Most people dont realize it, but obtaining money for real estate deals has nothing to do with saving
Most people dont realize it, but obtaining money for real estate deals has nothing to do with saving money for a down payment, going to a bank, filling out an a lication, and waiting to be a roved.
In fact, if youre going about things this way, as I did for many years, youre wasting time and losing money.
For me, discovering how to use private lenders in my real estate busine has been truly life altering. The amount of money I make and the kind of work I do each day is incredible to me. And not only is it po ible, its really very simple. If I can do it, anyone can.
For seventeen years I languished in a full-time corporate position. I wa t ha y and I was barely making ends meet. I was thousands of dollars in debt and it was only getting worse. It wa t the life I wanted. I felt that my life was just ticking away. When I sat down and really faced things, I knew in the end I could actually retire poor.
Something had to be done.
Real estate investing came to me in the form of an infomercial at 2 a.m. on a Tuesday. The course piqued my interest, but the cost was $159. Money was so tight, I didnt have $159, but I did have a credit card and the company offered a 30-day money back guarantee. I held that credit card in my hand and co idered the future I wanted. Then I picked up the phone and ordered the course. It was the first step toward a brand new life and eventual wealth beyond what I could have imagined.
But that was only the begi ing. After a few years I took a second step that propelled my busine and my life to a whole new level. In 2001, when I quit my corporate job and took the plunge full-time into the world of real estate, I was immediately faced with a very big problem. It tur out that this problem was the best thing that could have ha ened to me. You see, without full-time employment, traditional lenders werent exactly eager to loan me funds. And without co istently available money to fuel my real estate tra actio , I had no busine at all. I tried everything:
Banks
Line of credit
Hard money lenders
Partners
Credit cards
If only I had known that all of these methods, even if they had been eager to give me a loan, were complete wastes of my time!
Finally, about five years ago I learned a le on Ill never forget. I came acro a foreclosure on a $150,000 property that was going for only $70,000. Id hit the jackpot! It was almost too good to be true. Of course I jumped at the chance to get in on this incredible deal. But I didnt have the available funds. Its every real estate dealers nightmare. I scrambled to the bank, to my partner. I tried to extend lines of credit. But all of this took time, and time is exactly what you dont have with a lucrative short sale like this.
As you can gue , I didnt get the sale. By the time I had secured funds, the property was sold to someone who had the cash ready and could close within days. In this one deal I lost a potential $60,000.
I swore then and there that this would never ha en to me again. And it never did, because then I discovered private lending.
A whole new world opened to me and my investing has never been the same. Private lenders literally provide you with your own private bank to fund your real estate deals. Imagine: limitle funds that are co tantly and immediately available. Today, I have more available capital than I do property in which to invest it. Its simply a store of money waiting for me to make use of it. And anyone can have this
thats whats so amazing. Its like a dream come true for any serious investor.
It sounds a little overwhelming, doe t it? Lets slow down. Ill explain the ecifics of private lending, and youll see for yourself how this incredible system works.
Who are private lenders?
First of all, private lenders are everyday people. Some are retired, some work, some have su tantial investment capital, and others have only a little. They may want to make the most of the savings theyve ent their lives building, or perha they suddenly came into money through an inheritance or property sale. Regardle of their background, all private lenders are looking for a safe, high-yield o ortunity for their funds. I give my lenders a guaranteed 10-15% return on their investment. Theres nothing like it anywhere. The incredible thing is that most people dont know about this o ortunity. They let their hard-earned money sit in CDs or IRAs. Some even risk the volatile stock market. The win-win reality of private lending is u aralleled. Really, you get immediate, limitle funds to invest in real estate o ortunities at a moments notice.
Your lenders get an incredible 15% simple interest on their money. They are secured by both a mortgage and hazard i urance on the home. There is safety in their investment because the total investment is never more than 70% of the a raised value of the property. If for some reason you would fail to repay the loan, they have the value of the property to reclaim their funds.
Not a bad deal for your lenders, or you.
In fact, if youre going about things this way, as I did for many years, youre wasting time and losing money.
For me, discovering how to use private lenders in my real estate busine has been truly life altering. The amount of money I make and the kind of work I do each day is incredible to me. And not only is it po ible, its really very simple. If I can do it, anyone can.
For seventeen years I languished in a full-time corporate position. I wa t ha y and I was barely making ends meet. I was thousands of dollars in debt and it was only getting worse. It wa t the life I wanted. I felt that my life was just ticking away. When I sat down and really faced things, I knew in the end I could actually retire poor.
Something had to be done.
Real estate investing came to me in the form of an infomercial at 2 a.m. on a Tuesday. The course piqued my interest, but the cost was $159. Money was so tight, I didnt have $159, but I did have a credit card and the company offered a 30-day money back guarantee. I held that credit card in my hand and co idered the future I wanted. Then I picked up the phone and ordered the course. It was the first step toward a brand new life and eventual wealth beyond what I could have imagined.
But that was only the begi ing. After a few years I took a second step that propelled my busine and my life to a whole new level. In 2001, when I quit my corporate job and took the plunge full-time into the world of real estate, I was immediately faced with a very big problem. It tur out that this problem was the best thing that could have ha ened to me. You see, without full-time employment, traditional lenders werent exactly eager to loan me funds. And without co istently available money to fuel my real estate tra actio , I had no busine at all. I tried everything:
Banks
Line of credit
Hard money lenders
Partners
Credit cards
If only I had known that all of these methods, even if they had been eager to give me a loan, were complete wastes of my time!
Finally, about five years ago I learned a le on Ill never forget. I came acro a foreclosure on a $150,000 property that was going for only $70,000. Id hit the jackpot! It was almost too good to be true. Of course I jumped at the chance to get in on this incredible deal. But I didnt have the available funds. Its every real estate dealers nightmare. I scrambled to the bank, to my partner. I tried to extend lines of credit. But all of this took time, and time is exactly what you dont have with a lucrative short sale like this.
As you can gue , I didnt get the sale. By the time I had secured funds, the property was sold to someone who had the cash ready and could close within days. In this one deal I lost a potential $60,000.
I swore then and there that this would never ha en to me again. And it never did, because then I discovered private lending.
A whole new world opened to me and my investing has never been the same. Private lenders literally provide you with your own private bank to fund your real estate deals. Imagine: limitle funds that are co tantly and immediately available. Today, I have more available capital than I do property in which to invest it. Its simply a store of money waiting for me to make use of it. And anyone can have this
thats whats so amazing. Its like a dream come true for any serious investor.
It sounds a little overwhelming, doe t it? Lets slow down. Ill explain the ecifics of private lending, and youll see for yourself how this incredible system works.
Who are private lenders?
First of all, private lenders are everyday people. Some are retired, some work, some have su tantial investment capital, and others have only a little. They may want to make the most of the savings theyve ent their lives building, or perha they suddenly came into money through an inheritance or property sale. Regardle of their background, all private lenders are looking for a safe, high-yield o ortunity for their funds. I give my lenders a guaranteed 10-15% return on their investment. Theres nothing like it anywhere. The incredible thing is that most people dont know about this o ortunity. They let their hard-earned money sit in CDs or IRAs. Some even risk the volatile stock market. The win-win reality of private lending is u aralleled. Really, you get immediate, limitle funds to invest in real estate o ortunities at a moments notice.
Your lenders get an incredible 15% simple interest on their money. They are secured by both a mortgage and hazard i urance on the home. There is safety in their investment because the total investment is never more than 70% of the a raised value of the property. If for some reason you would fail to repay the loan, they have the value of the property to reclaim their funds.
Not a bad deal for your lenders, or you.
