![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/744725/small_1621496553-avatar-anthonym164.jpg?twic=v1/output=image&v=2)
I am trying to decide whether or not to use the services of a Private Money Lender. I'm being cautious because fraud is rampant and as a buyer I always want to be aware of what I'm signing up for and getting my money...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1371406/small_1695320592-avatar-jakio.jpg?twic=v1/output=image&v=2)
Hi. I have a private lender willing to loan us some money. I approached an attorney to draft some documents for us and provided the collateral details. However, she said she cannot because the interest rate being char...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1140697/small_1621509495-avatar-uneeq.jpg?twic=v1/output=image&v=2)
I have some private money I can use from multiple people. How should I go about managing it? Do I create one checking account and have everyone transfer money in there? Would this get flagged by the FBI if there's tra...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/749947/small_1664294977-avatar-rayh45.jpg?twic=v1/output=image&v=2)
So im just about to close on a deal that I was able to make with a hard money lender. The numbers seem right and the lender seems fair and leinent. We have a 2 yr loan agreement amortized over 10 yrs. The capital rea...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/554643/small_1673498468-avatar-christinelily.jpg?twic=v1/output=image&v=2)
Hi all!
We're currently trying to get started in acquiring a rental utilizing the BRRR technique in Florida. Would anyone happen to know a private money lender or would know where to start in finding a good private l...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3137828/small_1736815429-avatar-baya2.jpg?twic=v1/output=image&v=2)
I've read a few old posts regarding this topic and have those documents in order, but I still have the following questions regarding a private loan (from family) --
Loan Documents for Purchase -1. We have the promiss...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2493670/small_1694741900-avatar-jadeng8.jpg?twic=v1/output=image&v=2)
Interested in being a private lender but looking for the best legal documents to ensure I am protected.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3096065/small_1723215992-avatar-kristiel15.jpg?twic=v1/output=image&v=2)
Have you ever faced difficulty securing private funding? How did you overcome it?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3076037/small_1721012573-avatar-vince1.jpg?twic=v1/output=image&v=2)
Investment Info:
Large multi-family (5+ units) private money loan investment.
Purchase price: $1,435,000
Cash invested: $3,010,600
Sale price: $8,400,000
We identified multiple lots around the li...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/132966/small_1694627557-avatar-jeslynval.jpg?twic=v1/output=image&v=2)
I would like to start investing using private money. Can someone tell me how the typical deal would work? For instance, who would hold the money until closing? Is it unprofessional to have the funds go to a third par...