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Private Money Lenders 101: What They Are & How To Find Them?
Private money lenders play a crucial role in the modern real estate industry. But, who are they? How do you find private money lenders? How do you get a private money lender to give you a loan for purchasing a real estate investment property? These are some of the questions that this article answers!
What is a Private Money Lender?
A private money lender is an individual or entity that issues loans secured by a trust deed and note to fund a real estate deal or transaction. Generally, private money lenders are relationship-based lenders. These are non-institutional lenders that provide short-term loans for the purchase of investment properties. An investor can also get a rehab loan from a private money lender.
A real estate investment deal is incomplete without money. As a professional real estate investor, you should always be actively looking for ways to bring in private money lenders to fund real estate investments and tie up...
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Alex Martinez
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