24 September 2021 | 6 replies
Basically, here is where I am getting messed up:Scenario 1: All renovation work hired outPurchase: $50,000Renovations: $50,000Total Investment: $100,000Liability: $100,000 (private credit line)Equity: $0If the property cash flows $2000 and I pay down $2000 in principal after the first year, I have $4,000 in equity on my balance sheet after year 1.
24 September 2021 | 4 replies
The proposed legislation eliminates the ability of suitable investors to participate in private capital-raising transactions through their IRAs, a source of funding on which many of these small businesses rely.
23 October 2021 | 10 replies
I am clearly concerned with inadvertently committing any type of mortgage fraud, but also don't want an empty unit that can be generating cash flow for me when I am away.2: Would it be wiser to get a few fix and flips under my belt via HML/Private Lenders to build liquid funds and then use that to start investing in multi-family rentals via Brrrr3: Lastly, do many of you use HML for your initial purchase of a Brrrr property?
29 September 2021 | 30 replies
VPNStop using social mediaUse a private, secure email provider (not gmail).Fight any form of Internet ID.
28 September 2021 | 3 replies
We are looking to refi about 1.5M out of private debt and would like to find some lending options that have 30 year options.
24 September 2021 | 0 replies
We are in the process of purchasing a one bedroom co-op with a private beach property in new Rochelle ny.
28 September 2021 | 6 replies
Hope that helps and if any of this strikes a cord with you shoot me a private message and I can give you a few free things to check out.Chris Pre
24 September 2021 | 0 replies
200k from a private lender @ 10 % interest rate,1.5 origination fee, 200k+ from personal savings. 5 yrs balloon payment with the option to refi at anytime and no pre-payment penalty.
24 September 2021 | 7 replies
I just downloaded a private note template, changed the terms to what we agreed and moved forward.
27 September 2021 | 3 replies
If a private lender is giving a loan for a home you want to purchase can they put a lien on that property?