Private Money Loans aka Hard Money Loans or Bridge Loans are funded by private individuals, so the terms vary based on the situation.
Whether it’s called a short-term loan, investor loan, or alternative loan, if you can show consistent income through your bank account for at least 12-months, you may qualify for a Bank Statement Loan instead of a hard money loan
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By: Smart Investing with Dan Sherbondy Title: Private (Hard) Money Loans to Buy Real Estate Sourced From: www.youtube.com/watch?v=mYq35ViR4WM
