interesting points to consider. I will share them with my colleague's. Here is to your efforts as we reach closer to the end of the year.
Harry , interesting post.
18 % sounds wonderful , too good to be true ( maybe ) recourse or no recourse ? .
Cheers
Nor Yeretsian
Private money and distressed properties are a great combination to make money when done right.
Harry-
We use private mortgage money for most of our transactions now. Of course, the rates we pay are slightly lower in the 12% to 15% range most of the time. We also (50/50) use funds that are in people's SDIRA. Greater combination: Distressed property, Private Mortgages, IRA Funding!!
Harry....when I use to invest in property, I always used someone elses money....I would buy it with no money down and refinance to pay off the second mortgage that was used as my down payment....when I refinanced I pulled out money to make improvements.
I have not been involved in too many private money transactions, but those reasons sure do make sense to me.