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Updated over 6 years ago on . Most recent reply

User Stats

30
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9
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Jonathan Brown
  • Prattville, AL
9
Votes |
30
Posts

How to utilize small amounts of capital from private lenders?

Jonathan Brown
  • Prattville, AL
Posted

Hey BP community

I am in the process of raising private money, I have been somewhat successful raising 20k between two lenders. The issue I run across is I have people able to lend 10-15K and not the amount that would cover the whole cost of the property. In my area to purchase a property it would require around 30 to 40K. I have used some lenders money to pay for the down payment for two of my properties. I currently have someone looking to invest 15k with me. Does anybody have any advice to best utilize private money when it may not cover the entire cost of the property?

thanks

Jonathan

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