Private Money Lenders
Real Estate Money Matrix – what the heck is it?
Nov 30th
Real estate money matrix is a new “kid” on the block.
It’s not a course in the usual sense of the word, though you’ll get some video training with it.
It’s not a piece of software that just captures leads or runs buy/sell calculator spreadsheets for you. Rather it’s a real estate investing platform. It combines multipe resources real estate investors need to put together profitable deals under one roof:
1. Funding sources for deals,
2. Ivestment buyers, as well as
3. Leads on properties.
When you combine an access to property leads, a list of cash buyers who want to buy something in this bad economy and have means to close, as well as multiple funding sources to help you take down the property in your name…. Hmmm, what else do you need to start putting real estate deals together?
Not much. Well hear more about the Real Estate Money Matrix from Nate Kennedy, its creator.
Stock Market Drops 1000 Points, Real Estate Investors Perk Up!
Aug 5th
On the question of timing your private money lenders campaigns.
When should you go looking for private money?
The conventional wisdom suggests: (a) Anytime is a good time to be marketing for private money lenders, or (b) When you have a deal tied up under contract.The latter is a really dumb way to go about it. It’s too late to look into funding options when you have a hot deal under contract and just a couple of weeks to close on it. I’ll expand on this in another post.
The “always be looking for money” for your real estate deals is a pretty solid advice to any real estate entrepreneur who wants to be able to make “all cash” offers on bargain deals any time he finds one.
BUT… if you really want to make leaps and bounds in how much money you can raise, you MUST hit the iron when it’s hot. And in the World of raising money from private individuals, it’s when their OTHER investment options aren’t doing that great. Better yet, if you can time your campaigns when they’re taking a bloodbath – you will have a hyper response that will dwarf your usual interest level from these folks.
Guess what? As of today, August 5th, 2011:
The stock market (Dow Jones) lost a whooping 1,000 points in just 5 short days!
Man, oh man. The stock market investors are hurting big time right now. Their spouses don’t like them. Their retirement accounts have dropped lot of dollars. Their portfolios are suddenly looking a lot lighter.
They are wondering what went wrong? How long it’s going to take for the market to rebound? Better yet, WILL the market start going back up soon or will it continue to fumble and lose ground for the next few years?
Years lost in retirement earning cycle
These are some serious questions for lots of people who were hoping the stock market would be a long term investment solution for their retirement money. The answers will have a profound impact on the size of their long term retirement savings. If this sluggish stock market situation continues for a few more years… these would be the years taken out of their retirement earning cycle.
The years that added up to a lot lower amount of spendable income they’ll have by the time they are ready to start dipping into their IRAs. Moreover, for those who are already living on the interest produced by their retirement money – this big market drop is an instant blow that forces a lower standard of living TODAY.
Bottom line, they need an attractive alternative to the stock market. The one that’s safe, predictable, dependable and earns a decent rate of return. The return that can either grow their money, or throw off enough cash flow to leave on today.
That’s where you come in with your private banker attraction program. You could be the knight in the shining armor who comes to the rescue and saves them from losses or poor stock market returns.
Don’t wait for the market to bounce back
The times like NOW are rare opportunities that, if you take advantage of them, will bring you virtually unlimited supply of private money for real estate deals. Unfortunately for slow real estate investors who are too timid to take action NOW, this opportunity will soon pass.
The stock market investors will calm down and won’t be as hot and bothered about their losses. Will your campaign still get response? Yes! Will it get a hyper-response? You know the answer.
Happy bargain hunting!
Resources: Private money lenders video
Why Would Private Lenders Loan Money To Lil’ Ol’ Me?
Aug 5th
That’s a question I am often asked: “why would a private individual with money want to loan me his funds for my real estate deals?”
There are multiple reasons. The real question you should be asking is not “why”, but “who” would likely loan me money? What kind of person might have an interest in loaning me money secured by real estate?
Here is one of my training videos that offers some insights on this matter.
Private Money Lenders Can Create A Surge of Juicy Real Estate Deals
Nov 26th
Access to private money lenders can have a multitude of positive effects on your real estate investing business. It’ll help you close more deals and make more money.
One of the least obvious perks of using private money lenders is – you can get highly profitable deals trickling down to you automatically. You won’t have to spend money on marketing or spend hours of your precious time scouting MLS for bank owned REOs or other distress properties, making dozens of low ball offers… And hope one will get accepted.
There is a better alternative. And it happens in the natural process of buying and selling houses with private money financing. It works almost like a self-fulfilling prophecy.
