Hello BP'ers, I read an article by Alan Cowgill about how if you're gonna use a private lender for your project, you need a disclosure statement..He said in the disclosure you have to put that there's a risk invol...
It seems to be apparent that it is ok to request money from a hard money lender. I don't want to make assumptions however. If it is ok to request money from a hard money lender, why? Why is this not considered a gener...
If I have a property in mind...
(1) What do private lenders look for to ensure that they are lending money to a good deal? How can I put my best foot forward so that a private lender feels confident in the deal and i...
I recently sold my first fix and flip and am looking to do a mixture of the BRRRR method and house hacking with my next deal. In my first deal, I used a mixture of personal loans and my own money to finance purchasing...
Hello all.
I was just trying to get some ideas of how others are finding private money lenders. It seems as though the ones that charge the lowest fees and interest are not advertising that they lend. Hence the nam...
I have a great deal in southern California with $300k purchase price, 60k in rehab with an arv of about $650k. Single family detached, private seller not willing to owner finance.
I want to create deal bringing tog...
I've been looking at HML to help fund spec home building and I'm not turned off by the higher rates but, I'd like to connect with private investors directly. So, my question is if I post in the marketplace that I a...
I would like to find private investors to provide hard money loans, first position deed.If I am the borrower, NOT a broker, can I freely advertise my need? Or am I restricted by the SEC or state laws?
Does anyone have a template for one of these?
Thanks,
Jeff
Anybody familiar with this new CA law that starts Jan 1, 2013?
Sounds like when you sell a trust deed investment you have to make sure the buyer is “suitable”, if it is determined they are not you can be subject to s...