Grouping Deals for Private Money Lending?
Good evening, guys. I'm trying to get in the head of private money lenders and work out some strategy that would be compatible with and even entice private lenders for deals I do in my area. We have a lot of homes that sell for under $50k but cash flow incredibly well without being in a war zone. But as most of you know, conventional and hard money lenders don't touch anything under 50k or 75k respectively.
As I am not a private money lender and don't know one personally, I'd like to ask if grouping several under $50k homes together makes sense for private money lender? Let's assume, also, that these homes are solid, have equity according to tax rolls, and local rental rates prove their RtV percentages.