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Updated over 2 years ago,
Logistics of using private money as part of the cash to close
Next week I have a tentative closing date on my first flip! I have a hard money lender and I’m using private funds from family as the cash to close. How do I actually move that money around? Should I have my private lender transfer money directly into my own account? Should the money go from the private lender directly to the closing agent? I do know that the hard money lender will not be sourcing the funds. Thanks everyone.