Posted by Doug Pretorius on September 08, 2003 at 09:04:52:
I didn’t mean that Merle is having a hard time getting private lenders. He’s replacing the 80 he had with bank financing mainly because it’s cheaper (4.25% compared to 7.5%) but also because of new laws (he didn’t elaborate on what the laws are and how they’re effecting his business.)
Interesting. I have found it just the opposite. I got a copy of his course Two years ago. I have been using private money for awhile now. (Longer than that). Personally I am taking a break from Lender financing. Sure money is cheap but I have been burned out…lol. Getting private money is even easier now than it has been in the past. Now I understand that the issue of having more than one lender on a mortgage thing but I have found more money in the last two years than ever.