Private lending vs cash out refinance

[Vinh Nguyen]

Hi BP,

I just did a cash out refinance on my property that is supposedly worth $350k (waiting for appraisal inspection next week). I’m expected to get about $210k with 4.5% interest (no points) for investment purposes. I own 100% of the property.

My question to you guys is what are the pros and cons of private lending vs cash out refinance.

With the deal that I’m getting, how good is it when compared to private lending? TIA!