It depends on your financial situation. If you have plenty of money to pay for the purchase and rehab with your own cash and if that cash is sitting under your mattress earning you nothing in the process, the answer is a resounding "Yes! Please put that money of yours to work." However, I sincerely hope you don't keep your cash under the mattress, and that your funds are already engaged somewhere else, be it in the stock market or other business opportunities. That means that even the most well-heeled investors might need access to additional capital. In other words, they choose to rely on private loans because their owns funds are already engaged somewhere else. Without access to that additional financing, even wealthy individuals would find themselves sitting on the sidelines missing investment opportunities. Read more here.