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 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 (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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Reading through the unending torrent of media reports about Wall Street corruption, unprecedented government expansion and company failures, it seems difficult these days to find any good news. While it is true that our nation is having its share of troubles, I think it’s about time for some good news. We can start by acknowledging…
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