This is a start of a series of articles that I will answer a question I receive all the time... “How Does Private Lending Work”.
What is Private Lending? Private lending involves individuals, rather than institutions, providing loans. It serves as an alternative to traditional bank financing, especially useful for real estate investors looking to buy, renovate, and refinance properties. Traditional banks often require lengthy applications and appraisals, and they prefer properties that are already in good condition. Why Use Private Lending?
Types of Financing:
Private lenders can be found within your network, including friends, family, and acquaintances. We'll dive deeper into finding and working with private lenders in future articles. For more detailed explanations and answers to your questions please see this video.
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