Phoebe Bright
Angel Investors - the refinancing process
Hi there, I am looking to buy my first doer-uper property to rent out and am looking at working with an angel investor to help fund this. I am getting a bit confused as to how to pay the angel investor back in one lum...
Alex Breshears
Clearing up something about private lending...
Since I get these questions a lot - I thought going out to the BP community to see what they think might be educational.As a private lender, I've discovered the term is very ambiguous and vague to borrowers. There are...
Matt Chestnut
Syndication Partnership Agreement Referral
Can anyone point me to best practice resource for a partnership agreement, private placement memorandum (PPM), and/or other critical documents that need to be in order for the purposes of something as buying a piece o...
Ray Li
Attorney for setting up private lending?
Hi, so I read through a couple of posts on how to set up a private lending deal, and most people said to talk to an attorney with experience in SEC guidelines.My question is that does the state matters? For example, i...
Emma Furino
Allowed to have two private money lenders?
Hi, Is it legal to have two separate private money lenders on a deal? For example, if i purchase a home for 200,000, can one lender contribute 100k and the other 100k? I saw according to SEC guidelines, we cannot pool...
Kenny Wolfenberger
Commingling Funds - is it legal?
At a recent real estate seminar I attended the presenter said that it is illegal to commingle funds from different private lenders to purchase a property. The example he used was borrowing money from 2 relatives (5...
Account Closed
how to get Private money?
How do I get private money? also after I get the money how do I create a legal mortgage?
Pedro Bartolomei
getting private money first time
we are looking to get private money to fund our projects . Typically we have used hard money and conventional loans to fund our deals but would like to change that. What are some common private money loan terms being ...
Daniel Martinez
Cash deal & home equity loan
Hi all! Forgive my ignorance as this is my first time posting and I’m new to real estate investing.There’s a home I’d like to purchase that’s in need of a rehab. They’re asking for $150,000 cash. Similar homes in the ...
Tory Kelliher
First Time Private Lending
Hi, I'm new to biggerpockets and looking for some advice on first time lending. I am thinking about privately lending to a friend who has many years of successful REI experience. One of my concerns is usury laws. I li...