You need money to do rehabs and buy-and-hold real estate deals. That’s a fact. Whether you like it or not. So how do you find the money? Banks won’t always lend to you. And even if you have some of your own money to invest, it isn’t always enough to take down the bigger deals. Sometimes you just need more…
Short message today because I’m getting ready for tonight’s Traction REIA meeting. 1) Have you ever been asked for proof of funds? 2) Or have you ever felt like a dwarf for not having enough money to do a deal? 3) Or has the cost of borrowing money been too high and therefore killed the profit potential of a deal?…
There are 4 types of funding sources. Let’s review by looking at the downsides. 1.) BANKS If you go to a bank, chances are they will want tons of paperwork, pay stubs, tax returns, etc. It’s a lot of hassle. Eats up time. Whereas, when you can move fast with all cash from private lenders, sellers will sell you their…
Here’s another gem from the quick interview I did with Alan Cowgill to answer questions I’ve been getting about how to raise private money for deals. QUESTION: “What exactly is a security in real estate?” ALAN’S ANSWER: The term “security” is broadly defined to mean “any certificate or instrument, or any oral, written, or electronic agreement, understanding, or opportunity, that…
I did a quick interview with Alan Cowgill to answer questions I’ve been getting about how to raise private money for deals. QUESTION: “I want to do more deals and I have multiple people wanting to put money into my deals. Am I safe doing this as long as I use a good contract?” ALAN’S ANSWER: You need to be…
