What is Private Money? Real Estate Investing with Jay Conner
Jay talks about what Private Money is.
What is Private Money? An individual lends real estate investors money from their investment capital or retirement funds The private lender earns a lot more money than they would if the money was sitting in a bank account.
Average returns in the USA is 8%, which is a lot more than at a bank. The loan is safe and secure.
Private Money:
1) Warm Market
2) Existing Private Lenders
3) Warm market that you do not know yetHard Money versus Private MoneyA broker finds the money and charges 14% on average.
Private money is 7-8%. Hard money has extra fees. No fees for Private Money. What is Private Money?
An individual lends real estate investors money from their investment capital or retirement funds
Real Estate Investing Minus the Bank.
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