All Forum Posts by: Keyona Taylor

Hey everyone! I am looking for a private money lender that can fund on a 6 unit property in the Bay county area for around $400K with great monthly cash flow. I have already been preapproved through various DSCR/Commercial lenders however they are all requiring 25%-30% for the down payment. I have the capital available for that size of a down payment but I really don't want to tie up that much cash into one property. I am wondering if there are any lenders on here that are able to fund the entirety of the loan with at least a 10%-20% down payment and/or a private money lender that can help fund the 25%-30% down payment with one of the lenders I have already been preapproved with. I also have another investment property located in Enterprise, Alabama that has about $150K of equity currently in it. However, after running some numbers on a cash out refinance, the current rates would nearly obliterate the $800/m I'm gaining in cash flow on that property as it currently has a 2.25% interest rate. Does anyone have any creative financing advice that we could get this deal done without needing as much upfront cash? Seller is absolutely not willing to do seller financing of any kind as she is sick and needs the cash now. Thank you to everyone who responds!

What are some effective strategies, for establishing transparent partnerships?

Ready to get my next move going with my partners but hits on our credit score keeps us from getting a personal loan. 

In your experience, how do you see private money lenders shaping the real estate market, especially for fix and flip projects?

For borrowers with low or mid-range credit scores, what are some strategies for securing hard money loans? Are there specific lenders you recommend for more flexible terms despite credit challenges?

Newbie here. I have a situation that need advises. 

I won the bid from the county auction. 

The house is $225K value. I need $65K to close the auction. My usual lendor has the health issue and can no longer fund it. 

I have two other rental properties that I can use for collecteral. I own them free and clear.

I have contacted traditional lendor for a loan but looks like they can't close in time. What is my option here?

Looking for a lender who offers interest rates of 12% or below.