Hi Everyone, I have a good friend who wants to invest into my fix/flip projects. He has 100-200k that's sitting in a bank account, that he wants to invest with. He would simply be handing it over, and we would use the...
Hi all - I have a private lender that told me to write out a proposal for her to be my bank on my first investment. I have a question for BP. I would like to use the private money to purchase the property and fund p...
For those of you who have used private lenders to fund a project, what kind of return did you give your lenders? Also, how did you structure repayment of the loan?(When I say private lender, I mean friends, family, et...
Hello can anyone give me some insight on how to find private money lenders along with the pros and cons with using them for real estate investing?
i've been thinking about becoming a private money lender and to do my D/D. I only have 10,000 to invest. Is anyone lending short term 1-6 months and at what percentage?
I am new to real estate. I found a private lender. He is willing to give me 100% with 3% interest on a $150 k loan. He said he needs my bank account to deposit the money. Does this like a scam or is it legit? How does...
Lending $60K on buy and hold - Prop value $300 - $325K. 10% interest only $500/month X 6 years.Investor will chip away at prinicpal with balloon at end for balance.Will do promissory note, mortgage, and hold 2nd pos ...
When using friend's or family's money, how is this typically structured? If the money will be used for a down payment and/or rehab costs, is a simple agreement used which lists terms, interest, amount, etc? If it is...
Hi all. I tried to search what I was looking for through the forums, so my apologies in advance if this has been brought up too many times recently. I’m searching for tips, tricks, and pointers to using a private lend...
I am looking for private money lenders here in Colorado for properties. Any advice or suggestions?