10 Reasons to Use Private Money instead of Hard Money

[Podcast #87] 10 Reasons to Use Private Money instead of Hard Money
Real Estate Cashflow Conference
http://bit.ly/jaymoneypodcast
Jay and Chaffee talk about the importance of Private Money.Jay talks about the different categories of Private Lenders.
1) The interest rate is a lot better for Private Money.
2) Origination fee or Points,
3) Extension Fees
4) Length of the note
5) Downpayment , Cash out and Equity vs Cash
6) Multiple checks on all transactions
7) No credit check
8) Verification of income
9) Number of simultaneous deals
10) Loan position
Bonus reason!
11) You make the rules
Private lenders can be anywhere.

[Podcast #87] 10 Reasons to Use Private Money instead of Hard Money

Real Estate Cashflow Conference

http://bit.ly/jaymoneypodcast

Jay and Chaffee talk about the importance of Private Money.Jay talks about the different categories of Private Lenders.

1) The interest rate is a lot better for Private Money.

2) Origination fee or Points,

3) Extension Fees

4) Length of the note

5) Downpayment , Cash out and Equity vs Cash

6) Multiple checks on all transactions

7) No credit check

8) Verification of income

9) Number of simultaneous deals

10) Loan position

Bonus reason!

11) You make the rules

Private lenders can be anywhere.

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