I was looking for investors & this ad had posted this info only. Real estate investor Wants Short Term 1st @ 12%. Since I am sooo new, I have no idea what this means? Anybody?? Thank you in advance. :biggrin
Looking for private money to fund a deal.
Giving private investors 1st mortgage at 12% interest.
Wow, quick response!!! Thank you!!
You will be breaking the law if you loan them nmoney at 12 % unless you are a Broker or offering seller finanacing…
California Usury Limit is 10%
Also, “short term” means he doesn’t need the money for very long.