Lana Forbes
How does a private lender report their income for tax purposes?
Hi BP members. As a private lender, how do you report the profit you make for tax purpose?For example, I loan 50k and after 3 months I get back 58.5k in return (50k loan, 5 points = 2500 and 12% interest = 6000). Ho...
Brian Wheeler
How much capital should you raise for a Private Equity Fund?
My business partner and I are starting our own Private Equity firm. My main question is when we start a fund, how should we determine how much capital we will want to raise for that fund? Is it based on the size of th...
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Looking for a private/hard money lender in McAllen, TX area
Hello,
First time investor here. I'm looking at a property that I can get for about $38k that the tax assessor has valued at $64k. Very few renovations will be needed to get it into good condition. I'm hoping the ARV...
Lemont Williams
I Want a Private money lender but don't have %10 down ???
Okay, so I was on the phone with a seller yesterday and he seemed to be a motivated seller and would like to have this house sold before the end of the year which is like a week and a half or less but I normally use w...
Barry Inge
over come fear when dealing with a private hard money lender
A few Months ago I was looking into actually purchasing this property and I didn’t have the funds to cover the purchase of the property. I began to look into a hard money sources and the Hardmoney lender Seemed to leg...
Michael C Gregory
How do I find the owner of a "Drive for Dollars"?
How do I find the owners of properties that I find when driving for dollars?Thanks.Mike
Paul Deliso
How are some ways I can pay back a private lender?
Hello BP,
I am sitting on some capital and am currently looking to buy my first multifamily. Depending on the price of the property I come across and deal it turns out to be (using the BP calculator) will determine...
Shannon Vinson
New investors looking for a private lender, or advice in general
My friend and I are trying to get our real estate careers started, and we're finding it pretty difficult to afford the 20%-25% down payments for the properties in our area. We're interested in fix and flips to start o...
Bellman Tumasang
How would I start a private equity firm to syndicate apartments?
I want to start a private equity firm e.g. Blue Estate LLC and raise funds such as Blue Estate Equity Fund I LLC etc. Do I set up Blue Estate LLC then start first syndication single apartment building such as 10 units...
Kynell Martin
How would a private or hard money loan look on paper
I have found a lender. But I am trying to do my due diligence on them. They asked me to fill out a application. I got an approval letter in my email with terms. They requested copy of my Id also. How does this sound ...