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Jay talks about what Private Money is.
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What is Private Money?An individual lends real estate investors money from their investment capital or retirement fundsThe 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
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