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Zack childress-The current economic crisis has led to tighter lending standards and less money in real estate investing there. The current difficulties in obtaining loans and hard money mortgage lenders has pushed real estate investors turn to private money sources such as real estate transactions.
The private mortgage money for people with money to invest in higher returns than traditional investment security for the investment of private funds is normally provided by the institution itself and not the borrower
Why choose a private money investing in real estate business?
1) credit limits less
Credit of the borrower is not as private money loans since the loan is secured by the property itself.
2) Easier to get
Banks and money lenders hard to set more restrictions than the issue of private financing real estate investing and lending money. Private money loans are easy to do so when the writer is less than the lender.
So you can have your money within days. If the real estate business looks profitable for the lender, it is funded. Private financing often obtained money offers that will generate sufficient revenues to interest payments, but are secured by real estate worth significantly more than the loan amount, even latent.
3) Cheap
Having a partner is much more expensive than using private funds. Real estate associations usually share half half profits, but private providers may collect money from more than 8% -15% and a half points or origination fees are generally not paid when loans are used for private money.
4) A few formalities
The most creative proposals are financed with a loan from traditional sources, and even hard money lenders. So, that captures many of the investors in real estate. For example, real estate investment, which has been involved in over the fees may be financed by private funds.
So how do you attract money from private lenders to lend you their money?
First, any lender checking your skills before you trust with their money, a real estate investment site to invite private money is crucial to your businessing property.
Your site must be simple, but unable to persuade investors unambiguously private money that your company real estate investment is the best place to invest their money, the site must be interactive and allow potential private sponsors to register
So the recovery plan and a list of opportunities for success are likely to convince private investors to potential private money lenders, of course, want to see the records of all the bids you´ve done. If you have no previous record, you must have a detailed plan for each division, including estimates of repair, market value, earning potential and all the numbers it is likely that if all the necessary information on all contracts been well cleared.
This continued success in business investment property is guaranteed if you have a continuous supply of private money in their bids.
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Zack childress-By Les Christie, staff writerApril 14, 2011: 5:27 AM ET NEW YORK (CNNMoney) - On the surface, the foreclosure Read more
Zack Childress is a 10 year real estate investing veteran. He invests in 7 different markets simultaneously and doesn’t need to travel all the time to these 7 markets because he invests virtually. He’s coined a system where he doesn’t put any cash or credit down for his deals and he can buy and sell the property in just 7 days. You can get more details about this no money down strategy here. http://www.co-wholesaling.com