Cheap easy financing for your real estate investing deals!https://tvallc.isrefer.com/go/
Happy Investing!
Showing posts with label private lenders. Show all posts
Showing posts with label private lenders. Show all posts
Thursday, July 31, 2014
Private Funding for Investors
Cheap easy financing for your real estate investing deals!https://tvallc.isrefer.com/go/
Happy Investing!
Wednesday, June 12, 2013
Structuring Private Money
Daniil Kleyman, full-time real estate investor,
is featured on this 40+ minute all-content video called:
"Private Money Structuring – How to Get Lenders to Chase You".
In this video, he shows you:
- Breakdown of typical financing avenues for real estate deals
- 3 Ways to structure private money deals, with examples
- A slick way to borrow money from people who don't have money to lend
- A way to structure private money deals that will have lenders chasing you
- And much more
Just click on the link below to go directly to the video:
Click here to watch the video
This is the kind of info everyone else is trying to sell you. You get it at
absolutely no charge so go watch it now!
Watch the video and leave your comments and questions at the bottom!
Or cut and paste the link below:
Happy Investing!
Tuesday, August 2, 2011
Top Reasons to Lend Private Money
Our first two tours of homes in August will feature properties that are or can be financed by the seller. In these cases, the seller acts as a private lender.
Here are some of the top reasons why someone might want to lend private money, secured by tangible real estate:
Totally passive income: A private lender makes a loan to an investor, but does not have to acquire the property, fix it up, manage tenants, monitor a budget, or market it for sale. A private lender is given a fixed rate of return, regardless of the ups and downs of the marketplace.
Higher Rates of Return: A real estate investor can typically offer 2-3X greater rate of return than the best interest rate a lender can earn through the bank, in stocks, bonds or CDs.
Low Risk: A private lender’s investment is secured by a tangible asset as collateral, unlike stocks and bonds which are unsecured (why do they call them securities, I wonder?). This investment is secured with a promissory note and deed of trust; and lender’s insurance also protects the lender. The lender is named as additional insured on the insurance policy.
No cost to the lender: There is no cost to have your investment managed for you, unlike your typical financial advisor or funds manager who takes 1-2% in management fees off your securities investment portfolio.
You can drive by your investment: Your investment as a private lender is secured by tangible real property. You may decide which property you wish to collateralize your private loan. You may visit the property as an investor works on fixing it up to see what they are doing with your investment.
Unique opportunity: A private lender’s investment is highly localized, typically in neighborhoods and properties with which the lender is intimately familiar.
Real World Investor: Typically, the private lender has met and knows the real estate investor securing the loan. The investor is personally accountable to the lender. In addition, the lender can check references and credit histories from the investor.
Educational: A private lender has the opportunity to learn from and study real estate investing, by observing the entire process as an investor in it.
Community Involvement: The private lender has the reward of knowing that s/he has helped in improving and revitalizing a neighborhood, offering affordable housing for an end-buyer, and played a small role in saving the world…one house at a time….
Friday, June 25, 2010
What Does It Mean?
Since April 2009, there have been 1.15 million foreclosures. During that same time, 6.1 million American homes have been refinanced and 2.8 million have received a loan modification from either the HAMP or a private lender program. That means that there have been almost 3 times as many loan modifications as foreclosures in the last 13 months. Government leadership has led to a more comprehensive and lasting modification program than the earlier HAMP.
What do all of these trends in my previous blogs mean?
It means that there is OPPORTUNITY!
Opportunity for lucky sellers, who are fortunate enough to offer financing in a world where credit is tight and lenders are running scared. These sellers will have a bigger pool of potential buyers and command a HIGHER PRICE for the sale of their home in LESS TIME than the same seller down the street who cannot offer owner financing.
Opportunity for private lenders who are looking for bigger returns on their investments than what they can get in the stock market, or with other investments. Why? Because many borrowers cannot find funds or credit to purchase a house, a home or an investment without it.
Are there risks associated with these opportunities?
Of course there are! And would you like to know how to mitigate those risks, while taking advantage of the unique opportunities that exist today?
Then stay tuned for my next blog!
What do all of these trends in my previous blogs mean?
It means that there is OPPORTUNITY!
Opportunity for lucky sellers, who are fortunate enough to offer financing in a world where credit is tight and lenders are running scared. These sellers will have a bigger pool of potential buyers and command a HIGHER PRICE for the sale of their home in LESS TIME than the same seller down the street who cannot offer owner financing.
Opportunity for private lenders who are looking for bigger returns on their investments than what they can get in the stock market, or with other investments. Why? Because many borrowers cannot find funds or credit to purchase a house, a home or an investment without it.
Are there risks associated with these opportunities?
Of course there are! And would you like to know how to mitigate those risks, while taking advantage of the unique opportunities that exist today?
Then stay tuned for my next blog!
Wednesday, February 24, 2010
Risks of Being a Credit Partner
What if I partner with an investor who fails to fulfill their promises?
Whenever I lend or borrow money, I try to secure my financial pledge with a promissory note and some collateral, in this case a lien on the subject property. If my partner defaults on their payments, then I have a legal right to foreclose on the property. When I work with a credit partner, they have paid nothing out of pocket, but have the right to foreclose on a property should I fail to make payments as promised.
If your partner is promising to cover payments through rental income, then it would be important to ensure that there is a legitimate long-term lease on the property, or that your partner has a good track record of property management. If not, you may want to hire a property manager, or seek their opinion on the potential rental income on the property. I find that rentometer.com does a pretty good job of estimating median rents for property.
But what if I have to foreclose?
If you have to foreclose, hire a good real estate attorney and have them handle the details. Expect to spend $2000-4000 in Washington state (a non-judicial state) to handle the foreclosure. This may not be a bad price to acquire a property for which you originally paid nothing. Make sure you have access to funds should this become necessary.
In working with a partner, be sure to always do your own due diligence. Hire an attorney to draft and/or review any legal documents; and be sure to get references on your partner, especially if you have not worked with them before. Most investors are small business owners and entrepreneurs who are looking for venture capital to expand their business. And ideally, your deal is structured in such a way that makes lending money or credit a win-win for both of you!
Whenever I lend or borrow money, I try to secure my financial pledge with a promissory note and some collateral, in this case a lien on the subject property. If my partner defaults on their payments, then I have a legal right to foreclose on the property. When I work with a credit partner, they have paid nothing out of pocket, but have the right to foreclose on a property should I fail to make payments as promised.
If your partner is promising to cover payments through rental income, then it would be important to ensure that there is a legitimate long-term lease on the property, or that your partner has a good track record of property management. If not, you may want to hire a property manager, or seek their opinion on the potential rental income on the property. I find that rentometer.com does a pretty good job of estimating median rents for property.
But what if I have to foreclose?
If you have to foreclose, hire a good real estate attorney and have them handle the details. Expect to spend $2000-4000 in Washington state (a non-judicial state) to handle the foreclosure. This may not be a bad price to acquire a property for which you originally paid nothing. Make sure you have access to funds should this become necessary.
In working with a partner, be sure to always do your own due diligence. Hire an attorney to draft and/or review any legal documents; and be sure to get references on your partner, especially if you have not worked with them before. Most investors are small business owners and entrepreneurs who are looking for venture capital to expand their business. And ideally, your deal is structured in such a way that makes lending money or credit a win-win for both of you!
Subscribe to:
Posts (Atom)