender partnerships. I would borrow the 20% down payment from the private lender and get an 80% LTV 30 yr fixed mortgage with a hard money lender (~6.5%). I would repay P&I ...
Kyle Scholnick
Trouble getting loan on commission salary
I am on commission in my job, and although I do well, banks have been turning me down for loans because I don't have a commission history of at least 2 years. Prior to 5 months ago I was all salary. So based on this I...
Virginia VanOeveren
As a PML, you should....
To start as a private money lender, educate yourself on real estate investing and lending practices, define clear loan criteria, and conduct thorough due diligence on borrowers and properties. Draft precise agreements...
Ronnie Sparrow
Need help with structuring private money loan
Both my Private Lender and I need help with how to structure the repair costs at closing. I have used this Private Lender before but the loan did not cover the rehab costs for the previous deals, those costs were ...
Philip Madison
A Question about Private Money
I know this question has been asked many times, and apologies for asking it again. I have seen many posts about finding private money lenders not hard money lenders. The fall back answer has been ask friends and famil...
Ben Rishwain
Seeking private money loan for 10-unit
Seeking private money options. Potentially long-term money. Any recommendations? Is it possible to receive recommendations via this venue?
10-unit Multifamily in Northern California.
Justin McGonigal
Getting Into REI and BRRR Finance Questions
In the process of closing our first rental property via conventional financing. After this purchase, we will be low on reserves but want to continue adding to the portfolio. With this in mind, I have been drawn to the...
Nikko Tountas
Private lender money
Hey guys,So I am just getting into the real estate investing industry and am looking to purchase a few properties. I have a private money lender I can turn to for covering the down payment on the properties. What I’m ...
Paul McComb
Buying Multifamily with Private Money
Wanted to see if anyone else on here is doing the same thing when it comes to purchasing multifamily properties. The last 4 properties I have purchased equalling 12 units was all done with private money at 10% interes...
Mike K.
Lending
I'm looking to get my first deal done on Long Island NY.
Has anyone had good success with a private lender in that area?