This is an article dedicated to those who want to become successful real estate investors. Whether you focus on fix and flip deals or cash flowing rental properties, you must have private money lenders to fund your acquisitions. In order to attract private money lenders you must be the type of investor who stops raising money but starts attracting it. The art of attracting money will reduce your need for a rehab loan or investment property mortgage.
Are a lot of you guys out there trying to find money, private money for your rehabs or your fix and flips, or even getting cash flowing rental properties under contract and purchase for your portfolio? Well let me ask you this. With the stock market the way it is right now, don’t you think that there is a great opportunity for us real estate investors to provide a really good investment opportunity for people who are already loaning money to real estate investors.
What is the number one problem real estate investors face? The lack of private money lenders in their business is the answer. Wether you are a real estate wholesaler, flipper or you buy and hold you must have private money lenders as a tool for your business.
I wanted to talk with you a little bit about your different financing options. In particular we’ve got three different types of financing. There is conventional financing, which are more of your investment property mortgage type companies. There are hard money loans, which are more traditionally collateral based, higher points. And then there is also the cash or the private money lenders avenue that you can explore to attract private money to your business for your real estate deals.
If you’re looking to grow your real estate investment business by holding real estate or fix and flipping deals, you have probably heard of an investment property mortgage. But the single most important thing in your business should be attracting private money lenders. Too many of the investors today start by looking for hard money loans, often referred to as investment property mortgages. I want to show you, in this article, a better source of financing.
The real estate market is a gold mine that might seem like its precious mineral veins are depleted, but if you know where to find private money lenders you’ll see that all you need to do to strike it “rich” is to know where to dig. If you want in on the biggest stake of your life, you’ll want to ask the right people.
I want to talk about the process and give you information about getting a rehab loan in this article. Hard Money Loans or Rehab Loans as they are referred to are a real estate investors main source of financing for rehab deals. A rehab loan terms and conditions are based more on the property itself and will cost the investor more to get the loan due to stricter terms. Conventional lending is a bit different from a rehab loan in the sense that a conventional lender looks at your credit but a rehab loan is based on the property itself.