Dallas-Fort Worth Real Estate Investor Club

Private Money Rates

  • 02 Jul 2013 9:23 AM
    Message # 1331475
    Deleted user
    Hello. I'm trying to get a feel about what the current private money lending rates are. If you could, please reply with the terms on what you are currently charged, orig points, percentage, due on sell, etc. If anyone also has some Private Money contracts they would like to share that would be great also.

    Rick
  • 03 Jul 2013 6:00 AM
    Reply # 1332317 on 1331475
    Robin Carriger (Administrator)
    You might pay from 2% to 18% for anything from 6 months to 30 years.  I can't go into detail right now, but, if you'll give me a call, I'll be happy to give you my thoughts.  Private money is a very big topic.  In my opinion, the most important factor is the relationships you must build and maintain with your lenders.  If you do it right, after building the aforementioned relationship, you'll ultimately offer them very profitable deals, you'll make sure they get paid "come hell or high water," you'll treat them like kings (and queens), and they'll love you for it.
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