Why Use Private Money
Why Use Private Money?
Private money is the best way to take down a bank owned property because it is quick and both sides agree to waive inspections and liabilities. The bank will always take a cash offer with a quick close over a financed deal every time. Why? The banks want to get rid of the property. Furthermore, they want to close the deal so the buyer will not change their mind at the last minute. Hence, the use of private money.