What is Private Money Lending?
“Private Lending” is the borrowing of real estate investment funds from private individuals at rates higher than the banks by investors. The advantage of private lending is the speed and ease of funding a deal. Private Lenders don't have as strict guidelines for borrowing their money as a bank. That allows them the flexibility to charge more for using it and they quickly provide funding. If you have a solid deal – then you're almost guaranteed a loan because the “collateral” will be the property – not you, your spouse, or your credit.
Private Money Lending is great tool for real estate investors. We encourage you to take advantage of this Free Ebook Download on Amazon today to help you find and attract private money lenders. Here is the direct link: http://www.amazon.com/dp/B00AEJZCJG
Finding Private Money For Real Estate Deals
We know that one of the biggest hurdles for new and experienced real estate investors is “financing” or coming up with the money to close deals. We also understand that traditional bank financing is not an option for many investors. Investors dealing with low credit scores, high debt ratio, bankruptcy, delinquencies, or who may already have too many real estate loans are often denied financing by banks regardless of how profitable the real estate deal.
Solution: Private Money Lenders
If you’re not sure how to find private lenders or how private money works, find a good book or video to help you fill in the blanks. Obviously, we have a free course that teaches exactly this, but you can definitely find information on YouTube as well. Just make sure they are a trusted source.
Marketing For Private Money
Real estate investors need to know how to effectively & legally advertise and attract private money lenders. Private money loans allow a real estate investor to lock down great deals due to the ability to close quickly. Learning how to use & include print advertising, direct mail, networking, lender luncheons, teaching seminars, search engines, websites, blogs, social media sites, and how to manage and follow up with leads acquired – are all topics covered for your benefit
If you are struggling to fund your quick close wholesale deal, a rehab investment deal or need short term financing to purchase your small commercial flip – don’t be afraid to explore all angles and seek out a private money loan or lender. The more educated you can be about your real estate investing, the faster you’ll get better at it and the longer you’ll stay in the game.
Luckily, it’s not a difficult thing to learn when you have detailed explanations that demonstrates and walks you through the entire process. After downloading the short book we made for you – you will be able to confidently do all the necessary steps to get a private money loan for your next deal.