Posts Tagged ‘private money investors’

Easy Way To Approach Private Money Lenders For Real Estate Investing

Thursday, June 2nd, 2011

 Access to unlimited private money is essential to success in real estate investing business.   Once you have private money, you can finance as many deals as you can find with little or no limitations.

It follows that you must approach potential private money investors and convince them to lend you their money for your deals.  This is where most real estate investors get nervous.

This article covers how to approach potential private money lenders and sell your ideas to them.

 As soon as you identify potential people with money to invest, you then convince them to invest in your deals.  This means that whenever you get new deals, you will be presenting them to your private money investors for funding.

 Lots of real estate investors first look for deals before they can approach potential private money investors.   Although this could be a safer approach, you stand the chance to lose the deals before they can get funded.  You might also have to leave out lots of good deals untouched.

Also, if you are using a broker to help you find deals, they are unlikely to spend their time working for you unless they know you have the money to make the deals happen.   They will be comfortable to work for you once they know you have the money.

 You are therefore in a better position if you can approach them before you get the deals.

This method is more aggressive but gets you better results.

Some prior preparation is necessary in order to convince potential private money investors:

1) Get a private money investors website
 Start with this as the first thing you do.  Even though you will talk to all your private money investors, you need them to learn about you as much as possible.

 A good private money investor website will help break the ice for you and tell them your story before you talk to them.   By the time you talk to them, you will be done with basics and discuss deals you may have for funding.

 You can also present the deals you have on your website.  We recommend a good website at the end of this article.

2) Draft a convincing sales letter
 If you have already identified potential private money investors, contacting them will be the next step.   This part can be tricky.

 When you send them a letter, it must provoke their interest with a strong call to action without being aggressive.

For this reason, you need to spend some time drafting a good sales letter.  Once to two pages is enough without being aggressive.

 Be sure to provide your website address and full contact information to make it easier to contact you.   You can also follow up with them with a phone call after a few days.  They will most like already know about you by the time you talk to them.

3) Present your deals
 The next step will be to present your deals for funding once you have them ready.

 As long as they look attractive to them, you are funded!

Successful real estate investors need to have a ready source of private money to finance their deals whenever they need to. A real estate website that targets private money investors and convinces them to invest in your deals is therefore necessary for your business. Find out how a private money investor website can super charge your real estate investing business.

Tags: , , , ,
Posted in Real Estate Investing web sites | No Comments »

How to identify potential private money investors for real estate investing

Tuesday, May 17th, 2011

How to identify potential private money investors for real estate investing

One of the biggest questions most real estate investors is how they can identify people with money that are looking to invest in real estate. Once you have identified these private money investors, they can finance your deals whenever you identify them.

This article walks you through how to identify potential private money lenders for your deals.

Whether you have lots of money when you start investing in real estate or great credit score, a time comes when you find yourself stretched thin and can no longer afford another deal. This applies whether you do creative financing for your deals or not.

For this reason, you need a reliable source of cold hard cash when you need it, even at short notice. To be successful, your real estate investing business should not be limited by the amount of money available to do your deals.

For this reason, it is important that you identify potential private money investors who are looking to invest their money in real estate and adopt them as your private money lenders.

Here are the steps you need to follow to attract potential private money investors for your reale state investing business:

1)      Get a private money lenders website

This must be the first thing on your priority list. In this day and age, almost everyone will look you up online. A website tells your story the way you want it presented to potential private money investors.

When they visit your website before they call you, they already know how you do business and are probably already warmed up that they are ready to look at the deals you have.

A good private money lender website comes fully loaded and equipped with personalize content that is written to convince potential private money investors that their money is safely invested with you.

A good website is suggested at the foot of this article.

2)      Look up mortgage documents

Most court houses now have online access where you can access property information including mortgage information online. If you do not have this access, then you have to go physically to your local county court house and search for these mortgage  documents.

The courthouse clerks will prove to be a big help in this process.

What you are looking for are mortgages done by individuals, not companies. Individual lien holders are usually people who have sold their property in owner financing, or have privately financed that lien as private money investors.

