Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: Quicker Home Sale on December 07, 2019, 07:30:31 pm

Title: Looking for a Private Money lender/ Equity Partner
Post by: Quicker Home Sale on December 07, 2019, 07:30:31 pm
What is the best way to find a private money lender/ equity partner we can trust and build a long term relationship with. Currently investing in Fix and Flips in Las Vegas. Please feel free to respond here or PM me


Lorenzo Harkins
Title: Re: Looking for a Private Money lender/ Equity Partner
Post by: REI GUY on December 20, 2019, 10:44:59 am
Nevada is a bit tough, as some larger fix & flip lenders do not loan in NV. Probably best to Google "Nevada Fix & Flip Lenders" to gain specific ones. Most of these lenders will want the borrower to have between 10-30% of their cash into the transaction, depending on experience, the  deal, etc. Also, the loan will be short-term, designed to buy, fix and sell (or refi into a long-term loan if holding the property for rental income).  Expect to be required to have a FICO of 600+.