Where to Find Ca$h for your Deals

Find cash for your deals

I have used just about every method to fund my properties known to man: conventional loans, seller financing, 1031 exchanges, credit card checks, refinance one to buy another, partners, wholesaling, hard money, private money. Each has its place in certain situations. The one that will skyrocket your success as a real estate investor is Private Lending. The reason for this is simple. Private Lending can be used in any situation and any property and it is unlimited. Let me take that back. The availability of private money lending is limited ONLY by your efforts and the contacts you make. Why you may ask is private lending even MORE IMPORTANT NOW than when I started full time as an investor?

Hold on to your seats. The answer is not a shock!
The Lending World Has Changed
Not only are the banks requiring 20% down, good credit scores and full documents, you are limited on the number of mortgages you can hold. And the government is trying to regulate areas that were once the domains of real estate investors, like seller financing. As if seller financing was the cause of the current financial crisis and not Option ARM, No income, no doc loans.
Private lending seems unusual to new real estate investors, but if you are a small business owner that is how capital is raised to start or expand your business. You see, individuals who know and trust you will take a chance on your business when a bank will not. So start ups will use private lending to start up a business and not go through the requirements and restrictions of the bank. It almost seems like the bank wants to know the size of your underwear, you feel that exposed when you send in the paperwork for a bank loan.

How can you get started finding private lenders for your deals?

Alan Cowgill has an awesome course called Private Money Made Easy. I highly recommend this course. Jam packed with everything you need to get started.

I offer a FRee ebook called Where to Find Ca$h for your Deals which explains how to develop your contacts and talk with private lenders.

With the ebook, I provide a spreadsheet using a typical single family residence purchase to explain private lending to your potential lenders.

I also have a letter for you to send to the bank with the bank statements of your private lenders when you make purchase offers on bank properties (REO’s).

Register for this blog to get the ebook and other documents. Documents are in the Gallery. Log in, then click on the Gallery. Ebook, spreadsheet and letter are in a folder called Documents for Private Lending.