All Forum Posts by: Eric Finnegan

 Thanks for that link, Bill. It looks like it could be very helpful!

Thank you, everyone, for all the info. It is an actual true private lender (who truley knows RE as he invests on the commercial side personally) so I'm leaning towards a 10% on 6-12 months. 

I am going to search BP for docs that previously have been used, but if anyone has a resource for an already drawn up contract that I could plug and play, I'd appreciate that.

Thanks again - Eric

Hi All,

I am looking to put in an offer on a 4 unit property. I have a private money lender lined up but will need to speak with him about the deal. This will be my first time and I want to know what current terms/rate and so on are typical. 

Any help is appreciated!

 This is great! Does anyone have a similar breakdown for a Private Money lender and the terms, rates, periods? 

Hey, Joseph! Nice work on your property management company and soon to be, getting your RE License! I actually got my license over the summer and I am just signing on with a Group after taking my time to research and interview companies.

Hit me up - I found a group who mentors, offers trainings and invests themselves, which was very appealing to me as I could learn that area better!

I can also give you some ideas of how I went about finding the right group for me.