Can anyone explain me the difference between Private Lender and Hard Money Lender ?

I want to see if there is a local lender/banks that have a program where they would be willing to allow an investor to open and deposit $50,000 of their money into an escrow-like account, while giving investor a line...

If you don't have a 20% down payment, you need to qualify for Private Mortgage Insurance (PMI), which usually requires a credit score more in the 670 range. 

@katy @Katy ShearerSeller financing or sub 2, wraps lease option, lease purchase, are private transactions. 

You can either buy and hold a rental unit with a property manager, or you can become a private lender for another investor and make money in the form of interest.

For example there is passive investing in turnkey buy and holds, private lending, and other things.  

Most are running on private systems etc.You just need to make sure you are IN the growth and not on the outside looking in hoping eventually they come your way.

Anyone interested in finding out more about the meetup can contact me or Aaron, or join the closed (private) facebook group at https://www.facebook.com/groups/MetroDetroitRealEs...There's never a charge for the meetup beyond anything you order to eat or drink.I'd also recommend attending some local REIAs and getting to know your fellow investors. 

Please feel free to private message me.Thanks!

Eventually, any full-time investor is likely to get into the business of syndicating deals and raising private money.