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If you don't know about private money for real estate investing, it's highly likely your friends, relatives, and neighbors don't know either. They simply don't know that they can use the money that is sitting in low-interest savings accounts, money market accounts, and CDs to invest in real estate. They also could have substantial equity in their own homes or IRAs that return tiny yields on mutual funds. You can explain to them that you are offering a higher rate of return than they could get through any of these other so-called safe investments. They could earn 8%, 10%, even 15% by funding a first mortgage on an investment property. One of the greatest benefits of using private money is that you can create flexible rates and terms. You are asking for them to invest in a property that will guarantee them a higher rate of return than anything they are doing now. And you are doing it by offering a first mortgage secured by real estate. Casino - List of all casino related resources Black Jack - List of black jack resources Poker - List of poker resources Online Poker - List of online poker resources Betting - List of betting resources Lottery - List of lottery resources Craps - List of craps resources Slots - List of slots resources Roulette - List of roulette resources Games - List of games resources Recreation - List of travel/holiday/resort/airline resources Health - List of online pharmacy/hospital/health resources Shopping - List of online shopping/gift resources Business - List of business/finance/loan/mortgage resources Computers - List of computer hardware/software/peripheral resources Internet - List of webhosting/webdesign/internet marketing resources Miscellaneous - List of all other resources not stated above
If you want to get started investing in real estate, realize that the money you need is as close as the people you know as you go about your daily life. Using private money to fund your real estate investment has two great benefits. First, it allows you make money with someone else's money. And second, you are helping your private lenders make more money by investing with you than they would by keeping their money in the bank. This is a true win-win situation for both of you. So, if you would like to buy investment property but don't have the money or the credit to qualify for a mortgage on your own, the easiest and best solution is to look for private money investors among the people you already know. |
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