Private Money
I hear it all the time: How do you raise private money? It’s the #1 question I get. So after a lot of years I felt it was time to share what works and does not work…in plain English that makes sense. You know there are so many reasons people don’t raise private money. I want…
Read More
BACK INTO AN “OWNER FINANCED” PRICE USING LOCAL RENTS AS YOUR BASELINE Here’s the problem with using MLS Data and doing Current Market Analysis (CMAs) to find an After Repaired Value (ARV) in an area that has crashed price wise; Your values are going to come in way lower than the values WE should be…
Read MoreI have been getting a lot if emails and calls lately from my students. It seems they are having success finding private money. They are taking action on the ideas we’ve been discussing and it’s working. Imagine that!…go figure! I’m also getting calls from outsiders asking, How/Where do I find the money to fund my…
Read More
ACQUISITION: – I use private money to buy my houses – I pay my Private Lenders 8% interest only 5 yrs. NOTE: Bank money is 4% to 6% but you’ll sign a personal guarantee. – This private loan is a NON-RECOURSE loan…collateral only loan…no personal guarantee. There’s even ways to get 0% loans: go to REInvestorSummit.com…
Read More
Appraisers seem to get confused about value when different terms are injected into a sale. There is no doubt terms can affect the price. Here’s an extreme example: Can YOU buy a million dollar home? Most people would say, “NO.” If you ask those same people if they could buy a million dollar home if…
Read More