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Updated almost 7 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Arthur L. Timmins Jr.
  • Wichita, KS
3
Votes |
11
Posts

Private Lenders

Arthur L. Timmins Jr.
  • Wichita, KS
Posted

Hello BP, I have a question about private lenders. My Question about private lenders is, are they just regular people that you know that will lend you money to buy investment properties, or are they people that specialize in that, that I can seek out to help with financing without using a bank for higher interest rates of course, or are they the same as hard money lenders, or all of the above? If they are people that specialize in just that, how do I go about finding these people as well? 

Most Popular Reply

Account Closed
  • Miami, FL
26
Votes |
161
Posts
Account Closed
  • Miami, FL
Replied

@Brian Eastman hard money name is based on lending on a hard asset not due to points or interest. 

I would agree with  @Ned Carey explanation of difference between hard money lender and private money. 

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