Eduardo Bilbao
How to bring investors into a deal? How do you set up contracts?
Happy Sunday everyone!I have investors that are considering investing with me but I am stuck on what to offer them back. I have personally been thinking on giving them a 8% return on their money until the money is pai...
Rob Green
PPM: When to use it and when it's uneccessary
I have my own thoughts on this, but I'm interested in hearing others' opinions on the subject. We often talk here on BP about using "private money" for our real estate investing. Whether having someone else fund the d...
Carrie Whisel
Best way to finance a fixer upper...
Hi! I'm a current homeowner with approx. $150k in equity. My husband and I are looking to buy a fixer upper from our city to rehab for our future primary residence. We'd be paying for the property in cash but need ...
Account Closed
What are realistic return percentages for private money lenders/investors?
Wondering what the typical returns are for private money investors for house flipping? Example: If I were to approach a friend, family member or colleague who's flush with cash and ask for a 50-150K investment, what w...
Nicole Johnson
Out of Country Investing
My husband and I have the opportunity to purchase a triplex in another country, and after running the numbers, it looks like a great deal. However, securing a loan overseas could take up to a year to close. Do you hav...
Nathan Martinez
I was wondering if anyone could help me with understanding Private Money Lenders
I have had afew emails from people saying they are lenders but the numbers they give out no one answers and they all ask for money up front so if anyone can help me it would be awesome. so do I pay the money they are ...
Cameron Biggs
Family lending for a BRRRR deal
Hi BP My partner and I just closed on our First home yesterday but at the same time our realtor found us a great BRRRR deal in the Cleveland area. The situation is the property is an estate sale and they will go with ...
Jay Holder
Potential First Property
I have a potential first property that I want to purchase:PP:130k for a TriplexTotal Rent $2025 all 3 units have tenants
Monthly expense is 1500For financing I am looking at private loan with 0% down. I would have ...
Owen Thornton
Raising Debt, loans, and seller financing.
Hello! I was curious if any of you have raised debt to purchase a property before? Personally, I find it much more attractive than raising equity. I was thinking about raising debt for smaller properties, up to 100k. ...
Eli C.
1099INT for private loans
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?