Episode Details
Back to EpisodesThe Three Types of Financing: Conventional vs Hard Money vs Private Money
Description
On this episode of the Note Closers Show, Scott Carson discusses the difference between the three different types of financing options for investors when they purchase property or notes. Scott shares the difference between conventional bank financing, hard money loans, and private money lenders and when each is appropriate for your investment deal. Scott also discusses when and where you can or can't use each financing option and the costs associated with each one. He also shares why you need to know your money costs on the front end of doing your deal and how your monthly costs affect your profit margin in the short and long-term time lines of your deal.
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