I have a family member who is willing to give me a loan and hold the mortgage for an investment property. How do we get the loan officially "on the books" so that I can declare mortgage interest on my taxes?
Hi, After months of searching and looking for an investment opportunity, I found a drive thru coffee place that I am ready to make a move on. Existing owner is renting the business to another person who pays rent. ...
Hello,I have been wholesaling for about 2 years in Phx. I am wanting to start flipping home. Can anyone tell me the best why to raise private line of capital?
Is it possible to get a private money lender to also include the rehab cost in the total amount
I have recently acquired a piece of property in a very popular part of the city that is well on the rise. The fair market value is very nice and it is zoned as residential, so I could build on it. If I choose to go t...
How are you guys marketing to find private individuals that are simply looking for a good return on their money?I know of a couple local fix and flip companies that are using money from private individuals to fund the...
I am wanting to approach one close friend of mine on investing 200,000 as a down payment on a million dollar loan. This would be a deal to acquire 30 single family homes. I am not sure how to structure this deal. I do...
We have been working with private lenders for a couple of years. We have developed a pretty good system with promissory notes and deeds of trusts here in Colorado. Then a potential lender asked me this question and I ...
I am going to start looking for private lender partnerships. I would borrow the 20% down payment from the private lender and get an 80% LTV 30 yr fixed mortgage with a hard money lender (~6.5%). I would repay P&I ...
What steps can I take to vet a private lender and is it necessary?