| Title | : | Private Money Lenders: How To Borrow Money For House Flipping |
| Lasting | : | 8.05 |
| Date of publication | : | |
| Views | : | 3,5 rb |
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⚠️ Due To High Demand I Will Be Releasing “The Flip Your First House Course” Stay Subscribe For New Updates Comment from : Darius Welch - Personal Finance |
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Trying to learn how to be a private money lender Hard to find the pertinent questions andwered like "what if any licensing needed" Comment from : Me KroBar |
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How much did you sell the flip for ? I don’t think you mentioned it Comment from : Flat Earth |
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Yo how i found money lenders cuz i have too apps ewenbrite and meetup but there is nothing abaut money lenders just jogga training Comment from : rasores |
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I am an agent in Atlanta considering doing this, but based on the information in this video, I can tell that I would have to hit the ground running So please tell me if I am in the ballpark in my understanding on this issue brbrIf I found a flip that cost $200k to purchase and renovate, and if I found a hard money lender to do it for 15 per year, that would mean $30k for the year or $2,500 per month It is also my understanding that hard money lenders often want two points up front, so my first payment would actually be $4,000 with the rest prorated for the remainder of the year -- $2,600 / 12 If my numbers are anywhere near correct, that is a lot of incentive to get this flip done and sold as quickly as possible Comment from : Tes7000 |
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Hi I have questions Do you have to find the house first? Which is the money come out your pocket Comment from : Alene Dickson |
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You really have a good informative channel thank you!brOne thing surprise me you don’t have that much subscribers sounds like some thing is missing and don’t know whybryou have to do something about it because it’s really hard to find direct informative Youtubers under less than 10 minutes videos keep up the good work brother ! Comment from : Moz E |
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When you say 12 interest does that mean after the 6 months were over, you had to pay 12 of what ever that loan was? So it you took an 80k loan would you end up paying $89600? Comment from : Tim H |
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Awesome info!! What if you're wanting to flip your own home to sell for profit? Do you think lenders are discouraged any by that? I'm a licensed realtor as well Comment from : Jessie Baldwin |
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How to get the property under my name with no money to put down? Comment from : kierstynn mashburn |
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You need their money first to get the house in some cases to get the deal, so how do you pitch them Comment from : symphony winborne |
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