#AskBP 090: What Interest Rate Should I Pay For Private Money?

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Private money can be a fantastic source of funding for real estate deals, but how much should an investor pay for this luxury? 5%? 10%? 15%? That’s the topic Brandon dives into on today’s episode of the #AskBP Podcast! If you ever plan to use private money, you don’t want to miss this episode!

Watch the Episode Below

Listen to the Episode Below

Links from the Show

About Author

Brandon Turner

Brandon Turner (G+ | Twitter) spends a lot of time on BiggerPockets.com. Like... seriously... a lot. Oh, and he is also an active real estate investor, entrepreneur, traveler, third-person speaker, husband, and author of "The Book on Investing in Real Estate with No (and Low) Money Down", and "The Book on Rental Property Investing" which you should probably read if you want to do more deals.

2 Comments

  1. Wilson Churchill

    Interesting. I just happen to be doing my first private money deal. I’m borrowing 15k to buy a rental. The terms are 10% interest only payments. I will probably refinance with a home equity loan after a year unless I can find a mortgage with low closing costs.

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