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•Private Lending How to Connect With a Private Mortgage Lender
Although conventional lending institutions have long been considered the popular choice for obtaining a property mortgage, the increasingly fast paced environment has prompted real estate investors to turn to private mortgage lenders to fund their property ventures. This is due in part to the snags and red tape in the convention mortgage lending process and the increased competition in the global real estate marketplace.
Connecting with private mortgage organization that can sometimes be...
•Private Mortgage Lender What to Expect From a Private Lender
A private mortgage lender is essential to the success of your real estate venture and your business relationship with the lender during the life of the real estate loan. For many real estate investors, working with the right lender means the difference between a sweet deal and a deal gone bad.
Many real estate investors opt to work with private mortgage lenders to escape the bureaucracy involved with the conventional lending process. The global real estate market is competitive and often...
•Private Lending for Real Estate Investors The Six Steps to a Private Lending Program
Wow, has the real estate market changed in 2008! Real estate investors have been shut out of traditional mortgage money unless you have a 9000 credit score and a 50 year work history without missing one day of work (ok enough of the weak humor but you get the idea). Even hard money loans are HARD to get as they have all gone out business. But just as the mortgage market is shunning the investor - we are starting to see signs that the reals estate marketing is starting to bottom and home...
•Private Lending Program for Real Estate Investors How to Start One
If you are a real estate investor in the post-credit bubble market and need money to finance your investments there NOT many options left. Traditional mortgage lending is not available to real estate investors. And even hard money loans are few and far between as they now require large down payments and high credit scores. Both mortgage lending and hard money require personal guarantees - not very attractive in this market.
The one remaining option for RE investors is borrowing money from...
•Private Real Estate Money How to Finance Your Real Estate Investments During the Post Credit Crisis
As the stock market tumbles and a most mortgage lenders go out of business how does the average guy manage to continue to invest in real estate. We certain will not be able to get traditional mortgages from banks or lenders as they now require 800+ credit scores, personal guarantees and down payment collateral equal to or greater than 40% of the purchase price. hard money lenders are so scared they will not lend to their own mothers - that is, the few that are still in business.
So what do...
•Private Lending For Real Estate Investors How to Avoid SEC Issues
One the most frequent questions I get from students or newsletter subscribers relates to how can I raise money to buy real estate investments through private lending without getting in trouble with the SEC. This is not an easy question but certainly an important issue. Before I would answer this question, I always tell people that I am not an attorney and the advice I give is from my personal experiences and education and should not be considered legal advice.
Is borrowing money for real...
•Private Lender Real Estate Financing versus Conventional Mortgage
In today's uncertain economic climate, financing a real estate venture through a private lender is considered a viable alternative to seeking a conventional mortgage through a commercial institution. With commercial lending institutions folding under the pressure of the Wall Street crunch, private lending is becoming the preferred alternative to financing real estate.
Obtaining financing from a private lender is beneficial to real estate investors who seek immediate financing to close a deal....
•Private Mortgage Lenders The Pros and Cons of Using Private Mortgage Lending versus Actually Buying
There are a variety of reasons people are turning to private mortgage lending to enhance their investments, the primary reason being the current uncertain economic situation that is causing stocks and mutual funds to plummet. With private lending, your investment earns a higher rate of return than stocks and mutual funds, is secured by real property, as well as a mortgage insurance policy. What could be better these days when it comes to investing?
If you are considering getting involved...
•Real Estate Investors Tips on Starting Out with Private Lending
One of the mistakes I was making early in my real estate investing business was I was putting my own money into deals. I would go out and get a primary mortgage mostly from - I was using WAMU at the time. Fortunately, I think they're still in business. Then I would put my personal funds as the balance. I'd borrow 80% of the proceeds from WAMU. I'd put in 20% of the remaining purchase price of my own funds and then I would continue to put my own funds to rehab the property.
Like everybody, I...
•Private Lending 4 Ways to Raise Private Money For Real Estate Investors
Now that the mortgage market for buying investment real estate is all but dead - investors need to have other sources available or go out business. Fannie and Freddie will no longer be available for investor mortgages, traditional banks and saving and loans will not touch investors loans for many years to come and hard money lenders, when available, can have total cost over 25%. The answer is private money raised from people, not banks, through a process called private lending. Here are...
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