Take the names, addresses and phone numbers of these leads. The first thing you need to do is send them a letter explaining to them what you do and that you are looking for private money investors for a high return on their investment.

Of course, you must send them to your private money website, as well as provide your full contact information.

Secondly, if you have a phone number, you may need to give them a call after week or so to follow up with your letter. Of course, you will call the people that have not given you a call or signed up from your website.

Some of the prospects will be ready to lend you their money; in this case, you will just need to present your deals to them as you get them.

Other prospects (owner financing sellers) will be frustrated by the fact that they receive a monthly payment instead of one lump sum for their property. In this case you can help them sell their note to potential money investors at a discount and you make a few thousand dollars on the side.

Of course, others will not be interested in talking to you.

This way you combine the power of an informative interactive real estate website with technology and a little research to attract all the money you need for your real estate investing deals.

Tags: , , ,
Posted in House Flipping Website, Private Money Websites, real estate investing, Real Estate Investing web sites | No Comments »

Why you need private money for real estate investing

Sunday, April 10th, 2011

In order to drive your real estate investing business to the next level of success, it is necessary to do most if not all, good deals that come your way.

This is made possible by having a ready supply of cash you can use whenever you need it.

This article looks at why you need private money to finance your real estate investing deals as opposed to other types of financing.

In the current downward real estate market, most lenders have tightened their lending underwriting requirements.  Currently, you need a good credit and verifiable income to qualify for a mortgage.

If you are self employed, such as real estate investors, chances are you cannot qualify for traditional financing by getting a mortgage to do your deals.

For those who can qualify for a mortgage, you can only do a few deals financed through banks. As a real estate investor, you must be able to do any type of deals without limitations to succeed in the business.

And even if you can qualify for a mortgage, there are lots of deals you cannot do if they do not meet the lender’s requirements.

Nowadays, a lot of hard money lenders have also tightened their lending requirements, with some having some credit score requirements to lend money.

This means that your real estate investing business is limited by financing more than ever before.

Private money solves this problem because it removes most of the hassles imposed by other means of financing real estate investing deals.

Once you have located a good source of private money, the sky is the limit.

First, you are the one who determines which deals to do and which ones not to do. If the numbers make sense to you, then the deal is as good as done. If you like it, chances are that you can have it funded by your private money lenders.

For example, you can do deals that involve buying properties subject to the existing mortgage, such as lease to own or rent to own. Such deals cannot be financed through a traditional mortgage or hard money lenders.

This means that deals that are out of reach to other real estate investors are within your reach.

Secondly, some deals require speed to make them happen. If you already have private money investors lined up, you can have your deals funded within a few days. A house going through foreclosure may be out of reach when you have to go through hoops to get financing. With private money, you can close any deal with the speed required to make it happen.

Thirdly, private money is cheap. Even though private money investors get a higher return on their investment than traditional lending, the cost of getting private money is still less than hard money, or seeking a partner.

To sum it up, with private money, you have a cheap source of ready cash available to finance most, if not all, of your estate investing deals at a short notice.

Successful real estate investing must be driven by a ready supply of private cash available from private money lenders. Targeting these lenders requires that you convince them that their money is safely invested in your deals. Learn how you can attract investing cash through a private money website.

Tags: , , ,
Posted in Real Estate Investing web sites | No Comments »

How To Be Safe With Investment Property

Friday, December 3rd, 2010

When investing in real estate, it is important to stay safe and avoid potential losses that can put you out of business.   Identifying and avoiding such pitfalls if therefore crucial to your real estate investing business.

 Follow these 6 tips to stay safe and profitable as a real estate investor.

1) Buy properties with equity
 This is a simple, golden rule.  Avoid properties you buy at market value.

 Expect no price increase in your investment properties in the near future.

 The real estate market is full of properties with no buyers.   Even banks are offering properties at deep discounts, as much as 30%.

 Even if you use creative financing from motivated sellers, focus on properties with equity.

2) Know your area
 Even with equity, you must make sure you buy houses in the right neighborhood.

It also means that if you decide to keep it, you might not get good tenants.

Focus on an area that is favored by most people.   Is this a place you would like to live in?  Would you feel comfortable if your kids grow up there?

