Devin Bost
How to use private loan money to pay down payment?
I'm trying to figure out what my options are for creatively financing the purchase of a plex. I found a banker who is willing to finance to up 75% of a purchase if I can cover the remaining 25% in a down payment.
I ...
Tanner Grindel
Has anyone used Private money to fund air bnb purchase?
I am curious if funding an air bnb with private money is possible or if getting a normal mortgage makes more sense. If anyone has ever used Private money to do this what were the terms like?
Nick Marshall
Structuring an LLC with private money lender
Hi everyone,We are working on our first deal and after sitting on the sidelines for a while and reading all thing BP, we are very excited to have our first offer accepted! We are looking for advice on how to structur...
Roman Stefaniw
Private Lending Questions
Hello all! Im brand new to the forum and to real estate investing and have a question involving private lending. From what I understand a private lender is interested in lending his/her money out for a super high inte...
Isaiah Elysee
Private Money Lender Passed Away
Let’s say a private money lender gives me the money that allows me to purchase a house. While I am paying him the necessary interest, what would happen to my property and the money I have been paying him if the privat...
Hunter Woolsey
Private loan question
Hello all,I am new to Bigger Pockets, I have been reading the forums for about a year as well as listening to the podcasts on my commute to work. I am also a rookie investor from Texas, I currently have four rental p...
Devan R.
New to Site - Private Lending
I'm new to this website - found out about it and have been hooked since Saturday. I've been reading several post about private lending for a year and then taking a mortgage out after the 1 year. How does this work?...
Robert Ferrell
Can someone explain the process of private money lending?
Hey everyone!Newbie here probably asking a very basic question, but nonetheless, I need some clarification. I am trying to figure out how the process of paying back a private money lender works. Now, I'm sure there ar...
Trevor DeSimone
How Do You Protect and Structure Private Money?
I've done private money lending in the past with both contracts and promissory notes. If you're a private money lender how do you protect yourself while lending? What legal documentation do you use? How do you vet you...
Chris K.
Pros/cons of conventional vs hard money?
What are some of the pros and cons of going with hard money / private lending vs conventional for a second home/ investment, rental property??