Orlando
Florida Hard Money
Get 65% LTV Loans Throughout Florida, Ez Terms
Call Mark: 407-575-4005
www.OrlandoHardMoney.com
|
Florida Jumbo Loans Up to 85% LTV
Florida Luxury Home Financing for Purchase or Refinance.
Call Tracy Battles: 407-352-4292
www.TracyBattles.com
|
Why
Use Private Money For Real Estate Investing? Reason
#1
I’ll
never forget it… my Realtor phoned and breathlessly
told me about a deal that was too good to pass up.
He described the property and the price and I had
to agree- it sounded like a fantastic opportunity.
Sadly, I told him I had no ready cash, and my credit
was already overextended. I would have to pass. I
glumly hung up the phone.
This
experience, several years ago, lead me to examine
how I was financing my investment properties. Because
I was tied in to using my own cash and conventional
mortgages, I was severely limited in the number and
kind of properties I could acquire. I decided then
and there to begin learning all I could about private
money for real estate investing.
I
gradually began to develop a stable of private investors,
partners really, who had money to loan and were ready
to make it available to me at a moments notice. Since
I started putting the principles of private money
for real estate investing to work, I haven’t
had to pass on a ‘once in a lifetime’
deal for financial reasons again.
Orlando
Florida Hard Money
Get 65% LTV Loans Throughout Florida, Ez Terms
Call Mark: 407-575-4005
www.OrlandoHardMoney.com
|
Florida Jumbo Loans Up to 85% LTV
Florida Luxury Home Financing for Purchase or Refinance.
Call Tracy Battles: 407-352-4292
www.TracyBattles.com
|
A
perfect example occurred a couple of weeks ago that
illustrates what I’m talking about. Again, my
realtor phoned and told me about a foreclosure listing
he had. The bank had sold the property, but the deal
had fallen through. These have always been great opportunities
for me, and this was no exception. Thanks to the fact
that I have access to plenty of private money for
real estate investing, I knew just what to do.
With
just a couple of phone calls, I had lined up the financing
I needed to proceed with the deal, and I stand to
make several thousand dollars on this property when
I close on it at the end of the month.
That’s
several thousand dollars I would have been forced
to watch fly into the pocket of some other investor
if I didn’t have ready access to a flexible
source of cash, namely my private money lenders. I’ve
got several who are friends now, and our deals are
always win-win situations for all parties.
If
you need another reason to start building a network
of lenders who can provide you private money for real
estate investing, this is one of the best.
Answer
number one to the question, “Why use private
money for real estate investing?” - you’ll
never need to miss a great deal again!
About
the Author: Tom Dunn is a successful real estate investor
and author of the popular
DealFiles Real Estate Investor Stories free newsletter.
You are welcome to share this report, unedited and
in it's entirety, with anyone you like. You may not
remove this text. © 2007 by Tom Dunn.
