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It just drives home the point that how much I make isn’t all that important anymore, it’s more about what I do with the amount that I make. Click on the blue directory button on the top right of the website to access the #1 resource list of private money lenders in New York. If this person is unavailable, call the insurance company directly. Given the relatively low profile of most private lenders, Mr.

While banks are traditional sources of financing for real estate, and other purposes, private money is offered by individuals or organizations and may have non traditional qualifying guidelines. Check out this article for help on understanding risk reward & position sizing in forex trading.

However, in the case of a real estate transaction the lender can ask for a deed on the property in their name & Insurance on the property the same as a bank lending money would require as collateral to help insure they be repaid in the event of a default on the loan or catastrophe to the property. Further, if the loan is made to a consumer, the private money lender may have a limit on how many loans they may make in a particular state without being required to have a banking license.

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