What you need to know about PRIVATE MONEY

Today’s word is private money.

A private money loan is a little bit different from a hard money loan because it’s usually from one individual to another individual.

Make sure you vet this person, you know, this person, you know what you’re getting into before you accept money because you got to know what the process is doing.

I’ve heard of people doing a private money loan and they didn’t realize that there’s a little clause that says, they take over the property after a month.

Make sure you read your contracts. Always always always read contracts when you’re dealing with any kind of real estate investing.

Make sure you go to DFWTOP.com/words if you want to download 22 Real Estate Investing Terms you need to know. It’ll help you as a new real estate investor sound like a pro.