Private Lender shopping

I just found out my neighbor is a private lender! Cha-Ching! What do I look out for so I don’t get burnt.

With the word “gypsy” in your name, maybe he better look out for you! :biggrin

At least if he tries to pull a fast one…you know where he lives.

You need to see how many points, if any, he will charge and interest rate. Also, how long will he lend until he wants to be paid (4 months, 6 months, etc)