Keeping Private Money Organized, Utilized, and Paid On-Time
Good afternoon, folks. First time poster here trying to figure it all out before I jump into the pond. I have a few buy-and-hold prospects with good leasing margins, but I don't have the 15-20% down for a mortgage on them. I'm currently raising private funds, but am confused on how I would keep all of these loans organized. Do you treat all private money like a pool to reinvest, or does each one need to be kept up with independently? The best I can come up with is to treat them as a group according to the property they were originally raised for.
The answer maybe much more simple but I'm having a hard time visualizing creative lending.