Real Estate Agent · Canton, OH · Member since 2017 · 42 posts · 23 votes
I have found an off market deal and have been speaking with the owner about purchasing. We have agreed upon a price. The cashflow is ok, but it's in a market that I believe will appreciate more than usual in the next few years. I've spoken with a few people about funding the down payment.
If you were a private money lender, what would you suggest I do to attract you to my deal? I'm only asking for ~$15,000. So it's a relatively low risk deal. My plan would be to secure the deal, keep it rented and refinance it in the next year or two, and pay off the private loan.