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Private Money

TALKING TO SELLERS

By Mitch Stephen / February 20, 2014 / Comments Off on TALKING TO SELLERS

People ask me all the time , “what do I say when I get in front of the prospective seller?” So here’s an example:  You’ve located a deceased owner with a back tax problem. You had to hire a skip trace detective to actually locate the administrator of the will or the new heir to…

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Elevator Pitch: You'll Find Private Lenders

By Mitch Stephen / January 28, 2014 / Comments Off on Elevator Pitch: You'll Find Private Lenders

I 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…

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How Important is Private Money?

By Mitch Stephen / January 10, 2014 / Comments Off on How Important is Private Money?

How Important is Private Money? One of my students recently got a house under contract in Houston, Texas. His strike price was $21, 000. With $10, 000 in repairs he could owner Finance the home for $84, 500  (Based on the local rents).  He didn’t have the money to buy the house himself. He didn’t…

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Raising Private Money Letter Template

By Mitch Stephen / December 10, 2013 / Comments Off on Raising Private Money Letter Template

Raising Private Money Letter Template Here’s a sample letter you can use to find private money. Just personalize this to your business and send via email or snail mail. <YOUR COMPANY NAME> is currently seeking private money to purchase, renovate, and resell single family houses in Texas (Houston, San Antonio, and Dallas metro areas). We…

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Owner Financing The Seven Way WIN

By Mitch Stephen / December 10, 2013 / Comments Off on Owner Financing The Seven Way WIN

Owner Financing The Seven Way WIN (Guest blog post by Mitch’s student Jerry Gurley) Debbie and I are very excited about our new real estate business.  We buy houses from people who don’t want or need them.  We renovate them.  Then we sell homes to families who love them. We often sell with owner financing allowing people…

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