Thursday, February 19, 2009

Real Estate Investing Requires Money - Where to Get It

Real Estate Investors Who Need Money Should Consider Private Money Lenders
By Mike Lautensack

Real estate investors are unable to find traditional mortgage lenders who will meet their financing requirements? Then you might want to consider locating a private money lender. Private money lenders are investors who, for the right investment opportunity, will loan you the money to buy real estate investments. As long as you have equity in the property and an exit strategy to pay them back, a private money loan should be easy enough for you to find. Here are a few places to locate your private money lender.

Mortgage Consultant

Investment Clubs

Real Estate Seminars

Other Investors

The Internet

Mortgage consultants who deal in your type of financing can be a reliable source to start your search if you don't know where else to look. Other places are investment clubs. Investors are a terrific source for referrals of private money lenders and many private money lenders actually belong to or attend investment club meetings. Many of these clubs you can join on the Internet for a nominal monthly fee. They will provide you will all sorts of valuable information and access to financing and private lenders.

Attending real estate seminars is another place to meet lenders. The speakers may even be a private money lender. It's a great networking venue. If you Google private money lenders, many companies come up on the Internet. Now that you know where to look for these lenders, once you find them, keep them because you will need to go to them for your next deal.

Who are Hard Money Lenders?

Private Investors

Hedge Funds

Institutional Investors

Portfolio Lenders

Real Estate Brokers

Agents of REO (bank owned properties)

Why Use a Private Money Lender?

A private money lender provides a quick interim financing for you to purchase, rehab and resell a single family residence or commercial property. They do not require any credit checks or traditional guidelines such as banks and other financial institutions. Basically, private money lenders are looking for a deal that makes sense with a quick return on their investment. They also provide short term bridge and gap financing. It can take as little as 5 days to get your financing. So if time is of the essence, a private money lender is the answer to your prayers. You can get fast cash for real estate foreclosures and other hot investment deals.

In these tight financial market times, it makes much more sense to you use a lender instead of a traditional mortgage lender. Why waste time and get turned down missing your investment opportunity while you are waiting for loan approval. You should be compiling a list of private money lenders so when you do find a great investment, you are ready to go. You will never have to worry about how you are going to fund your project, just where you will find your next deal. This way you can concentrate on rehabbing your property and selling.

I invite you to learn more about Private Mortgage Lenders and get FREE instant access to a 60 minute audio and 20-page eBook titled "Discover the Secrets of How to Fund Your Real Estate Deals with Private Lenders!" by going to http://realestatewealthtoday.com/FREE-eBook.html.

Mike Lautensack is a full-time real estate entrepreneur in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE Real Estate Wealth Newsletter go to Private Lending Kit.

Article Source: http://EzineArticles.com/?expert=Mike_Lautensack
http://EzineArticles.com/?Real-Estate-Investors-Who-Need-Money-Should-Consider-Private-Money-Lenders&id=1997386

Real Estate Investing

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3 Comments:

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11:12 AM  
Blogger Johnny said...

Hi,

Thanks for sharing your information. Real estate investing will always be a good place to put your money if you invest wisely. The majority of mortgage brokers are regulated to ensure compliance with banking and or finance laws in the jurisdiction of the consumer.

8:29 PM  
Blogger windsor said...

I notice really quite a number of blogs that look interesting and really worth a read. There’s nothing worse than browsing through limitless blah blah blogs simply to locate a couple which keep your interest. Thanks. Good job!

2:53 AM  

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