I’m interested in finding advice, topics, articles, videos, etc on the topic of private money. I understand the basic concept, and how to raise it, but want to get detailed information on some of the options of structuring the agreement. How to determine the length of the agreement, the interest rate, payment amount & frequency, how to “insure” the private loan (with a promissory note or other options). I'm interested in the different approaches of buy & hold, and fix & flip, but mainly the buy & hold route.  I thought I had found an article on BP at one time, but cannot locate it now. I appreciate any advice and help directing me!

Looking for the same information, so I'm giving this a bump.

Me too, input appreciated :)

@Greg Neuman , A few years back I wrote and published a book titled "Real Estate Investors Guide to Private Mortgage Financing".  If you or anyone else wants a copy, just email or message me and I will sent you a complimentary digital copy.

I’m interested in setting this up as well and just sent @Don Konipol a message.  Big Thanks for sharing your document!

@Greg Neuman @Katherine S. @Severin Sadjina @Mike German

There's lots of options under the sun for private financing structures. Direct lending, partnerships, preferred equity, Seller financing, private lines of credit, etc. There are a lot of great resources out there that focus on "how to raise private money," but there aren't that many guides on how to structure the straightforward Promissory Note and Trust Deed. This is not a promotional plug at all, but we put of lot of that information down in a book called The Savvy Seller that could be really beneficial to you. There is simply too much info to send along in a forum thread.

@Neal Collins

I appreciate the reply and pointing me to a source I can read.  Can you tell me if it is only available as an E Book, or are there hard copies available?  I'm planning on checking it out soon!

Good call @Neal Collins and you are correct.  I’ve found the money and looking for the simple approaches to set up the deal for a “debt” partner in 3 off-market duplexes in the Columbus, OH area I’m pursuing.  A sent a note to my attorney this AM about some basic structure and set up as well.  I’m curious on what the average rates people offer (assuming 5- 7%); what average duration is for a buy/hold rental loan that doesn’t need much work (just steep down payment).

I’ll check out that book- thanks!

@Mike German With private debt it really depends. We've sourced funds from family and friends between 4-6%. Professionals and more savvy investors and lenders between 6-12%, and hard money 12%+. It all depends on the deal and the timeframe, though, because even 8% interest on a buy and hold in a hot market could be prohibitively expensive.

Originally posted by @Greg Neuman :

I’m interested in finding advice, topics, articles, videos, etc on the topic of private money. I understand the basic concept, and how to raise it, but want to get detailed information on some of the options of structuring the agreement. How to determine the length of the agreement, the interest rate, payment amount & frequency, how to “insure” the private loan (with a promissory note or other options). I'm interested in the different approaches of buy & hold, and fix & flip, but mainly the buy & hold route.  I thought I had found an article on BP at one time, but cannot locate it now. I appreciate any advice and help directing me!

 Hi Greg.  PM me.  

@Don Konipol

Hi Don,

Can you please forward a digital copy of your book as well. I am new here.

oracfan at gmail.com

Thank you!