I think you, the original poster, may be confusing hard money lenders and private lenders. Private lenders, in our case, are ordinary people that have a specific amount of capital that want invest with us to flip houses. It has nothing to do with being licensed or having an in MLS number. These people wire the funds at closing and have no interest in doing work to the house. They also have no interest in lending money to several investors as they are typically lending to you only. Additionally they don't have fees or points or anything and are usually excited about a 7-9% return. Most private lenders, in the real sense of the term, are not advertising their money to rent out. U may want to pass on those kats ur dealing with... but keep us posted.
