EP 10 - Private Lending and Hard Money Loans with a Self-Directed IRA or Solo 401(k)
Directed IRA Podcast
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What Are the Documents That Protect and Secure Your Investment?
The typical private money loan is going to be eight to 12 %, depending on your market. A lender's title insurance policy could be listed as the mortgage for hazard insurance. The banks are so dumb they won't look at the value of the property and loan on it. And if a real estate mesha that makes a hundred, couple hundred grand a year they might have to use the private lenders. Neeraj: Why do these people want to come to you and pay 8, ten or 12 % when they could go to the bank and get three?
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