I am interested in being a private lender for investors who need to get their deals funded. But in my 401k, I only have $3000. Now I realize that's a small amount, but aren't investors looking for their deals to ge...
After a couple of years of reading, listening, calculating deal after deal scenarios, I am ready to make my jump. I have found a property that I believe to be a profitable, and manageable first venture for me. Short v...
If you are a CA resident searching about Asset Protection one option for your, if you qualify, is the Private Retirement Plan (PRP) which provides one of the highest levels of protection for your assets. PRPs are ide...
So i have some one who i know is legitimate and just told me what he can offer me. His offer is i pay 10% of property and he pays the other 90% with 9%-9.5% interest. And he also pays 100% of the rehab. Im just wonder...
Like the title says, how much do you pay your private lenders? I have seen that 8% - 15% seems like the average.
Now another question - is that 8-15% on the money they lend you or of your final profit?
Hello all! First post. Excited to be a part of this group. I have some experience in real estate investing and buying and selling my personal home, but all this experience is with traditional lenders. I am talking w...
Hi BP,I'm currently looking for a HML for Fix & Flip projects in the Northern Virginia area. I had a call with an associate from iFundCities and was wondering if anyone has worked with them before and what your ex...
If you have a hard money loan and rehab funds included. What happens to un-used rehab funds? I would imaging we’d have to pay back the entire loan that includes rehab funds. Is this money released to you once hard mon...
I’m trying to understand the terms of these construction loans to build a duplex and choose the better option ASAP.
Loan 1: Loan Amount: $525,000 - $75,000 funded at closing (less fees and reserve), then 6 draws of ...
Hey Guys and Girls,
I have been having issues with the draws from my hard money lender. My draw request was monday of last week property was inspected Thursday of last week and submitted to the lender Friday of las...