Why Private Money

|, Articles, Financing|Why Private Money

Why Private Money

Want create site? Find Free WordPress Themes and plugins.

Article by Alan Cowgill

This topic is near and dear to my heart. When I started my RE career, I heard about the necessity of finding private lenders. In fact I even found two. But then I stopped. For four years I PROCRASTINATED. I didn’t get it. For four years I continued to go to banks and jump through their hoops. I also had used hard money lenders, but found them VERY expensive.

It wasn’t until I quit my J.O.B. and found that banks wouldn’t loan me money that I realized that I needed to bring private lenders into my life quickly.

When I took that step, everything changed for the better.

What are some of the advantages of using private money for your real estate investments? Well, if you haven’t decided whether or not to use private money, I decided to lay it on the line here for everyone to see.

  • Fast & you can buy at a discount
  • No credit check & doesn’t show up on your credit report
  • Unlimited funds
  • Control, you set the rules
  • Help friends, family & meet a great group of people
  • Get some of your profit when you buy
  • Cash flow
  • Flexible
  • Can make offers with confidence
  • Can structure quick and more profitable exit strategies
  • Saves you money
  • Cheaper than a partner
  • Fund the purchase of defaulted paper
  • It is the foundation for a very profitable brokerage business

In this business when a deal comes along you have to move fast. Many investors have watched a deal slip through their hands while they waited for the bank to approve their loan. Once you have private money available, that won’t happen to you! You can make an offer knowing you can go ahead and set a closing date. Meanwhile, your competition is wondering how you did it so quickly!

Alan Cowgill is a speaker, author, and real estate entrepreneur. Alan has bought or sold over 200 investment properties. Alan Cowgill is a regular guest speaker at CT REIA. Go here for the current list of upcoming real estate investing seminars in Connecticut.

Did you find apk for android? You can find new Free Android Games and apps.
By |2018-12-25T00:52:30+00:00August 31st, 2010|Alan Cowgill, Articles, Financing|0 Comments

About the Author:

ctreia

Leave A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.