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Updated almost 6 years ago on . Most recent reply

Adam Edwards's profile image
Adam Edwards's profile image
Adam Edwards
  • Financial Advisor
  • from Saline, Mi
  • Member since Mar 12, 2019
Connect

User Stats

17
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13
Votes
Adam Edwards's profile image
Adam Edwards's profile image
Adam Edwards
  • Financial Advisor
  • from Saline, Mi
  • Member since Mar 12, 2019
Connect
Adam Edwards
  • Financial Advisor
  • Saline, Mi
13
Votes |
17
Posts
Private Lending & Conventional Mortgage Advice

Private money vs. Mortgage for BRRRR

Adam Edwards
  • Financial Advisor
  • Saline, Mi
Posted

I'm in the process of my first deal.. weighing the purchase options. I'm putting up 50k and need another 60k.. looking at private money and paying interest, and getting a mortgage. When looking at either as possibilities, does anyone compare what you'd pay in interest  (private money), compared to closing costs ( mortgage) and decide based on that? 

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