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Updated over 6 years ago on . Most recent reply
Private Lending Restrictions
What are some of the restrictions or regulations when lending private money?
Is there any penalty if you pay off the loan before term period?
Most Popular Reply
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Pamela Bunkley private money is totally up to the person you are getting the money from. So each and every private money lender could have totally different rules to their loans. The important thing, and the most difficult thing, is to find a private lender and ask them what the terms of their loans are. That is where I would start.