All Forum Posts by: Shane Wilson

I like to use commercial loans with private lenders. Generally your local bank will require 20% down. Its easy to find a private lender for the 20% down since its usually not a hige amount. There are plenty of people with $10,000 to $30,000 to invest. You just need to ask around.

Example: I bought a home for $39,000 a month ago. I borrowed $7800 from a private lender. I pay 10% interest monthly with a 6 month term.

I'm an investor in Northwest Georgia. We buy 1-2 properties a month. We retail about half and owner finance the other half of the properties we get. Nice to meet everyone.

Thanks,

Shane