Buy Fix and Profit http://www.buyfixandprofit.com Buying Fixing and Profiting from Real Estate Tue, 18 Oct 2011 01:34:31 +0000 http://backend.userland.com/rss092 en 6 Players in Private Money Lending You Should Get Acquainted With Hard money plays a crucial role in the business of many real estate investors. This access to fast cash allows them to make lowball offers and grab golden opportunities. If you want to thrive in this trade, it is essential that you get to know the people behind private money lending and understand their roles in processing and approving of your application for hard money loan and in the funding process. You may already be familiar with many of them since they are also the usual suspects utilized by conventional lenders and banks. Here they are:

The Middle Man in Private Money Lending

1. The Hard Money Lender or Hard Money Lending Company could be an individual or company responsible for managing your loan from beginning to end. This person (or firm) often is an entrepreneur operating the entire… Read the rest

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7 Strategies To Convince a Private Money Lender To Fund Your Real Estate Deal So you have set up your real estate website and blog to establish your online presence and start building on your name as an authority in the industry to build credibility not just for buyers and sellers of properties, but investors, as well. You have kicked off your word-of-mouth marketing by tapping your network to make known to everyone you know that you are into real estate investing. And so you have gotten a few messages hinting interest in investing in your deals. Your concern now is how to clinch the deal with a private money lender? Here are some tips.

1. Arrange a face-to-face meeting with your prospective private money lender.

Online interaction is not enough. You must totally convince your prospect that you are indeed human. Time to surface from your online persona and engage with your potential… Read the rest

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6 Sure-Fire Way of Attracting Private Money Lenders

Private Money Lenders – The Most Convenient and Flexible Source of Funding

As you already know, funding for your real estate deals is essential; without which, the deal cannot proceed. However, you may have noticed that with the present real estate market falling apart at the seams, getting funding is not as easy at it used to be. Requirements for traditional funding have become tighter. You cannot get a Fannie Mae and Freddie Mac loan for your real estate investing deals. Sourcing from hard money lenders can cost you by as much as 25 percent in interest and points. Because of these, more and more investors are turning to private money lenders to finance their deals. But with so many real estate investors seeking non-traditional funding, how do you lure these financial backers to invest in your deals?

How

Read the rest

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How Much Do Private Money Loans Cost

Private Money Loans Up for Grabs With a Hefty Price

Private money loans may be more readily available as compared to traditional loans, but this accessibility comes with a price tag. True, you can do away with the piles of paperwork, credit check and other prerequisites required by banks and conventional lenders, saving you time and effort. In lieu of these is are steeper rates and points that you do not usually encounter when transacting with banks, making private money more expensive. Another reason why private money is dearer (and riskier) is because the loan is not insured by a bank or government entity. Let us get to know what these costs are.

Breaking Down the Cost of Private Money Loans

The price tag of private money loans can be broken down into two parts: interest rate and up… Read the rest

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Investment Property Financing – Finance Investment Properties With 100% Financing

Real Estate Investors’ Big Secret – Investment Property Financing

With the down market, people keep saying that now is a good time to invest in real estate. However, newbie real estate investors could only scratch their heads as they do not have the money to buy their first property. Sure, the prices of real estate may have dropped insanely low but still the cash on hand just isn’t enough. Who says you have to take your payment from your own pocket? One of the biggest secrets how savvy real estate investors make money is by using other people’s money, through investment property financing.

5 Ways To Finance Investment Property

There are several ways you can obtain funding for your real estate deal provided you have a bang-up credit rating. Even if you don’t, there are still other creative ways… Read the rest

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3 Sources of Private Money

As you may already know, cash is the lubricant of any real estate business, or any business for that matter. With ready cash, you can command a better bargain when acquiring a property as compared to buying it under financing. By eliminating the red tape involved in obtaining funding from traditional loan, ready cash allows you to focus on your actual money-making endeavors – looking for great deals and managing renovations. With ready cash, you can instantly seize opportunities that come your way without the need to forage for funding. Hence, it allows you to make money faster. But where do you get ready cash? Private money is a faster, more convenient and flexible way of securing cash for your deals. Let us take a look at some of the financial headwaters for this informal type of funding.… Read the rest

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House Fixes

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Lego Key Holder for Room

Looking for a new, creative method to hold your keys? How about creating one with Legos? It’s creative, one-of-a-kind and shouldn’t cost you more than a few bucks.

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Transform Your Room

Have you ever wanted to make your room completely different then the norm? Check out these ideas and let us know what you think about them and if they can be the placed in your home to give it that extra sparkle that it needs.

KeyHolder

Sofa

Chair

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Amazing Chairs for Your Living Room

If you’re looking for a chair for your living room or home; be ready to be inspired with our awesome collection of chairs. No one is boring and each can add a touch of class to any room. Enjoy!

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