All Forum Posts by: Stanley Yeldell

Yes, you can place a lien on a property for a personal loan if the property owner agrees. Here’s how you can do it:

✅ General Steps:

Draft a Promissory Note & Security Agreement

Clearly outline the loan terms (amount, interest, repayment terms).

Include a security clause that allows you to place a lien on the property.

Have the Borrower Sign a Deed of Trust or Mortgage

This legally secures your loan against their property.

This must be notarized and often prepared by a title company or real estate attorney.

Record the Lien with the County Clerk

Go to the county where the property is located.

File the Deed of Trust or Mortgage.

You are now officially a lienholder in public records.

🔒 Things to Know:

Yes, anyone can place a lien with the owner’s signed consent.

Use a real estate attorney or title company to ensure the docs are enforceable and properly filed.

This makes your loan secured, meaning if they sell, you get paid out of the proceeds.

Would you like a sample promissory note and lien document template?

Hey Rod — a few options to cover your down payment:

Private Money Lender (PML): Partner with someone who’ll fund the gap in exchange for interest or small equity.

HELOC or Personal Loan: Tap into equity from another property or strong personal credit.

Silent Equity Partner: Offer a % of cash flow or future refinance proceeds to someone funding your down payment.

Seller Financing: See if the seller will carry a second lien to help bridge the gap.

Hey Joshua — great question! I’m both a private lender and broker, and relationship-building is huge in this space. Opening a checking account at a local bank is a great first step, but here are a few ways to go deeper:

Meet in person – Schedule time with a loan officer and share your investing plans. Ask about their lending criteria and let them get to know you as a serious, organized investor.

Be transparent – Share past projects, current goals, and even challenges. Lenders appreciate honesty and consistency.

Bring a deal – Even if you’re not ready to fund yet, show them an example of the kind of property you’d pursue. It helps them understand your strategy and gives them a chance to advise you.

Stay in touch – Even when you’re not actively borrowing, check in. Share updates on your progress or market insights—they’ll remember your professionalism.

Let me know if you'd like intros to relationship-based lenders in the Orlando area. Happy to help!

Adam, holding a 3.5% rate in today’s environment is like gold—definitely worth exploring ways to monetize the financing rather than just sell.

Here are a few ideas:

Subject-to or wrap financing: Like you mentioned, sell while leaving the loan in place. You can even structure a wrap loan and collect a spread on interest.

Lease option: Rent to an end buyer with an option to purchase—keeps you in control and can generate higher cash flow.

Seller finance the equity: Keep the existing loan in place and carry back a second note for your equity—lets you create income from the note and helps the buyer avoid high down payments.

You’ve got leverage—now it’s about structuring a win-win for both sides.

John, congrats on getting that first rental done—especially with all you’re juggling! That’s huge.

You're sitting on some untapped equity with that condo. If it appraises at ~$210K and you’re into it for ~$178K, you might have around $30K+ in equity to work with. That could be your next move:

Look into a HELOC or cash-out refi to access that equity and fund your next deal.

Consider partnerships—many investors with capital are looking for reliable boots on the ground. Your skills and hustle are valuable.

Also explore seller financing or subject-to deals where little to no upfront capital is needed.

Lastly, auctions and tax deeds are great, but make sure you’ve got a strong due diligence process—hidden issues can eat up capital fast.

You’ve already proven you can execute—now it’s just about leveraging what you have to scale smart. Keep pushing!

Great question—this setup comes down to how you value the credit risk vs. the active labor.

Since your partner is only providing a personal guaranty (not cash), and you're handling the rehab + management, a 10–20% equity share for them is common and fair in similar deals.

You could also structure it so they receive a guarantor fee or a smaller equity kicker instead of permanent ownership if you'd prefer more control long-term.

Whatever you decide, just make sure the roles, responsibilities, and exit strategy are clearly spelled out in the operating agreement. That clarity is key.

Nice work getting through your first BRRRR! For creative down payment ideas, here are a few to consider:

Cross-collateralization: Use equity from your BRRRR to secure the new property without bringing cash.

Seller financing: Negotiate low or delayed down payment terms directly with the seller.

Private money: Short-term funding from an investor or PML, paid back once you refinance your BRRRR.

Business credit stacking: 0% interest cards structured properly can free up cash fast.

Congrats on the momentum—keep going!

You’re right—most grants are for owner-occupied homes, but there are still a few options you can explore in Indianapolis:

Indy’s Low-Income Housing Trust Fund – sometimes supports rental rehab, especially for affordable units.

Indiana Housing (IHCDA) Development Fund – offers low-interest loans for rental rehab.

Federal Home Loan Bank AHP – partners with banks to fund rehab for low/mod-income rentals.

Private lenders – consider hard money lenders like Bridgewell Capital or LendingOne for rehab financing.

Check with the city’s Department of Metropolitan Development for any current local programs. Good luck!

Hey Harrisen, great question and smart of you to explore a private finance option with family—especially with rates where they are.

Here’s a clean way to think about it:

✅ Buyout Amount: Since your parents own 60%, their share of the current equity (~$160k = $350k value - $190k debt) would be ~$96k. If they’re buying out the loan and becoming your lender, it makes sense to “refinance” into a private note with them for their equity + debt, so about $190k + $96k = $286k total.

✅ Structure: They pay off the current loan, and you sign a private mortgage/note with them for $286k at 4.75–5.25% amortized over 20–30 years, depending on what cash flow works. You can always do an interest-only period upfront too.

✅ Legal & Paperwork: Definitely use a real estate attorney or closing company to structure this cleanly. You’ll want a deed transfer (if applicable), a promissory note, and a recorded mortgage.

✅ Bonus Tip: Consider a clause that allows you to refi them out down the road if rates improve, so they get their principal back and you get better cash flow.

Hope that helps clarify it! Happy to talk through specifics if you want to DM.

Hey Yehuda—nice work getting this far!

I’ve bridged small gaps a few times. Easiest routes I’ve seen:

Second-position private money (short-term, interest-only, balloon at sale/refi)

Small equity partner just to cover the gap—they get a cut, you stay light on debt

Contractor payment deferrals (if you’ve got solid relationships)

Or a bridge/mezz loan if your project is close to completion and appraises well.

Main thing: keep it clean and documented. Happy to chat or connect you with a lender if you want.

Good luck wrapping it up!