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Updated 3 months ago on . Most recent reply

User Stats

125
Posts
53
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Ezekiel Trevino
  • Realtor
  • McAllen, TX
53
Votes |
125
Posts

Looking for a Private Money Lender for My First Longterm Rental

Ezekiel Trevino
  • Realtor
  • McAllen, TX
Posted

Hello everyone, 

I'm looking to connect with private money lenders. I'm ready to get into investing in my first rental property and looking for a private money lender. I have never went through a private money lender and would like to know your process before going any further. Feel free to send me a direct message to talk more. I have been looking at two duplexes that are new builds in Weslaco,TX. I'm looking to house hack one of them and rent out the rest or buy one duplex, live in one and rent out the other one.  I plan on holding long term. 

Looking for

Most Popular Reply

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1,774
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Ken M.#2 Buying & Selling Real Estate Contributor
  • Investor
  • Scottsdale, AZ Austin TX
1,010
Votes |
1,774
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Ken M.#2 Buying & Selling Real Estate Contributor
  • Investor
  • Scottsdale, AZ Austin TX
Replied
Quote from @Ezekiel Trevino:

Hello everyone, 

I'm looking to connect with private money lenders. I'm ready to get into investing in my first rental property and looking for a private money lender. I have never went through a private money lender and would like to know your process before going any further. Feel free to send me a direct message to talk more. I have been looking at two duplexes that are new builds in Weslaco,TX. I'm looking to house hack one of them and rent out the rest or buy one duplex, live in one and rent out the other one.  I plan on holding long term. 

Private money is 12% interest, which means you lose money every month you are in the loan, and is not intended to be longer than 6 months or maybe 12 months max anyway. Use private money for flips.

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