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Private lender vs traditional financing for BRRRR strategy?

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jacks38
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Been looking into financing options for my first BRRRR deal and I'm kinda stuck between going with a private lender or just sticking to traditional financing. Private lenders seem faster and less hassle, but the rates are pretty steep. Traditional banks have better terms, but man, they can drag their feet and paperwork is a headache. Curious what route others here usually take and why?

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