How does private lending work?
I'm really thinking about using Private lending (or HM lending) for my real estate deals, so,
#1, Im asking if someone could explain to me the structure and purpose of Private lending? I don't get the gist of it and all I know is it funds your deals like a bank loan.
#2.What’s the best way to apply this PL strategy when funding deals?
#3. Could someone explain to me the different possible loan terms of private lending? Is it based on which lender it is?
I'm really interested in purchasing REO's and flipping them with PL, so basically I want to know how this type of lending works (Feel free to explain HM if you'd like). Any advice concerning this strategy?