Mike Dugan
Private Lending Questions
I am a new investor in Grand Rapids Michigan and have recently launched a yellow letter campaign that has resulted in me getting two duplexes under contract. I have the credit (740) and cash/w-2 income to do traditio...
Kevin Green
The Power of Joint Ventures
How Real Estate Investors Can Leverage Private Lenders for Profitable Partnerships
Joint ventures (JVs) are a powerful tool in real estate investing, yet many investors shy away from them due to misunderstandings o...
Emanuel Soto
Private money lenders
Hey everyone, I am new to real estate investing and just had a question about private money lenders. If a private money lender loans me money for my down payment, how long would I have to pay him back and what would b...
Frank Pressel
How is first position assigned?
I understand various strategies in getting money upfront to do the BRRRR strategy. You could get private money, hard money or use your own. Then you refinance later once the rehab is done and tenant in place. My quest...
Mike Becher
Newbie Question about Private Lending
If I have a property in mind...
(1) What do private lenders look for to ensure that they are lending money to a good deal? How can I put my best foot forward so that a private lender feels confident in the deal and i...
Christopher Jordan
Hard Money vs Private Funding vs Bank Backed
I have just bought my second property. My first was a multi family about 3 years ago, the second was a foreclosure. I lived in one side of my multi family and rented the other out until I had enough to buy the next ...
James Moore
Brrrr Financing in Canada
Hello everyone! New to BP and loving it so far!!
I am looking at investing in Ontario Canada where I live. At this time I’m looking to come up with different ways to finance homes to BRRRR.
A few questions if anyo...
Rabih El-Khoury
Private Lending & BRRR: There's (one helluva) a catch!
The only way BRRR with private money works is if the cash-out re-financing amount is equal to or greater than the money put it by the investor + their expected interest. Here's the catch: roughly speaking, if the inve...
Laura Costello
Private Money Lender Contracs
Hello, I've been investing with my own money and the BRRRR investment strategy and have a question regarding private money lender agreements.Are there contract templates on the BP website or do any other members have ...
Tyler Roderick
private mortgage
I am interested in finding a private mortgage. There is a short sale property I am interested in and would like to borrow 130,000 for purchase and renovation. I am in the construction trade and the cost of all th...