OfflineIs it possible to pool private lending monies and if so is it legal. If you do not have enough money from one private lender to purchase a property and you want to use another one to complete the transaction.
Secondly, since using a private lender gives you more control than a hard money lender (because they have the control, how can one attract private lending other than friends and family? Are there ways to attract or advertise to private lenders.
JButcher
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Hi JButcher.
Here's a good thread on the subject.
http://www.deangraziosi.com/node/3711
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
The answer is yes. As for attracting them.. advertise.
Thank you, that is what I needed to know. Much appreciated !
JButcher
Rina,
Much appreciated, I had looked for this topic but I guess I did not look thoroughly. Thank you for bringing me back to this subject as I found out what I needded to know about pooling from private investors. Sounds really complicated but I think it is safe to stick with one Private Lender at a time for legalities for now. I did not realize it becomes a regulation by the SEC at some point but I understand why now.
JButcher
I know it's REALLY hard to find things in here now, with SO many posts. But thank God for all the great information, right? I'm always looking for Something. lol
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
Rina,
You are so right............It can be time consuming. I had asked before if most recent posts could be top side as it is easier to access but I assumed it could not be done.
Anyway, I am sure the hosts of the website are doing what they can. It would be nice to make the website user friendly in locating topics right away and only showing most recently posted on the top rather than having to scroll two pages to get to the most recent message. It becomes a journey.
Thanks for all you do Rina!
JButcher