I know of several who use this.  Usually a higher interest rate, but no appraisal and no issues with draw requests. During the recession, these were the people who kept new construction going in our town (and made a bundle of money doing it!).

Hard money is expensive...Plus they require security for the loan

Many of my early investments were financed with private financing.

I have not.

Yes. These transactions are often land deals that can be difficult to finance.

cash, quick closing.

I have not but know of people who have

I hve not.

I have not. 

I have not.  Advantage may be that it is an unconventional property.  Disadvantage is that interest ratee may be higher.

No.

The term private investor is a bit too broad to answer this question.

Private investor looks at the property - "Do I want to own this after the buyer defaults and messes it up?" With large down payment and high interest rate they close fast in 5 days.

Bank takes 45 -60 days and is picky

I have not.  I'd be very careful in selecting a partner in a business transaction.  Everything should be in writing between you and your partner and I would suggest having an attorney.

Usually a hard money situation with a big downpayment and high rata

Sorry ... I have not.

I have not Daniel Lloyd .

I have and the rate is always higher but if the buyer has no other options and is determined to buy, it is a way to get the job done.

I work with hard money all the time. It is quick, it costs more but opens opportunity. It is for short term, most often buy, fix and sell. It should never be used on something you will keep and especially if you will live there, 

no, I haven't

No.

If they are willing to pay higher %, it makes no difference to me. Private or hard money investor money is the same as cash= quick closing, usually no contingencies. 

Sure, many times. Hard money lenders.

No, never. Most buyers, Daniel, in our are cash buyers.

The pro - typically no appraisal is necessary.

The con - the interest rates are quite high.

I've never used private financing ..... I have builders who have large lines of credit to tap into through a private investor....

You have wonderful answers. A

 More than once.

  Advantages to the investor who loans the money:  a higher return on their money, secured by real estate.

  Advantages to borrower:  No "underwriting" to go through, no points or fees.

  Disadvantage to borrower:  Higher down payment, higher interest rate (a couple of points over market).

Not recently. Mostly cash buyers or conventional financing. 

never have unless you are talking about my cash buyers that do fix and flip.

I have not, but have listings where the investor used a hard money lender.  Very expensive.

i tried several times but they were just to expensive,.

No.