What Sounds Better:
WRITING Checks or RECEIVING Checks?
You bet - Receiving Checks!
"When I first got started in the real estate business I was writing checks to everyone except myself. When I finally started utilizing Private Lenders I started receiving checks. That's where you want to position yourself ...receiving checks instead of writing checks".
What is the importance of Private Lending? Having the ability to fund all of your projects with private lending is critical to your success in the Real Estate business. There are three great reasons for relying exclusively on Private Investors to fund your real estate deals.
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FIRST, by utilizing Private Lending you free yourself from having to come out of pocket for such things as Down Payments, Rehab Costs, and all the costs associated with acquiring a piece of Real Estate.
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SECONDLY,
and one of the most powerful aspects of using Private Lending is to be able to get cash at Closing when you fund your projects. When you are utilizing traditional methods of investing you're coming out of pocket to fund those projects or properties. Utilizing Private Lending allows you to get a check at the Closing Table.
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A THIRD benefit of utilizing Private Lending is that you never have to deal with the Banks, you don't have to worry about qualifying for a loan, and you don't have to worry about getting your property acquisition costs back by having to refinance the property, or having to sell the property when your initial goal was to create a rental for your long term portfolio. |