Who do I know who lends private money?

There are several potential sources of private money lending, including:

  1. Family and friends: They may be willing to lend you money at a lower interest rate than a traditional lender.
  2. High net worth individuals: These are individuals who have a significant amount of money and are looking for investment opportunities.
  3. Peer-to-peer lending platforms: These platforms connect borrowers with individual investors who are willing to lend money.
  4. Private money lenders: These are individuals or firms that specialize in providing loans for real estate investments, often at higher interest rates than traditional lenders.
  5. Hard money lenders: These are private individuals or companies that lend money for real estate transactions, typically for short-term projects such as fix-and-flip properties.
  6. Retirement funds: Some self-directed IRA’s allow to use the funds to invest in real estate, that could be a potential source of private money lending as well.

It’s important to keep in mind that private money lending carries more risk than traditional lending, so it’s important to do your due diligence and fully understand the terms of the loan before entering into an agreement.

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