Hard money lender?

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Posted by Dennis on February 20, 2005 at 18:19:33:

Let's say I have relatives that have money. Let's also say I think I understand what hard money lenders are and how it works. Now if I talk to my family and convievce them of loaning me money with out points but a great interest rate for our times and it is sucured by a note on a property I buy with this borrowed money. Haven't I found a "hard money lender"?

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