Years ago when I started investigating how I could start buying real estate, I thought you had to go to the bank. I thought you had to put twenty percent down. I thought you had to have a steady income history and all that stuff so I sat on the sidelines for awhile and did some extensive studying.
Until one day I was around a group talking about some terms that were foreign to me like: hard money, seller financing, private money and lines of credit. They called it “Others People’s Money” (OPM for short). So I went back and burned the midnight oil until I could wrap my head around this concept called OPM.
What I realized was that there was a whole world of funding that was available that didn’t have to come from banks. the light bulb had come on.
This was how I started buying houses and I started buying them quicker and more consistently. Within less than a year the funding arm of the company, Affordable Housing Partners Group, was born and as they say…the rest is history!
********************************* 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, often times, 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).