Real estate deals involving private money lenders can be some of the most lucrative in the industry for both the borrower and the lender. While many of them resemble traditional bank-financed deals and are comparatively straightforward, others are slightly more complicated and require a host of qualities to deal with them. Any business person who wishes to work with a private money lender or avail themselves of a loan should keep the following five qualities in mind.
8 Reasons to Use Private Lenders for Real Estate Investments
Posted by Matt Meyer on Thu, Jul 19, 2012Private money lenders are a great option to have for investment properties. While traditional banks have come to look at money lending as an exercise in taking advantage of interest rate spreads, private money lenders look at investment properties the same way that borrowers do: in a word, as an investment. This means that the goals of private money lenders are perfectly aligned with yours as an investor. Here are eight more reasons to use private money lenders for your investment properties: