Suzanne Lee
Newbie looking to borrow money for REI
I am trying to get started and would like to purchase a rental property. I am currently not working so I have no income. Can I still borrow money for rental property to start or do I need to go more into wholesaling s...
Gerardo Escutia
1st private money borrowing for short sale
Hi guys, I am in the process of putting a bid on a short sale home. This year I purchased 3 buy and holds, so I am running low on funds. I found a great deal and do not want to let it pass. My brother and brother in l...
George Dale
Documentation when borrowing private money from family
What documentation do I need to consider when borrowing long term private money from family (30 year amort/10 year balloon)? I am working with a close family member on a loan. There were be no lien's on the property...
Tia Redford
$22k newbie not wanting to borrow money
I have about $22k and I don't want to use a lender. Should I try to invest now or wait till I can save more? Where should I look for deals?- in Bexar Co. TX
Jonathan Thieme
laws for borrowing private money in oregon
Hey,
does anybody know of some good resources or podcasts that talk about the laws on borrowing hard money in oregon, particularly in the case of owner occupied flips.
Thanks
Nirzhar Kar
Thoughts on investing with borrowed hard money?
Anyone invest by boring hard money and flipping more houses? I am starting my venture into flipping but i wonder how people have 12+ houses at once without borrowing money? And since most good deals are cash, i am gu...
Michael Brown
Does Private Money consider a borrower's DTI?
For those who have worked with Private Money before, in your experience have they looked into you credit score or DTI or is it a purely collateral based loan? I'm curious because my DTI is a bit high at the moment and...
Iaroslav Demydovych
First time private money borrowing, need guidance!
I am in Lancaster Pennsylvania! I am looking to borrow some private money and I have couple people that want to land me money. Can someone please explain the legal process so I do everything right? thank you!
Rich Vogel
Borrowing money from friends,family, and other
Hi All, I know there is a lot of legality around borrowing money from people and soliciting business for borrowing. I have some family and friends that are interested in holding notes on my rental properties. What i...
Darrin Carey
Borrowing Downpayment, closing costs, and earnest money
As a private lender, I'm suddenly getting a lot of requests for three things that concern me.
1. Lending the Downpayment (behind another hard money lender)2. Lending all the borrowers closing costs3. Lending funds fo...