Updated over 4 years ago on . Most recent reply
Private loan in edmonton
Investment Info:
Single-family residence private money loan investment in Edmonton.
Cash invested: $56,000
We did another private loan, using the money from the refinance I did in may 2020. This one is on a $415k house in the Edmonton area. We are getting 16% intrest a year for a total of about 730$ a month positive cashflow. That's great. Deal is closing on march 1. And is a 2 year term.
What made you interested in investing in this type of deal?
Its our part of our goal this year to create positive cashflow, using what I already own
How did you find this deal and how did you negotiate it?
Mortgage broker
How did you finance this deal?
Refinanced money