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Updated almost 10 years ago,
Advice on terms for hard money lenders who are family
Maybe this question shouldn't be asked because they may be no difference in terms or options when dealing with family as hard money lenders, but just in case it is worth a shot:
When your private money-hard money lenders are family members, what terms do you offer them? Do you give them the same rate/return/terms that you would non-family investors?
I understand that professional level hard money lenders would most likely be more demanding and/or more discerning, but if all being the same, would you offer( or have you offered) different terms to family that you didn't or couldn't offer other hard money lenders?
Thanks in advance.
-Joe