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Updated almost 11 years ago on . Most recent reply

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155
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23
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Andre Key
  • Investor
  • Austin, TX
23
Votes |
155
Posts

Any Private Money Out There

Andre Key
  • Investor
  • Austin, TX
Posted

BP,

I know that many members have used private money and I want to fund a deal that I have in the works.  I only need like 30% of the value of my project.  From anyone's experience will a private lender risk lending such a small percentage.

Most Popular Reply

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311
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93
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Joe Butcher
  • Dallas, TX
93
Votes |
311
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Joe Butcher
  • Dallas, TX
Replied

Private money usually means borrowing from friends, family or a known individual.

It's not a bank or a hard money lender.

You can borrow as much as little they are willing to lend you, under whatever terms you agree on.

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