With the tightening up of lending in recent years, it’s tough for some to obtain bank loans for investment properties. But, private money loans are within reach for those real estate investors who are seeking financin...
I am looking to get my first Multifamily Property. I do not have enough cash save up for a downpayment. Can I use Hard Money or Private Money lenders as a downpayment?
Investment Info:
Large multi-family (5+ units) private money loan investment.
Purchase price: $630,000
Cash invested: $240,000
This was my first multifamily fixer-upper, In the summer of 2019 and I h...
Here is the situation...a buyer is trying to buy an owner-occupied SFR with 45% down, mortgage amount of approx. $240k. Great credit, good employment history. The problem has to do with her lack of a working visa ...
I have a friend who will fund up to $30,000 that I would like to use as a down payment for an single family investment property. How do I get his money into the deal as the down payment?
An owner of of a duplex (Both sides 1 bed/1 bath) in Sacramento is willing to sell his property to me ($475,000) in the next two months. I have nothing right now for a down payment, I'd need about 20%-30% as a down pa...
Hi Everyone,I live in Phoenix, and I'm under contract for a single-family detached home in University Hills. I was able to secure seller financing, which leaves me to find funding for the rehab. This will be my first ...
I am mid rehab on a property but decided to see what the market will bear and posted it for sale on Craigslist as is. I purchased this property with a loan from a private lender with very favorable terms. The origi...
I have purchased 3 4-family units last year, each with 25% down on a commercial load from my bank.
Now I am looking at a larger investment ($700,000) with a decent ROI of 13%, but I cannot come up with more t...
Quick question for anyone that uses private money. When using private or hard money for flips or rentals, it’s mostly used to pays for the property, the rehab, and closing. Are the monthly interest cost the hold the l...