Your Private Money Experiences

[Mario Arguello]

There are many creative ways someone can go about financing their real estate deals. One particular method I'm interested in is hard money or privately financed deals.

I know that getting hard money from a lender is not everyone's "go to" in real estate, but I'd like to hear from some investors who have used hard money lenders in the past or in recent times.

What were your experiences? What made your particular deal a win win for all parties involved? What kind of hard money loan was it: rehab, commercial, investment property, multi family, development... and what kind of source: family/friends, institutional lender, private company/individual...? What was the result for you in the end? And finally, what advice would you give someone who is looking to go down this avenue for the first time?

Thank you in advance for any response.I hope to get some great feed back.