What is considered a fair rate of return for private lending? i'm planning to do a BRRRR and friends of mine are interested to invest with me, but trying to decide what is considered a reasonable rate of return.
How would one go about finding a private lender that is willing to accept equity in another property as collateral? Like an equity loan from a bank with comparable rates. I'm guessing a local private lender would ...
Hello! I've been flipping for ~10 years now (just very slowly - 1-2 per year) and have done well on each one. I've taken the profits and invested them in 4 rentals (and a personal res) over the course of that time. Th...
Looking for some opinions....I have forwarded this to my attorney as well so I am just looking for opinions from those experienced in private money transactions, I know that I should consult an attorney.I own land tha...
(Little back ground - currently own 4 mobile home parks totaling 157 lots)
Short Details of the current purchase that I need to raise funds for:
-I have the opportunity to purchase 4 off market MHP parks totaling 24...
I am planning a side by side duplex property and want to make sure we have a convenient and secure place to get packages delivered. From what I've found, the options for package lockers can only be USPS access or Priv...
Reading through this site has opened my eyes to problems I never thought of. I usually stick to local rental properties. While trying to find a new investment for some cash I needed to put to work, a friend recommende...
I have a property in which I have already secured private money for the rehab of the property. Problem, I only have some of the purchase price. Here are the numbers:
Purchase Price: $60,000 (I have $20,000)
Rehab Cos...
I am considering purchasing a property through a loan from friends/family. Are there any non-obvious downsides to this kind of loan? Is there a set legal range for the interest rate? Any knowledge/resources on this wo...
Good Evening - I'll cut right to the chase. I am looking at an REO property where the bank will only accept a cash deal. Have any of you had success in cross-collateralizing your properties to secure a higher HELOC or...