I am in the process of getting all my ducks in a row to purchase my first flip house. I am working with my mortgage company to get an appraisal so I will have the option to use a HELOC to finance, however I also have ...
To make a long story short my wife and I are selling our current home (in contract, closing soon) and due to the worst possible timing I was forced to change jobs which ruined our FHA approval on the home we were tryi...
Have been doing fix and flip for about 4 years now. Have a well established track record and can provide previous lender refrences. My wife/Partner is also a Florida Real estate Broker. We have access to all the hard...
Good day BP family! I have an opportunity to acquire 3 Rentals in a package deal but don’t have the $45k for a down payment. How should I go about structuring this deal? Am I able to find a PML who will provide a down...
How would one even begin looking for Private money lenders in NYC, ive used the calculators provided and this platform and crunches the number on few nyc properties with renting potential but goshh capital 😣😣😣😣
So what is the best way to deal with a private lender? Do you split the profits 50/50 or do you negotiate a percentage of the profits? Any advice will be appreciated.
Has anyone ever used the connected investors exchange site, https://cix.connectedinvestors.com/ to find a private lender?
What are the biggest things to watch out for and think about when dealing with a private money lender? Also legal quirks that I may encounter by doing this?
How should you know if your have a reliable private lender? What are some websites, or companies that are certified and not scams?
My question is how do private money lenders earn their money back? Is it just monthly payments from the buyer? Can anyone give examples?