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Posts Tagged ‘real estate investment financing’

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How to Get Around Lack of Experience and Credibility

Tuesday, April 21st, 2009

1 Comment »

This is something that every real estate investor faces when getting started . . .

“How do I get around a lack of credibility when talking to sellers if I’ve never purchased an investment property? What do I say when someone asks me about my experience . . . or lack thereof? How should I go about getting private money to finance my deals without a proven track record? HELP!!!!”

Ok . . . calm down . . . every real estate investor has gotten past these seeming roadblocks to success. Keyword in the last sentence “seeming.” The lack of experience and credibility factor is much more of a mental obstacle than anything. But let’s break down the common areas where your lack of experience and credibility may be questioned and give you a structure to over this objection.

(more…)

Tags: creative real estate investing, Negotiating, private lending, Private Money, real estate investing, real estate investment financing, real estate negotiating
Posted in Negotiating, Real Estate Investment Financing Strategies, Tips and Tricks | 1 Comment »

4th Type of Person Most Likely to Be a Private Lender

Friday, April 10th, 2009

2 Comments »

Private Money LendingIn a previous article, I discussed the . . .

3 Types of People Most Likely to Invest with You

1) People that know and trust you

These are your long term relationships . . . friends, family, etc.

2) People that know a good deal when they see one

Could be anyone whose profession is related to the real estate industry . . . real estate agents, mortgage brokers, home inspectors, appraisers, etc.

3) People that know people who have given you private money

This one is pretty simple . . . referrals. This is your best source once you get people in your program that have benefited from being a private lender.

For more info, read the full article, 3 Types of People Most Likely to Invest with You.

And now for the . . .

4th Type of Person Most Likely to Give You Private Money

When I started combing through my list of private lenders that I’ve cultivated over the years, I started to see another pattern. Another type of individual that’s a good prospect for becoming a private lender.

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Tags: creative financing, creative real estate, Financing, private lending, Private Money, private money lenders, real estate investing, real estate investment financing
Posted in Real Estate Investment Financing Strategies | 2 Comments »

How to Get Private Money Lenders Beating Down Your Door

Wednesday, March 25th, 2009

9 Comments »

Private Money Real Estate InvestingFinancing, Financing, Financing! That seems to be the MAJOR sticking point for real estate investors these days.

If you’re one of our regular readers, you know that we teach a great deal on how to get private money. But, I still get tons of comments from investors like . . .

= > I don’t want to ask people I know for private money . . . where should I start?

= > The people that I know with money aren’t interested in lending right now . . .

= > How can I get private money without experience as an investor and a proven track record?

= > Everyone I talk to is holding on to their cash right now. Are there really people out there lending private money in today’s market?

. . . and the list goes on and on. If you look closely at these comments, all they really are is excuses.

(more…)

Tags: creative real estate investing, Financing, private lenders for real estate, Private Money, private money for real estate, private money lenders for real estate, real estate investing, Real Estate Investing Financing Strategies, real estate investment financing
Posted in Real Estate Investment Financing Strategies | 9 Comments »

Who Else Wants a Seller Financed Deal For Only $1,800 Down?

Wednesday, March 18th, 2009

2 Comments »

I'll Take That Real Estate DealAre you one of those non believers that think that you have to have a bunch of cash or credit to get into real estate investing?

Well, if that’s the case, here’s a real world real estate investing case study of one of Wil Christenson’s latest and greatest deals. He specializes in creative deal structuring . . . buying property subject to and creating seller financing to pay sellers for their equity. Wil structured this deal so that the seller took back 100% of the financing so all he had to pay was his closing costs (some attorney fees, title search, deed stamps, etc) which amounted to a whopping $1,800 bucks! That’s it!

And the property was in good shape! Can’t get much better than that . . . all it needs is a little cosmetic work. I decided to shoot a video to highlight exactly how the deal went down.

Here’s a few things you’ll learn in the video:

= > How in the heck he found the deal

= > 2 BIG hints when the lead came in that screamed “This Could Be A Great Deal!”

= > Key questions Wil asked to unlock the seller financing potential

= > How he used “The Truth About Taxes” to compel her to finance the deal (and how you can too)

= > The magic question that explodes your wealth when you know how to hold your mouth right

= > How every payment is in essence going in his back pocket

= > and MUCH MORE!

Watch the video now!

(more…)

Tags: bandit sign, creative real estate investing, Marketing, Negotiating, negotiating real estate, real estate investing, real estate investment financing, real estate investor marketing, seller financing
Posted in Marketing, Negotiating, Real Estate Investment Buying Strategies, Real Estate Investment Financing Strategies, Real Estate Investment Selling Strategies, Tips and Tricks | 2 Comments »

How to Get Private Money for Your Real Estate Deals

Monday, March 9th, 2009

3 Comments »

Private Money Real Estate Investment FinancingI get more questions about financing deals in today’s market than anything else. And specifically about getting private money . . .

Here are a some of the private money questions that I’ve received lately:

“Can you show me some of the paperwork from a sample loan?”

“If you have collateralized a property with an investor and you sell it, do you have to pay off the investor at that point? Can you hold the funds for a certain time period to try to get more property to assign as collateral?”

“Can you suggest where to find some legit private money lenders? The ones I’ve contacted wanted $250.00 non refundable just to present the project with no guarantee of getting the funds . . .”

“What do you advise are the best avenues to solicit private money?”

“Can I use your information to apply to investors that I need to invest in apartment buildings with me?”

(more…)

Tags: Financing, private lending, Private Money, private money resources, real estate investment financing
Posted in Real Estate Investment Financing Strategies | 3 Comments »

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Who's Behind Must Know Investing?

Patrick Riddle:
Patrick grew up in Lexington, South Carolina. Went to Clemson University for several years studying civil engineering and wound up doing real estate investing in Charleston, SC.
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Dusty discovered real estate investing at the early age of 21. He flipped his first piece of property while he was still in school and never looked back.
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