I own rentals that are very profitable , i am looking to expand. and get private investors involved to help me purchase more properties? offering them high in my opinion 9-10% interest on the mortgage, but I am not sure where to look for them ? any ideas?
people with about 40-80 k available to invest?
I tried to look for some investors meetings but those were mostly people flipping, I need more of a long term 5-7 year loans , being paid on the monthly basis.
most hard money lenders are looking for shorter term.
let me know if you have any places that might be good to look .
If you own rental properties and they are profitable why are you looking to pay 10% interest? Why can't you just speak with a commercial lender? Can you give an example of a deal you would be looking to do? How much would your equity be? Total purchase price? How much property does $40K-$80K buy where you are investing?
that's hard money to come by form private investors.. most private investors want short term deals.
You should purchase the pro upgrade on BP then put your request over there and spell out exactly what you want in very fine detail if you want to get responses.
Jay Hinrichs, TurnKey-Reviews.com | Podcast Guest on Show #222
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