I would like to borrow money from private investors
to purchase fixer properties.
I think I’d have less hoops to jump through than if I borrowed hard money (points, prepay penalties and limited term).
My question is, how do you find private investors and how do you make a proposal, ie; how much interest do you offer on the use of their money, 5 year term ok, no points/interest only ok?
Has anyone here ever went this route?
If so how did you do it?
Any tips or advice would be appreciated.