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by Kalinda Rose Stevenson
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Would you like to buy investment real estate? What is stopping you? Is it the money to get started?
If you are like most people, you think that the way to get enough money to buy a property is to go to a bank and apply for a mortgage.
Do you know that the best solution for beginning investors who are short on cash and credit is a method that most people don't even know exists? This method allows you to bypass banks and mortgage brokers.
In three short steps, you can find all of the money you need to fund any of your real estate deals, without ever having to apply to a bank for a mortgage.
The first step is to realize that the best solution is to use private money. Private money comes from an individual, rather than a bank. A private money investor could be anyone. When you open your eyes to the possibilities of using private money to fund your real estate investments, you realize that all the money you need is hidden in plain sight all around you.
The next step is to find a private money investor. Private money investors are everywhere, ranging from neighbors to professional investors. They can be people you already know or people you find through advertising or online. Let's keep it simple and start with the people in your own immediate circle. Your relatives, your neighbors, your friends, your co-workers, your dentist, and your mechanic are all potential private money investors.
You might be wondering why anyone you know would be willing to loan you money to invest in real estate. The answer is that most people are not satisfied with the low rates of return they are getting in so-called safe investments in savings accounts, money market accounts, and CDs. And people have been badly burned by the stock markets. They'd like to make more money but they don't know a better way.
You can find private money investors by askin |
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