Comparing the 4 types of funding sources

There are 4 types of funding sources.

Let’s review by looking at the downsides.


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 homes at a discount.

– Quit your J.O.B. and they won’t loan you money
– Need down payment
– Need decent crwdit
– Lost time (Alan once lost 4-and-a-half months to close a deal)
– No relationship
– They change rules instantly
– Mountains of paperwork
– On crwdit report
– Provide stack of documents
– Jump through their hoops
– You’re out of control
– Monthly payments
– Pre-qualifying the property

Let’s face it some of us, buy some really nasty stuff to rehab.

Beyond the trash and that horrible smell, some of the houses we buy don’t have roofs, or windows, or furnaces, or plumbing.

We buy trash and turn it into cash.

Banks don’t seem to understand that.

– They are very expensive
– Maybe your crwdit score is important (depends on the lender)
– Need down payment with some lenders
– Only one (1) exit strategy – Sell for cash
– You’re out of control
– Usually no up-front fix up money (Rehab $$$)

– Monthly payments
– Limited $$$
– Can be called back and you’re cut off
– Out of control

– Limited $$$
– Could make more by loaning it out at a high rate of return.

If you use private lenders, you can avoid nearly all of these downsides.

With private money you buy what you want.

You can rehab about anything.

That’s your decision, not someone else’s.  Today you are the approval committee.

One final note on building relationships…

Appreciate my lenders.  You’ll meet some great folks.  These strong relationships built on trust make your business grow, not to mention make your life more enjoyable.  Do you actually know anyone at your bank or are you just a number to them?  There are some exceptions, of course.

The bottom line is that now you know the facts.


Go create wealth and live the life you want.

Alan will explain Private Lending in detail at our 3 Traction REIA events starting next week.

#1.  IN-PERSON: Washington DC Main Monthly Meeting

TOPIC: “Private Money Made Easy”
SPEAKER: Alan Cowgill

Thursday August 19th IN-PERSON (no simulcast)
Marriott Dulles Airport
6pm to 9pm

Click here to RSVP

#2.  IN-PERSON: Full Day Training Event with Alan Cowgill

“Private Lending with Family, Friends, Associates & Strangers (with full SEC Compliance)”

Saturday August 21st IN-PERSON (no simulcast)
Marriott Dulles Airport
9am to 1pm

Get your ticket now

****SPECIAL BONUS PACK FOR ATTENDING — Hit the link for details*****

#3.  ONLINE: “Private Money Made Easy”
SPEAKER: Alan Cowgill

Tuesday August 24th
ONLINE using Zoom
Works Nationwide. Join us from anywhere.

8pm to 9:30pm Eastern
7pm to 8:30pm Central
6pm to 7:30pm Mountain
5pm to 6:30pm Pacific

Click here to get the Zoom link (no charge)

Tom Zeeb

Traction REIA:
12+ Consecutive Year Recipient of the
National REIA “Honors of Merit” and the “Award of Excellence”
For Best Real Estate Investor Association!


“Tom Zeeb has the formula for success.  You just need to follow what he says.”
– David McGrady

“The best help from Tom was the negotiation techniques & tactics. His Bootcamp got me on track.”
– Ryne Lambert

“I used your marketing. I used your contract. I got the deal and got it done.”
– Danisha Byrd

“I’m so happy today, I am about to do my first rehab property all thanks to you.”
– Eric Nkemtaji

“I implemented what was shown. I just started doing it & BAM! my first deal came in.”
– Godfrey De La Rosa

“I started implementing exactly what you said, used your contract, & signed the deal up!”
– Dominic Mason

Ready To Move Your Real Estate Investing Forward, Faster?

Our TRACTION CONTROL program may be a fit for you. Just click below & submit the form on the next page and we’ll contact you.