What is private money lending?

Before you begin making loans, it’s important to understand what private money lending is all about. Generally speaking, private money lenders are people with large amounts of surplus cash or high incomes, such as retirees looking to make passive income. They can also be individuals who own estates or have a successful start-up. These individuals often lend to friends and family, so it’s essential that you know what to look for in a borrower before you make your first loan.

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