I'm looking for a good PML for investing in the Atlanta area. What companies have you had good experiences with?
Charles, I am going to assume you want to borrow funds rather than lend funds, so if my assumption is incorrect, never mind the following!
As I understand it, "Private Money Lenders" are by definition not companies - at least not in the strict sense of the word. Private Lenders are typically individuals/friends/relatives or Investors wanting to invest passively in real estate, whether from their investment portfolio or SDIRA. If you are looking for Hard Money Lenders ("HMLs") in the metro Atlanta area, I would start with reviewing the following in BP's Resource tab: http://www.biggerpockets.com/hardmoneylenders/geor...
After reviewing these, PM me and I'll relay my experience with those I've dealt, and perhaps steer you away from those I've researched that aren't quite up to the standards of their competitors - i.e. those charging upfront fees, exorbitant points, excessive or conventional-mortgage like underwriting and documentation, etc.
If indeed you are looking to PLACE money, PM me as well and I'll send you a couple of suggestions of BP members that are active in that side of the biz.
I'm looking for a good PML for investing in the Atlanta area. What companies have you had good experiences with?
Charles, I am going to assume you want to borrow funds rather than lend funds, so if my assumption is incorrect, never mind the following!
As I understand it, "Private Money Lenders" are by definition not companies - at least not in the strict sense of the word. Private Lenders are typically individuals/friends/relatives or Investors wanting to invest passively in real estate, whether from their investment portfolio or SDIRA. If you are looking for Hard Money Lenders ("HMLs") in the metro Atlanta area, I would start with reviewing the following in BP's Resource tab: http://www.biggerpockets.com/hardmoneylenders/geor...
After reviewing these, PM me and I'll relay my experience with those I've dealt, and perhaps steer you away from those I've researched that aren't quite up to the standards of their competitors - i.e. those charging upfront fees, exorbitant points, excessive or conventional-mortgage like underwriting and documentation, etc.
If indeed you are looking to PLACE money, PM me as well and I'll send you a couple of suggestions of BP members that are active in that side of the biz.
Good luck!
Hey David,thanks for the info. Im looking to borrow. If I could find a way to start back today,I would have no cash reserves. I do have a rental with equity in it. I dont know if that could help me or not.