The biggest, by far, when buying real estate is a lack of funding. It’s hard to close any deal with empty pockets. I fixed that.
Our problem is that bank financing is nearly impossible for us. Conventional bank financing from the Bank of Americas and the Wells Fargos of the world have rules that restrict the number of properties that can be purchased with bank financing to a maximum of ten; this one I’ve never really understood.
Therefore it is impossible for us to get bank loans because we buy so many properties.
Our Private Money Partners solved this problem…so the sky is the limit when it comes to how many properties we can purchase and own.
********************************* If you are reading my blog for the first time, let me inform you that… My company buys single-family houses and I write this blog weekly which is primarily directed to educate 1 group of individuals:
Individuals who are losing their shirt as a result of the “roller coaster” volatility of the stock market and low paying rate of other traditional investments, i.e. people that are looking for an opportunity that’ll provide a secured place to put their money to get it working for them to earn better than average returns.
However, oftentimes, homeowners that need to sell their house, stop by to take a peek because they are curious and wondering how and/or where we get the funding to purchase houses. And if they stick around long enough, they begin to understand why individuals partner with us to provide the funding which empowers us to be able to purchase real estate on a continual basis. Simple, it’s because we teach them a secured way to earn better rates of return than they are currently earning.
So everybody wins. It’s a WIN-WIN-WIN !!!
Request your FREE Education Kit if you are interested in learning how passively investing in real estate may help place you in a better financial position.
Disclaimer: This site is intended for educational purposes only. I am not an accountant, attorney, or licensed financial planner. While the information I’m writing here is based on many years of experience buying houses that doesn’t really constitute professional advice (since everyone’s experiences and situations are different).