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Updated almost 6 years ago on . Most recent reply

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52
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8
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Jonathan Toruno
  • Rental Property Investor
  • NC
8
Votes |
52
Posts

What kind of terms do I use to convince private lenders?

Jonathan Toruno
  • Rental Property Investor
  • NC
Posted

Was wondering how do I convince anybody to fund my deal as far as what kind of repayment terms do I write in? I have a potential deal here in NC

Most Popular Reply

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198
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163
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Michael Albaum
  • Rental Property Investor
  • Petaluma, CA
163
Votes |
198
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Michael Albaum
  • Rental Property Investor
  • Petaluma, CA
Replied

What kind of terms would you want as a lender? I would look to WOW them and overwhelm them with value. If you can get on their good side, they will likely work with you again, and I doubt that 1 deal will make or break your entire investing career. Put yourself in their shoes. Best of luck!

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