What are some of the advantages of using private money for your real estate investments?
Well, if you haven’t decided whether or not to use private money, I decided to lay it on the line here for everyone to see:
1. Fast & you can buy at a discount
2. No credit check & doesn’t show up on your credit report
3. Control. You set the rules.
4. Unlimited funds
5. Help friends, family & meet a great group of people
6. Get some of your profit when you buy
7. Cash flow
9. Can make offers with confidence
10. Can structure quick and more profitable exit strategies
11. Saves you money
12. Cheaper than a partner
13. Fund the purchase of defaulted paper
14. It is the foundation for a very profitable brokerage business
In this business, when a deal comes along you have gotta move fast.
Many investors have watched a deal slip through their hands while they waited for the bank to approve their loan.
Once you have private money available, that won’t happen to you.
You can make an offer knowing you can go ahead and set a closing date.
Meanwhile, your competition is wondering how you did it so quickly…
Alan Cowgill covers all this at his 2 upcoming Traction REIA events:
“Private Money Made Easy” at Traction REIA Thursday May 18th.
“Private Lending with Family, Friends, Associates & Strangers (with full SEC Compliance)” Training Event
Saturday May 20th at the Sheraton Tysons Corner.
Traction Real Estate Mentors