What is Private Money? What does it have to do with Hard Money? Is private money a type of loan that is recieved from a private investor, using property as collateral? Or is private money just another word for name for “hard money”? I was looking for an exact definition as to what private money is, and the sites that I came across wanted me to sign up for a lesson on how to get private money. I also gathered that it is a way to invest in real estate without having any of your own money. Sounds interesting. Private money will be a subject of further exploration.
I just found a definition that said that hard money loans are loans that are privately placed instead of institutionally placed. I am still a bit confused about Private Money.
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December 1, 2006 at 3:16 pm |
[...] I am a little clearer on the definition about “private money” since I first started this blog. Private money is a still considered a type of hard money. However, a hard money loan that is made with “private money” is money that is loaned out to a person who would like to buy a piece of real estate as a hard money loan, but not made by a financial organization such as a mortgage company or a bank. There are people or groups of investors out there that look for situations to invest their funds in order to get a nice return on their investment. A private hard money lender, as with a hard money loan that is made from a financial organization, will also have conditions for repayment of the loan. [...]
April 6, 2007 at 7:58 pm |
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July 2, 2008 at 5:35 pm |
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August 2, 2008 at 1:09 am |
Private money is going to me needed more then ever. Right now Cash is king!
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Thanks, hope I was able to help in some way.
October 26, 2008 at 7:38 pm |
I did read Robert Kyiosaki books on real estate and got an idea of this field. Now is the right time to invest because markets are down.
November 27, 2008 at 5:09 pm |
[...] If you are a business owner, or perhaps a consumer, a hard money loan may be the only avenue for a short period of time, and it can work out well. If you reside in Florida – Miami, Orlando, Tampa, Sarasota, Fort Lauderdale, Daytona Beach, Cape Cora, or anywhere in between, AND the mainstream banks just won’t help you out, you can consider private hard money financing. [...]
January 6, 2009 at 1:55 am |
There is so much to learn about hard money or private money, residential hard money loans, commercial hard money loans, rehab hard money loans, REO properties or bank owned properties is comming strong into the industry. Well we are hard money experts and have national hard money seminars for example our next one is taking place on april 30th 2009 in Las Vegas. It’s a great opportunity to network with hard money lenders and meet real estate investors, to find out more information on the event or link exchange contact me at http://www.pitbullmortgageschool.com