|
|
|
Discover How To Turn Your Real Estate Business Into A Cash Machine Using Other Peoples Money
ike many real estate can be retired business people,
investors, I started out corporate executives,
investing in real estate professionals such as doctors,
using my own money and credit. lawyers, or business owners or
This worked fine for the first even blue collar workers all
few deals. But eventually, as I looking for returns substantially
purchased 20 to 30 properties, my above the 3% to 5% they get at
lender at the time, Washington the banks.
Mutual, cut me off from further
deals and my personal funds dried Let me first explain my
up. I had built up a great deal definition of "Private Money".
of real estate equity, but was Private money is funding that
locked out from doing other deals comes from private individuals,
with my traditional lender and friends, family, IRA’s or any
could barely pay for my own source other than institutional
groceries. or conventional means. It is
sometimes referred to as "Hard
I had to find another way to fund Money" or "Flash Cash."
real estate deals or
my investing career was over. The question I had to figure out
was, “How do I find enough of
This is when I discovered private these folks to run an active real
lenders who have funds to lend estate business buying 2 to 4
for real estate deals, but do not houses per month?” To address
want the headaches and paperwork this issue, I developed a
to actually manage tenants or marketing plan that would allow
properties. These individuals these individuals to call me and
are generally middle class raise their hand to indicate
people, like you and me, who have their interest in our lending
some extra funds to lend. They program.
you hear, simply let me know how
How Do I find Private Lenders? much you’re looking to invest and
how long you can have your funds
Well, frankly, we advertise for tied up. I’ll put you on my list
them. It’s as simple as that! and look for an investment
Finding private money is not opportunity that meets your
nearly as difficult as people needs. When I find one, I will
think. My simple marketing plan call you. At that time you can
includes many of the following pass or play. There’s no
activities: obligation.”
Network with everyone you know Newspaper Ads such as Private
and develop a 60 second "Elevator Money Needed, Earn 14% plus 5
Speech": points, Rental, 70% LTV $65,000
“Are you getting a safe 9 to 12% call xxx-xxx-xxxx or Mortgage
return on your idle cash or Note for Sale: $190,000 1st
retirement funds? No! Well, we mortgage at 9% with low LTV. Call
buy houses and pay cash for each xxx-xxx-xxxx
house and we use private lenders
to fund our deals. We pay 9% to REIA Newsletter and CraigList
12% on notes secured by local Ad:PRIVATE LENDERS NEEDED – Earn
real estate. If you are not 9% to 12% hassle free on your
getting that type of predicable idle cash or retirement funds
return on your money, I’ll be secured by local real estate.
glad to get you the details. We I’m a professional real estate
occasionally hold a free small investor with over 50 successful
luncheon for potential investors, transactions completed since
or I could also sit down with you 1999. I am not a financial
at your convenience and show you planner, but a full-time buyer
how it works. If you like what and seller of single family
homes. We use private funds to quite often have excess cash in
pay cash for our real estate CD’s or IRA’s that make them a
purchases and can pay you 9% to natural lender.
12% when you help us fund our
purchases. Having private capital resources
is critical to the success of the
To learn more visit us at serious creative real estate
www.xxxxxxxxx.com or call me at entrepreneur. Even if you desire
xxx-xxx-xxxx. Invest by xxxx 31, to use your own money, it never
200x and earn a $1,000 bonus. hurts to have another source or
two available. If your funds are
Flyers, Postcards, and tied up, and a great deal comes
Speeches/Presentations: We also along, you can immediately jump
use flyers and postcards with a on it.
similar message using the above
examples. Also, one of the best If you follow some or all of the
ways to get private lenders is to above marketing suggestions, you
speak or present to groups. will have people with money
Senior citizen groups are always seeking you out to lend you money
looking for presenters to attend for your next deal.
their meetings and these people
About the Author:
Mike Lautensack is a real estate entrepreneur and the creator of the Private Lender PowerPoint Presentation Kit. This kit is loaded with tools and techniques to attract a stream of private investors. To learn more about this powerful step-by-step kit go to http://www.RealEstateWealthToday.com.
Read more articles by: Michel Lautensack
Article Source: www.iSnare.com |
|
