Updated over 5 years ago on . Most recent reply
Private money lending
I am a new investor and really interested in the BRRRR method and looking into PML.
What would be the average terms for a private lender to agree to funding? What are the average interest rates, documents needed, LTV %, loan terms, points, fees, etc.
I know there are different variables like experience, location, or the deal itself, but what would be considered a ‘fair’ agreement? Partially someone in my case who little to none experience.
Thank you for your help!