Wednesday, August 15, 2007

Within thirty days, you too could have a limitless supply of cash-on-hand to buy homes, regardless of your credit.

The advantage of using private lenders is truly staggering.

• Speed. The two greatest competitive advantages in the real estate market are cash-flow and speed. With private lending you will already have your investors in place. When an opportunity arises you have immediate funds to take action. What an incredible feeling to have the confidence that you’ll never let another profitable opportunity slip away.

• Cash-flow. Because most lenders prefer not to deal with monthly payments, you have an ever-increasing flow of cash to use to your best advantage and that of your investor.

• Great deals on houses. We all know that cash upfront means a better deal on a home. Especially with short sales. Not only will you win a house out from under someone waiting on a bank loan, you’ll pay less for the house as well!

• Close more deals. Immediate funds mean shorter transaction periods and more time to place money into new deals.

• No down payments.

• No pre-payment penalty.

• Reduced closing costs.

• No points like you’d have with mortgage brokers.

• You set the rules. For the first time, you’ll be in control of your loans. In my business, I give 15% and no early withdrawal penalty, but when borrowing from a private lender, you can set any parameters you like. I use the generous terms because my lenders are very happy and come back to me over and over. I’m equipped with funds 100% of the time to take advantage of any deal which may arise. And, because of their involvement, I’m making a lot of money.


Where do you find private lenders?

Everywhere. I’ll be honest, my very first private lender was my mother. She invested with me and, because she was living off the money, I sent her the interest checks every month. Many lenders prefer to let the money sit and receive payment either quarterly or in one lump sum at the end. For them, this means something very similar to compound interest, except with a very high interest rate! And for you it means more funds accruing more revenue.

Find anyone with money stored in a CD or the stock market, and you’ll have found a potential private lender. Think about it. Like all of us, private lenders want to make money. They seek safe, high-yield opportunities for their funds. CD’s and money markets offer limited profits. Smart real estate investing offers them a return that is leaps and bound above anything they are currently earning.

My friend Alan Cowgill is a speaker, author and real estate entrepreneur. Alan has bought or sold over 175 investment properties. His step-by-step system “Private Lending Made Easy” teaches others to find private lenders. Go to www.reimostwanted.com to sign up for a free audio teleseminar series, featuring Alan and many other experts, and learn this powerful secret to real estate investing success. To your success, CD

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