John Thedford
Can You Lend OPM In Florida Without a License?
Yes..and no. Per Statute 494 which governs mortgage lending, an exception is granted to those who lend THEIR OWN money. So--can you lend OPM and stay within the law?My interpretation is YES--provided you lend the mone...
Ben Scarborough
Hard Money vs Private Money?
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
Virginia VanOeveren
As a PML, you should....
To start as a private money lender, educate yourself on real estate investing and lending practices, define clear loan criteria, and conduct thorough due diligence on borrowers and properties. Draft precise agreements...
Nate Marshall
Convergence of Private Money and Hard Money Industries: A Comprehensive Analysis
I will be expanding this thread with more reference material and links. Convergence of Private Money and Hard Money Industries: A Comprehensive Analysis
Executive Summary:
The private money and hard money industries...
Jamie Stone
Hard Money Question
Suppose I had to use a hard money lender for the rehab portion of the house I am looking at (I have the money for the purchase - depending on the price they accept). Do I need to form an LLC to receive a hard money lo...
Raquel Aviles
Hard Money for 6+ Multi-Units
Hello, I'm looking for Hard Money lender to Fund the purchase of a 6 unit. I have worked with a few lenders in the past and they all only fund 2-4 units. I found one HM lender Stratton Equities that will fund but not ...
Vern M.
Possible to BRRR with HML but witlhout being LLC
Okay, so I read a discussion in a little while ago that hovered around my current issue but I didn't quite get the definitive answer that I was looking for. "Do HMLs only lend to LLC's?" I've spoken with 4 today and...
Lauren Shelly
Private Money vs Hard Money
Good Morning! Happy to be here and join this group! I am "new-ish" and looking to use more private money as opposed to hard money. (Im in Mass if that makes any difference) Any advice on where to look to find investo...
Michael Williams
Raising capital (Private lending)
How would I be able to find a private lender for a commercial property deal. It’d be for my first apartment deal, should I hire a securities lawyer? Do I need to create an LLC? Looking off a money partner or someone t...
Luke Glaze
13 Bedrooms!
Hi Bigger Pockets Community,I recently started talking with a colleague about doing a partnership deal on a 8000sq. ft. Italiante Victorian house with 13 bedrooms. The house is located a short distance to a small chri...