Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

65
Posts
4
Votes
Don Taylor
4
Votes |
65
Posts

Private Money Loans for Real Estate Deals

Don Taylor
Posted

Have you ever considered using private money loans for your real estate deals?

Most Popular Reply

User Stats

2,950
Posts
2,544
Votes
Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
2,544
Votes |
2,950
Posts
Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied

That is almost the only way that I fund my deals. My friend Carrie, Victor, Daryl, my sister, ex-brother in law and my father in law have all lent us money to buy and rehab properties. They did not ask us for one tax return, credit report or bank statement. They just said, how much do you need and then wired the money to the title company.

THAT is private money. They know me, they know what I do, and they know that I have been doing it for 20+ years.

I have used a few hard money lenders also when friends were tapped out.

Loading replies...