Frank Teshima
Using Private Money For Deals
Hey fellow BP members, I have a private lender that has quite a bit of equity in their home. I found out about it and approached them with an opportunity to put that money to work. I told them that instead of taking m...
Josh H.
Private Money (Hard Money is for Suckers)
Good Morning BP Community,Is Hard Money really for suckers?
My wife and I have done about 30 flips over the past few years, typically with a partner of ours that has a good amount of cash which he invests, then we sp...
Christian Ehlers
Fair Private Money Returns
Hi BP! I have been running my own STR for awhile now and am looking to expand by leveraging private money relationships (as well as some of my own money from my Real Estate Sales Business). I'd be looking for about $3...
Account Closed
Is Bank of America BSing me?
Bank of America says using its merchant services for lending money is prohibited. I then asked the representative, can i open a regular business account for my private consumer lending business where customers pay me ...
Account Closed
I'd like to become a private lender- Los Angeles mentors welcome!
Hi BP!I recently purchased my first residential property, no financing. I purchased this as a rental property, and I am aiming to have it rent for $4000-$5000 a month. It should be ready in about a week for photos to ...
Nicole Allen
Private Money (from a company) vs Hard Money
Hi BP fam, What is the difference in Private Money from a company vs Hard Money. I understand the logic of Private Money from a friend or family member, but I don't understand the difference when a company advertises...
Herndon Davis
13 Rules to Vetting Private Money Lenders
Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...
Brant Schumaker
Private lending and sensitive information
I am researching private lending options for my business and the thought dawned on me that these types of transactions are typically individual to individual. What sort of due diligence can/should I do on the lender t...
Barrington Charles Lyons
How do I find investors? And how does the split work?
How do you find private investors, get them to believe in your dream and work?
Antwaiyn Smalls
PRIVATE LENDING QUESTIONS
Good Morning Family,I am reaching out to get some information and guidance on Private lending. I have inquired to a few private lending businesses that provided some information on their lending instructions and pract...