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Thanks for requesting our “Top 10 Questions To Ask Before Considering Private Lending” report.
This report is meant to be a quick read and a service to our website visitors to help educate you on common questions that you should consider thinking about and asking before you jump into the world of private lending. Whether you work with someone you already know and trust or a real estate investing firm you barely know… you should ask the right questions to make sure your interests are protected.
Private money lenders exist throughout the country looking for a chance to earn above average rates of return on their money. Along with that comes the risk that a private money loan may not be re-paid on time or at all without legal action. However, in the case of a real estate transaction the lender can request the deed for the property in their name and insurance on the property the same as a bank lending money would require as collateral to help insure they be repaid in of a default case of default on the loan or catastrophe to the property. In that case the lender gets the property and can sell it to recoup their investment. Private money is offered to individuals and/or companies in cases in which the banks have found the risk to be too high.
If after reading this private lending report you feel that you want to learn even more… find a reputable real estate investment firm in your area that you can talk to or you can also contact us and we’ll direct you toward more information to help you get your questions answered.
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*NOTE: This is not and should not be seen or taken as legal advice. We are not attorneys or CPAs. This is for informational purposes only and you should ask your own tax and legal professional advisers advice for your specific situation and goals.