junior year

When I was a bit younger, in my mid teens, I went through a period of time when I really wanted to get into real estate development.  I read all about how to flip houses for cash, how to buy and hold apartment buildings, how to cash in on investment opportunities or handyman specials.  Though it seems ridiculous, I knew what a hard money lender was at approximately age 16.  As I got older, I became less interested in real estate and more interested in my academics and technology, but I figure a little education in areas outside your field can’t hurt, right?  In any case, if I ever need any real estate private money loans, I’ll know the type people to find them from, because I looked at becoming involved in this business years ago.  The real estate investment industry is an interesting one because lots of people have been joining it in the past few years to invest savings into tangible properties that they can then rent or sell for a quick profit.  Not all of the people involved in the industry are well off enough to be capable of receiving bank financing, so what tends to happen is some investors loan money at high rates of interest to other investors, hence the term real estate private money.  This can be really helpful for, say, a single mother who knows she can make a quick 30% return on investment, even if she gets a loan at 15% interest.