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Updated about 8 years ago on . Most recent reply

User Stats

252
Posts
92
Votes
Adam Drummond
  • Investor
  • Greenville, SC
92
Votes |
252
Posts

alternative types of financing

Adam Drummond
  • Investor
  • Greenville, SC
Posted

hey guys.  i was just reading over some forums on here, and ran across a few flippers that say they use private money.  i have been nervous about ever doing that.  up to this point, i have used conventional financing through a bank, and /or my own savings.  i'm open to hear the pro's and con's of doing other financing options.  i understand that private money doesn't take 30 days to access as conventional financing.  i researched private lending rates and fees a while ago, and it scared me away.  in saying that... i feel im really limiting myself, because i'm only relying on my own money.  thoughts?  thanks in advance for your help.

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