First time using private money(Aloha Capital)

[Nick Hosmer]

Hello, 

 I currently own 4 rental properties but this is my first real brrrr and using a private money lender Aloha Capital. Using the fix and rent loans and 100 percent renovations how much does such a loan costs? How do closing costs on a private money loan compare to a traditional conventional bank for a brrr? Do I have to pay closing costs again when I do the cashout refinance? Thankyou for all of your help! 

[Justin Hammerle]

Generally speaking your upfront closing costs will be higher because you will be charged points by the lender; if its a construction to perm no you only have to pay closing costs once, this is the benefit of using that type of loan.