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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...
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Hello all, I have a question about how does one become a private lender? I have some resources that I would like to use to make some passive income. What are the usual terms? How many months is normal? What happen...
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Does anyone work with a private money lender they can recommend in Illinois? Not HARD MONEY lender, strictly private money lender who doesnt charge the high interest rate and the points?Thank you
So, I’m still in the researching phase of my wholesale journey. I bought a book and a host of DVDs from @MarkFlipsHouses (on instagram) and one thing he mentions a lot is not needing any money or excellent credit to e...
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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...
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I have a number of private loans to me. I am paying interest on these loans, but since they are private individuals they wont be submitting 1099INTs to me.
How do others deal with this?
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Hello all, I am wanting to start finding private lenders to invest in my real estate deals rather than working with banks and traditional lenders. I know plenty of doctors, attorneys, dentist and other business owners...
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This will be my first rental property , I need advice , should I get a loan from the bank ? If so I’m located in Florida what banks should I go to that will have less interests ? I personally heard private lenders ar...
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Hi everyone! I'm just now discovering BiggerPockets after buying about a dozen rentals. Not sure how I missed this! But a friend recommended a book that was recently published by BP, so I ordered it, and it just blew ...
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Hello everyone. I am looking for advice on private money lending as I have never used this avenue and starting to look into how it works. My biggest question is won't I lose the tax benefits of deducting loan interest...