Hard money/private money
Ok. Not my fist rodeo on investing. Currently doing in flip in Anaheim California. Yes I saved like crazy and The investment is with personal money. I currently want to buy some long term rentals and my newby question is can some explain me how the process of private/hard money works?
For instance let say I need 100k loan.
I hear point, origination fee. Percentage? Do I need a corporation? Can it be lend to me as an individual? Never used any other type of money but my own so I am completely dissatisfied with my knowledge on the matter. Please help out.
Thanks