Hard money + Private Money: best strategies to leverage both?
Hey BP community!
I’m an active flipper in Dallas while living in Souther CA and now looking to use similar strategies to grow the buy and hold portfolio.
I use partner money to fund all my flips, and to date, it’s all been private money not hard money.
I wanted to know from you folks as to how you appeal to hard money lenders, what rates are common/reasonable, and then how you bring in private money.
How do you structure this (repayment, equity, duration, etc)? What do you foresee if the intent is to BRRRR in today's economy/market?
Would love to hear your thoughts - actively looking to raise funds to grow the buy and hold portfolio very aggressively.
Thank you!