Posted by GMann on June 03, 2006 at 09:09:18:
There are some investors that will buy hard money mortgages. This is only for established mortgage lenders, not individuals.
Private money is for personal gain (12-15% and 2-5 points) if you are small scale. You can also tap into your IRA to do mortgages. It’s called a self directed IRA. You just can’t combine your cash and the IRA dollars.