 Is this an area that is growing and shows even better potential in the future?

 If you answered yes, then this may be a good place to invest.

3)  Is there demand for rental properties?
 If you rent out properties, consider rental demand before you buy your properties.  Is there demand for rental properties in the area?

If you were unable to sell your house right away, can you hold it as a rental property?  This of course will provide you with a security cushion in case of unforeseen circumstances.

4) Think outside the box
 You could still make money with little to no equity with lease options, rent to own or owner financing.

If you have equity in it and can acquire the property on terms, you could be in the profit zone from the beginning and still sell it at a profit eventually.

Real estate laws have been changing recently, so consult an attorney for your real estate transactions.

5)  Invest little money
 If things did not work out as expected, how much money can you lose?  The less you invest, the less you can lose if things go South.

 This applies whether you get a traditional bank loan or buy on terms.

6)  Get private money investors
If you invest in real estate, having a ready source of private money is crucial for your business success.   You have flexibility what types of properties you buy and how you finance them.

For example, you cannot acquire a lease option property using a bank loan, but can do so with private money.

 It is necessary to have a good real estate investor website for attracting private money investors for this.   This website will tell your story for you.

Once you have private money investors, the sky is the limit.

Tags: , , , ,
Posted in Private Money Websites, real estate investing, Real Estate Investing web sites | No Comments »

Private Money WebSites That Attract Private Money Lenders

Monday, August 10th, 2009
Private Money WebSite

Private Money WebSite

To be a successful real estate investor, you need a dependable source of private money for your deals.

Attracting private money is a necessity in order to run your business with no constraints – do any deals you want.

A private money website is therefore a must to attract private money lenders and private money investors for your real estate investing business

But you must have the right web site with the right message for private money investors to trust you with their money.

Why should you have private money?

1) If you like it, it’s a deal

Can you use conventional lending for a deal that involves creative financing (such as taking over payments)? Even deals that could probably make you $100,000?

Most unlikely!

No bank will finance you unless it’s a straight conventional buy; at least I do not know even one.

When you have a solid flow of private money that you can turn to at a moment’s notice, you can close any deals you want; if you like it, it’s funded!

2) Close more deals
With private money, you are the under-writer. This means you can do deals that other investors cannot touch simply because you have a ready source of cash from your private money lenders.

Even if you find deals with time constraints, you can still close on them because you can close on such deals as soon as you find them.

Conventional lenders typically take at leat 30 days to close, and come with lots of under-writing conditions. Hard money lenders can only lend on deals that meet certain criteria (such as 70% minus repairs). None of these conditions exist with private money lenders.

3) They are cheaper
Hard money lenders typically charge around 16% interest and higher, plus points in most cases. Conventional lenders may not even close on most deals unless they are conventional.

4) You do not need your own money
Hard money lenders will charge you points in advance and first month’s interest to close on your deal. Also, they will not lend you money to rehab in advance, so you may need a sizeable amount of money in the bank to get a medium-sized deal.

Conventional lenders need you to put some money down, typically 10-20%. Not so with private money.

Web Sites For Attracting Private Money

A good private money web site presents you as a polished professional to potential private money lenders or investors so they can finance your deals with confidence that their money is safe with you. In turn, you get all the money you need to fund deals that other real estate investors can never touch.

A private money web site must be specifically designed for attracting private money investors to finance your deals. Obviously, you don’t want to look sloppy to the very people who will finance your deals.

This web site presents you as a polished professional real estate investor who is at the top of his game. You come out as a successful business person who investors will not think twice to entrust their money with.

Recommended Private Money Web Site

Private Money WebSite

Private Money WebSite

The best source of web sites for attracting private money is RealEstateInvestorsWebSites.Net. Not only do they come with tons of features, they also come with numerous customizable designs to select from.

Their content is professionally written to persuade private money lenders that you are the best investor for their money. They are also fully optimized for search engines. You must have this web site if you are investing in real estate.

 

Click here to get your private money lender web site

 

 

 

Tags: , , , ,
Posted in Private Money Websites | 2 Comments »