I have an opportunity to invest in a private money deal for a fix and flip with a 15% return, however, I was told that CA usury laws only allow 10% returns for private lenders. Does anyone have an insight on this?
A guy named Frank Walker showed up in my Facebook messenger asking if I needed a loan to finance my deals. I said, not at the moment. He then asked me if I could text him my email address so he could send me his fund...
Is there a vehicle (Trust for example?) that would allow us to utilize investor's cash as a down payment on a mortgage? For some background. My friend and I are looking to start buying, rehabbing and re-selling prope...
Hey fellow BiggerPockets members!
My brother-in-law & I have a real estate investing business together to do flips & rentals in Michigan and are going to start bringing on private investors to invest with us....
Curious the difference between hard money vs private money lenders? Could someone please explain to me and let me know the pros and cons of each?Thank You!Ben Scarborough
Hello BP friends, I am new to REI and I am trying to learn as much as I can consuming podcasts, books, courses, and talking with friends & family with experience. With my current situation I believe the BRRRR meth...
Compare and contrast private money loans and hard money loans.Discuss scenarios where each type of loan is most beneficial.Please share experiences and preferences.
Anybody know what to search for when looking for a template? Lender is individual, not institution and not regularly in the business of lending.
Hi all,I'm a real estate investor in California, but I also own multifamily in Indiana. I have a private lender here in California that lends against homes that I flip. He's always been resistant to lending on anyth...
I am looking into private money lending sites for house flipping and was curious about others experiences. What sites have you used? Which have the best terms, etc? Which sites work with first time flippers? Any knowl...