Private Money
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.
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
52 acrea(s) in northern alabama looking to relocate there to develop land asap
July 2, 2008 at 5:35 pm
Interested in doing a link exchange? I am a hard money broker and have a page on my site designated to links. Check it out and let me know…… http://www.capitalfreedom.net