Private Money for buy and hold

[Kyle Wenger]

How does one go about finding private money lenders? I'm having a problem with getting offers accepted on 40k-80k single family houses and competing against the full cash offers close in 10 days people where as I am not in the position to do that quite yet. My offers get thrown out immediately. I am looking at these deals as buy and holds and some would only need minor repairs and/or already currently being rented and cash flowing. How do I present a deal like this to someone with private money. Do they get their money back on a refinance or how would I pay them back?

[Levi T.]

It’s rather simple, if the deal is really worth more than your paying, and requires no improvements, then you just wait 12 months (season the property), and refi at at market value. If you can’t make that happen, then likely your thesis is wrong about its value.