Here's a situation for you: You're raising money to buy an investment property. Taking acquisition cost, rehab & incidental expenses into account you figure you need to get about $250,000 in private funding. So, you start talking to some private investors and you drum up $200,000.
Getting a Investment Property Loan is one of the keys to a successful real estate business. In this post financial crises market it is very hard for real estate investors to get traditional loans and private money lenders are the only game in town. Having access to some private money lenders is a very valuable resource. Here are some tips and tricks to finding private money lenders and getting them to work with you.
Private money is one of the keys to a successful real estate business. In this post financial crises market it is very hard for real estate investors to get traditional loans and private money lenders are the only game in town. Having access to some private money lenders is a very valuable resource. Here are some tips and tricks to finding private money lenders and getting them to work with you.
Thursday, February 25, 2010
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