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.
Within your community right now there’s a huge pool of private money lenders waiting to loan you their money. At the same time there are also a lot of companies investment property mortgage, hard money and rehab loan firms who don’t want you to know that you have the ability to attract private money lenders to your business at cheaper fees and better terms.
I also want you to know that there are also companies that specialize in investment mortgages that want to hide from you the fact that private money lenders are available to help finance your business. These companies, hard money rehab loan lenders will not share this information with you because they want you to work within their loan criteria which will end up costing you much more money than if you worked with a private money lender.
What helps to attract private money lenders is the fact that they are financing a real estate property, that’s the collateral. To explain a little, this is considered a first lien position. There is a promissory note that outlines the loans terms and conditions to both parties. This note is secured by a deed of trust. With private lenders you are paying much higher interest rates compared to what they lender would have been receiving in the stock market.
The next step for you is to get more education. On our site we go over many tricks and tips in more detail to help you learn how to attract and pull private lender funding to your business. Learn secret tips on attracting private money with our video and audio training program.