Private lending is when individuals lend their own capital to other investors or professionally managed real estate funds while securing said loan with a mortgage against real estate. But what does that mean to the borrower? What are the interest rates? And if you want to invest, what's the return on that investment? Find out the answer on this episode of What will it cost!

Sunshine, sand, warm temperatures…what exactly is it that's making people flock to Florida? Is it an expensive decision? Is it better to buy or rent? What are the tax implications? Find out the answers to these questions and more as Nick and Michael walk you through the things you need to know before you head south.