Updated about 6 years ago on . Most recent reply
Financing Options for Private Money
I am interested in buy and hold real estate and am looking for deals, finding some eye catching opportunities in Miami. I am going to move there when I graduate this spring. I currently live in Pennsylvania and I am from Maryland where I have two potential private money lenders interested in an opportunity to invest.
However, they do not have straight cash for the deal. I was wondering what the best financing option to pitch to these investors would be. They are both fairly open and have good stable jobs.
Also, I am not sure if it is possible, but is there a technique where they could get a loan, one of them is pre-approved for $300,000, then lend that money to me to invest with?