Hard Money vs Private Money

🔑 RealRichTalks Explains PML vs. HML! 🏡💰
Ever wondered what Private Money Lenders (PML) and Hard Money Lenders (HML) are all about? 🤔 We've got you covered! In this video, we break down the basics, pros, and cons of each, helping you pick the best option for your property deals. Whether you're new to real estate investing or looking to expand your portfolio, understanding these financing options is crucial.
Discover the flexibility and personal touch of PMLs, with their fast processing and less strict criteria. But beware of higher interest rates and shorter terms. On the other hand, learn about the quick approvals and asset-based lending of HMLs, perfect for short-term investments but with their own set of challenges like higher fees and the risk of foreclosure.
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