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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 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...
•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 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 Lending 5 Mistakes to Avoid When Building a Private Lending Credibility Kit
An effective credibility kit is often a real estate investor's ticket to the success for securing funding from a private money lender. If your private money lending credibility portfolio is compelling enough, you will have private money lenders flocking to your doorstep and you will be able to establish long lasting business relationships for future real estate transactions.
Creating an effective private lending kit means avoiding the mistakes that could potentially burn bridges for future...
•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 Lenders Using Speeches and Presentations as a Powerful Way to Attract Private Lenders
I've done a lot of speeches and presentations to smaller senior groups in the Philadelphia community as my primary way to attract private lenders. I would do presentations sometimes where there would only be three or four people and sometimes there would be 30. It all depends.
Massive Action Produces Massive Results
If you do enough speeches and presentations, you will get enough people that will come to you after the meeting and want more information about private lending. If you can,...
•Real Estate Investors What is Private Lending
? Private lending, as I teach it and as I do it, is a relationship type of lending between my company and another individual. That individual can be one of two people. It can be what I call an outside third-party person. Maybe I do not know that person but through marketing, relationships or referrals, I have developed a relationship with that person. I have sat down with that person, either in one-on-one or in group settings.
Private Lending Investors
I have developed a program by which I...
•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...
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