Private Lending to purchase property
I recently was asked how to use private funding to buy a home so I thought I would put up some basic information about this form of lending. We haven’t seen much of this since the early ’80’s, but when money gets tight then people get creative. I am not a lender, but here are some suggestions for how this might work if you want to explore this type of lending.
First, let me assure you that I am not a lender, and I encourage you to get the advice of your own financial advisor and also an attorney before you go forward with anything like this. I am just providing an insight for you to start thinking about this if it interests you.