A private money lender is a non-professional lender.

Otherwise, if every company is declining, you may qualify for the NJ Fair Plan, the state ran insurance program for high risk properties that cannot be insured in the private market (insurer of last resort).

For newer investors—what’s been the biggest challenge in getting private money?

Quote from @Nicole Claibourn: Investment Info:Single-family residence private money loan investment.

In my view, each private lender should find their niche to be able to survive.

Contractors: what’s your perspective on working with investors who use private or creative funding?

We’ve talked with a few operators in the Co-Investing Club who’ve partnered with private equity groups.

Line up funding before demo by securing a hard money term sheet and one private lender, build a simple scope focused on safety and rent/value drivers, and hire a vetted GC with milestone draws and lien waivers.

Private lenders love connecting in person.Leverage your online presence.

You really want a LOC with someone, not really a private lender.