8d ago in General discussion
Some call it Private Lending, some call it Hard Money lending.
For our purposes, our discussion will be mostly about "private lending". This is money that is loaned from an individual or family. The funds could come from their personal savings, their various RRSP, LIRA, 401K, Tax Free Savings Account, their corporation or LLC or from their family trust.
We will use the term "Hard Money" lending for groups, funds or larger corporations that lend out their funds as their primary line of business.
Where do you like to lend your money from? Personally, I lend from my corp, my registered accounts and my own personal money.
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Some call it Private Lending, some call it Hard Money lending.
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