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28
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Antonio Martinez
  • Flipper/Rehabber
  • Whittier, CA
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28
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Hard money/private money

Antonio Martinez
  • Flipper/Rehabber
  • Whittier, CA
Posted Jun 11 2019, 22:20

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

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