Posts Tagged 'private money lender'

7 Strategies To Convince a Private Money Lender To Fund Your Real Estate Deal

Posted on: October 12, 2011

Categories: Buy, Other Articles

Author: lbuen

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 Ways of Attracting Private Money Lenders

Posted on: October 9, 2011

Categories: Buy, Other Articles

Author: lbuen

6 Sure-Fire Ways 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 to

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How Much Do Private Money Loans Cost

Posted on: October 5, 2011

Categories: Buy, Other Articles

Author: lbuen

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 front… Read the rest

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5 Valid Reasons For Obtaining Loans From Private Money Lenders

Posted on: April 16, 2011

Categories: Other Articles

Author: lbuen

5 Valid Reasons For Obtaining Loans From Private Money Lenders

Funding Real Estate Deals Using Private Money

Private money lenders are a fantastic source of funding for your real estate business. There are several strong points you can get when you finance your deals with private money compared to traditional loans, lines of credit, bank loans and other types of financing.

Perks of Private Money

Private money played an important role in fueling my real estate business forward. Even when I was just starting, private money has been there to help me close bankable deals. The following are some things I like about this form of financing:

1. No Credit Probe. Your siblings, dad, aunt or anyone in the family could be your private investor. You can also request for private funding from friends, business partners and through referral of people who do not want their spare money to… Read the rest

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