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Mortgage and Lending |
RAINER 2,087 |
Fred Gauthier | ||
location_on West Hartford, CT — Money Talks, LLC | ||
insert_link http://www.moneytalkslending.com | ||
web Fred Gauthier's (derf) Blog |
With private money instead of a conventional loan is often much easier, especially if you are a private investor, you have to work with over and over again. You can have a tremendous amount of time and effort if you do not have the mountain of documents and prepare for a conventional loan.
he main difference between a bank and a private investor, that the latter is much more flexibility than a bank. If you borrow money from a private investor money is their main concern, whether the loans they make a profit. While a bank will do full credit checks, and watch your background in detail, the private investor is to focus on the details of the transaction that you have compiled. Its focus will be what you’re plans for the implementation of the real estate deal and try to understand what happens in the real estate transaction with them.
The other big advantage with a private investor money is the time frame for securing the financing. While a bank may up to 30 or even 60 days for a loan by a private lender can often be financed very quickly done. If you share a deal for a property on Flip, with private funding provides a much faster completion of the project, so you can move on the next transaction. Sourcing Private investors money Finding money to support private investors with real estate deals, is one of the first things you need to have under control.
We are a private lender in located in Connecticut. We have a combined 12 years of experience in the lending field. We want to fund your loan!