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Updated about 6 years ago on . Most recent reply

Brian Spring's profile image
Brian Spring's profile image
Brian Spring
  • Investor
  • from Kirkland, WA
  • Member since Oct 12, 2018

User Stats

15
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11
Votes
Brian Spring's profile image
Brian Spring's profile image
Brian Spring
  • Investor
  • from Kirkland, WA
  • Member since Oct 12, 2018
Brian Spring
  • Investor
  • Kirkland, WA
11
Votes |
15
Posts
Private Lending & Conventional Mortgage Advice

Private money lending

Brian Spring
  • Investor
  • Kirkland, WA
Posted

Hi BPs friends and fellow investors. I’m considering making small private money loans. $50k-75k, 6 month loans. I personally just closed on my first flip and got a hard money loan for 2 points @ 12% 3-5 month term. What recommendations do you all have for me to make a private money loan? Should I charge points and what is the going interest rate? Appreciate your feedback!

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