Al Hinkle
Meaning of terms like 40/3 regarding a private money loan
A private money broker company uses a syntax like 40/3 as part of describing an investment loan opportunity. What does that mean? Amortized over 40 yrs and balloon due in 3?
James Palin
closing costs and payoff of interest in a private investor loan
Greetings from Dallas, TXI am about to start searching for a private investor to fund a property that I am about to have under contract. I got the verbal yesterday. Here are my concerns. If the investor is funding 10...
D Higgs
what are the main concerns for a private lender? (not hardmoney)
I have interviewed several hard money lenders, and as expected, none are willing to finance an entire deal (purchase + rehab). I am including the money costs in my calculations to fund a deal and remaining amount need...
Jeff Joachim
Would you rather be a private lender or own rentals/rehab?
I had an interesting conversation with a private lender the other day. She informed me that she hates owning property. She claims a file cabinet full of notes brings her more joy than a portfolio of investment propert...
Lauren Mattina
Can you build equity the same way through a private mortgage?
I'm debating whether to purchase my mother's home through a private mortgage as a way to start house hacking but want to make sure I am able to build equity in a way that will allow me to use it to purchase a second p...
Donny Widjaja
How can I protect my money as a private money lender?
A guy from my REI group is looking to borrow some money for a few months to cover mortgage cost for a property that he flipped. I am thinking about reaching out to him and help him out and also build my network at th...
Victor Crispin
Obtaining an FHA Loan backed with a Private Money Lender Work?
So far I've been a member of BP for about a good week. All this wisdom and wonderful knowledge that you guys are giving away is astonishing, and even from just reading some of the other members success story makes me ...
Nicholas Opara
Getting money from a private lender to purchase my first house
Is it advisable to loan money from a private lender for down payment for my first house?? thanks in anticipation of the several responses
Alberto C.
Can I release a rental Paypal invoice as a private citizen?
Hi, i am a salaried employee, and I just rent 2 rooms in my homesteaded house in Florida just to help paying the loan. One room is vacant right now, and I was contacted by a business man from a non-american famous com...
Adrienne Scott
Can I be a Private Lender in AZ without a license?
I wanted to know if someone can direct me to the actual Arizona policy and regulations on being a private investor. If I understand correctly , I can lend up to 4 times without a license. Please advise! Thanks!