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Private Money Lenders & Loans for Real Estate Investors. – Hard money lenders have tightened up on borrower and property requirements over the last few years. Many investors cannot get a hard money loan because of their credit score. But fortunately, most private lenders have fairly loose lending requirements in place, making it much easier to get private money.
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As Michigan home prices rise, more millennials buying with mom and dad’s money – "It’s hard. The money from the loan on the new house can then go to repay the debt on the parents’ home. Farmington Hills real estate agent Nathan Boji said he’s seen parents give money, lend money.