Private Investors

2 Replies

I'm a new investor and hoping the pros on this platform would share with the newer folks the best way to pick a lender for flip properties & what's the fair rate, points & terms to picking a lender to go with? Yes, I could borrow money from family and acquaintance but would prefer not to. Your thoughts and suggestions are really appreciated.

@Alexandra Alex

Welcome to the site.

The amount of interest and points you pay is going to vary. Not just by lender but by your experience level.

In the beginning money is going to cost more than down the road with an established track record.

When shopping lenders vet them just like they will vet you. Don't want to get yourself caught up in a company profiting off of fees and then not actually funding deals.

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