When you use cash from one of your private money lenders to buy a house, you can fund and close your deal in a week, instead of taking 30-45 days typical for a closing with a conventional mortgage loan. Every time you use private money loans to close fast – more title companies and real estate agents will become aware of the fact, you’re one of the few, very few real estate investors who can perform. In real estate industry a fast, problems free closing is a commodity in high demand.
For real estate sales professionals – fast closing means they get paid sooner. In today’s tight financing climate when buyers take forever to get approved for loans, Realtors will love you for helping them get a commission check in days rather than months. While many contracts never get to the closing, the fact that your deals funded with private money are sure to close will make you even more valuable to both title companies and agents.
Real estate agents who routinely list REOs will keep your name and number handy. They’ll call you every time they have a foreclosure listing they’re getting ready to put on the market. Clearly, they’d rather have you submit an offer with cash from private mortgage lenders than an unknown buyer who needs an approval for a bank loan.
Imagine a different scenario. A real estate agent has a listing on a bank owned property. The property sells to an investor at a huge discount as a result of drawn out negotiations with the bank… But the buyer couldn’t close on the deal. Now the agent has to find another buyer quickly, before he loses the bank listing.
He’ll have to go through his Rolodex to find his most reliable buyer who can close fast with cash or quick financing arranged through private money lenders. If he doesn’t have one already, he’ll ask the title company and his office colleagues. Who gets the call about the deal? You, of course! You’ve proven yourself in the past in your marketplace. You slide right in and pick up a juicy bargain delivered to you literally on a silver platter at the same low price.
The more deals you close using private money lenders, the more professionals will like and trust your ability to deliver fast, guaranteed closing. And the more deals will “magically” find their way to you. Buying properties at discounted prices using private money lenders doesn’t get any easier than this.
Private Money For Real Estate
Apr 26th
Are you putting the cart before the horse?
This thread is in response to the make money in real estate video I posted recently.
The question came from one our my subscribers after he watched the video. It’s a valid question, so I’m addressing it below.
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Hello Alex:
I just watched the I Spy Lender Video…. It makes all the sense and would be a great tool to have. I am ready to place the order….. However I have to sort out a very important issue… Based on your advise used correctly, I am sure I would find private money lenders… My problem would be where, how do I find these properties to use the available funding? Right now buying the video, even though I want to, would be like putting the cart before the horse, would it not?
Would look forward to getting an answer and buying the program for swift application.
Thanks
rashmi desai
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No, it’s not putting the cart before the horse. It’s the opposite. The horse is the funding for your hot deal. The cart is the deal that you are able to fund.
It’s the funding that will be pulling your deal through to closing.
When this kind of a deal with a big discount drops in your lap, it’s too late to be looking for money. More >
Real Estate Investing Oxymorons
Apr 26th
A bald person with long beautiful hair?
….. a square circle
….. a red that’s blue?
These are all oxymorons, things that don’t exist.
Here are few examples of these oxymorons that investors are looking for, that don’t exist in today’s economy:
- Financing with 5-10% downpayment for landlords for rental properties — doesn’t exist anymore
- 80% LTV cash out loans for investors that let them pull out their downpayment and equity from the property within 6 mos of purchase — bye-bye
- Buyers willing to take over your deals and pay premium prices for them, hoping they’ll still go up even further — so gone now
- Hard money lenders wlling to finance these buyers at 70%-80% of the current value — bankrupt and out of business
- Banks willing to accept $100 as earnest oney and continue to extend your purchase contract for as long as you need to find a buyer who pays more — never were here to begin with
If you want a doze of REALITY that still has place for deals with large checks attached to them in today’s soft market, watch the video below with several case studies of what works TODAY, not what worked in the past.
It’s been getting terrific “wow” reviews.
If you’re barely surviving or already started looking for “greener” pastures… you might just overlook the acres of diamonds in your own backyard..
Start playing make money in real estate video and repeat in your own backyard.
-Alex
Make Money In Real Estate
Apr 26th
The video below has several case studies that explain how you can start putting together juicy real estate deals in today’s market that pay you on day #1 with sizable checks.
It’s been getting terrific “wow” reviews.
Simply “steal” the strategies shown in the case studies and use them in your market. Neither your own capital, nor banks are required.
It might just be the missing link that stops you from joining the 2% of real estate investors who’re thriving in this “new” economy, while the other 98% are either barely surviving or have already left the industry looking for “greener” pastures.
If the video play button doesn’t show above, use this link make money in real estate to start playing the case studies.
Watch the case studies and repeat this in your backyard.