Is it customary for private lenders not banks to ask you to provide your own credit history? I have done several loans with banks and they always just pulled my credit. I am starting to work with a private lender and...
I have a potential multifamily deal in Los Angeles with the seller willing to finance. High level, I understand how the seller financing works, but dont know the granular stuff of how to get it into an agreement and s...
Does anyone have a good resource for mining recent Seller carry Back Note transactions. I have looked into list providers which supply telephone numbers and addresses for recent transactions. Is there a better way to ...
One of the best things I did when I first started was to look into private auction companies. I found some of my best deals that way. One really good company is Williams and Williams Auctions (I'd post the link to t...
The Title says it all. Currently met lender who offers extremely good terms. 7% int only split over 2 years. He didn't ask for any upfront fees but does require payment for loan insurance. The loan insurance company ...
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...
Hello BP Community,
I reached out to a private money lender. His company has been active for the past six years. There is no company website or phone number, I looked up the address on google and it matches at six d...
How does the loan process with private lender works ?- Can anyone let me know the step-by-step process of private money ?- What is usual amount of points for private money ?- What is the usual interest rate for privat...
I got approved for $250k @ 5% for 30 yrs by a private loan company. I now have to pay 2 points ($5k) for loan fees up front. Since everything was done online by email and a few phone calls I'm not sure if i should b...
Has anyone worked with Robert And Pamela Smith Investment Limited PartnershipA Federally Recognized Native American Entity before?