Private Money
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…
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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…
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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…
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When I have a Private Lender in any city, I consume them. Private lenders are the core of my businesses and are the most coveted asset. To ask anyone to give you their lead on a private lender is to be completely Naive. Ron LeGrand has been quoted as saying, “I’d give you my wife,…
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There are so many reasons people don’t raise private money. They think… I’m too old, I’m too young, I don’t have the right presentation, I can’t figure out how to approach a lender, I don’t know anyone with money. Well I am here to tell you that all the above is baloney. None of these…
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