Any investor currently doing / interested in doing peer to peer lending on a personal loan(s)? Tuned into a BP Podcast that got me thinking about unconventional financing.1) Secured with real property2) < or = to 2...
My team is working on a deal and my partner and I have different perspectives on when to give a LOI. I want to give it before we secure financing to show the seller that we're serious. My partner wants to wait to secu...
There seem to be hundreds of creative ways to get into an investment property, but I have a question for lenders about using mostly borrowed money for the down payment. Is this really possible? Let's say I've only g...
Hi, working on my first deal and there is still much for me to learn and am looking for some advice. I am wondering how having a private money lender promissory note (for approximately 40% of the ARV) and the house be...
I was talking to mortgage company loan officer and I mentioned that I would be getting a private money loan from a friend for an investment property I’m looking to buy. She said that the bank will generally frown upo...
How can I use hard money for Foreclosure Auction?
Hello,
I spoke to an investor/wholesaler who purchased a flip property in Texas sept of 2023 and didn’t have the funds at the time to get begin rehabbing. He is looking to borrow $50k with 10% interest. He already h...
I am a partner in Canini Properties LLC in San Antonio, TX and have a quick question. For my flips i usually use hard money to secure my properties, however if i was going to secure a buy and hold, what other way coul...
As I continue my real estate investing journey, I am considering the option of turning to family and or friends for a down payment loan and in turn offering them something in return i.e. a fair interest rate. I have h...
How do you find private money lender who I can borrow from and pay a preferred return for three years backed by equity? I have always borrowed from a bank using my money as the down payment. I have scaled to where I ...