Private Money (Not Hard Money)

[Patrick Aukes]

I am looking for Private Money (Not Hard Money) to fund a single family home opportunity.

$1.6 million purchase. I have multiple income producing properties and I am trying to find creative financing due to being self-employed, I do not want to give up the low interest rates on many of those.

What are the current rates for private money or creative financing solutions? I have one duplex I would be willing to sell to fund this.

[Chris Seveney]

Quote from @Patrick Aukes:

I am looking for Private Money (Not Hard Money) to fund a single family home opportunity.

$1.6 million purchase. I have multiple income producing properties and I am trying to find creative financing due to being self-employed, I do not want to give up the low interest rates on many of those.

What are the current rates for private money or creative financing solutions? I have one duplex I would be willing to sell to fund this.

Is this owner occupied? If not you can do a DSCR loan that would be based on the income. You would need 20-25% down but to make numbers work for DSCR may need 40% down to get proper DSCR ratio.