I have been looking for a private lender and have an acquaintance interested. However, rather than be a lender at 8-10% interest for short-term loan, he wants to be a 50/50 equity partner. Is this common? I am look...
Hey BiggerPocket community,I'm in Canada and I found AIMLOAN. They offered me that:Please see below for term calculation on the amount $200kLoan Amount: $200,000.00Loan Terms: 6 MonthInterest Rate: 8.00%Repayment Plan...
I am ambitious about getting into a deal but im BaF right now and want to start flipping. How do I find private lenders? Do they advertise somewhere or is it a "private" thing that the more wealthy investors become on...
I just listened to podcast 106, which was great buy the way. My biggest question is how to should I start looking for private money lenders. Im closing on my 1st deal right at this moment. Its a duplex, im financing w...
I was hoping to get some knowledge of anyone that has used a private money lender that wasn't family?If you found them from an investing group and what is the standard practice.I need to use one and have found people ...
Hi all,
I am looking for private money lenders in the Philadelphia area. Does anybody know the rules for advertising for private money lenders? I know there are guidelines you must follow. Not even sure who the govern...
Good afternoon everyone.My question is a about the ins and outs of private money lenders.I have an older neighbor who wants to invest some money in realestate and asked if he could be in on a flip with me.How should I...
Hi BP,This actually is not something I thought about until reading a recent popular forum about private lending scam artists... but does anyone have any advice for vetting private money lenders for first timers? Any b...
Hi everyone, I have been looking to establish relationships with money lenders. I am wondering if the terms sent to me by a private money lender are normal? I am copying and pasting them to this post to see if I can p...
So I have been vetting private money lenders from a pretty reputable website and have asked multiple questions about how the process transpires. In the experience from all of the investors here on the BP forums that...