As you know I do multiple real estate transactions each month. And you also know that in order for me to purchase real estate I utilize funds from private individuals. Around here I call them Private Money Partners.
It’s interesting that once I sell a piece of real estate and I return the principal as well as the PROFIT to my Private Money Partner…almost all the time he/she gives it back to me to get it back on the street earning money for them. I questioned this earlier when I first began utilizing Private Money Partners. The answer I kept receiving was “I am giving it back to you because I can’t get this type of return with so little risk anywhere else in the market”.
Let’s do a “rinse and repeat” is what one of them says to me before he wires money to my real estate closing attorney.
And let me tell you the majority of my Private Money Partners are using a Self-Directed IRA as the conduit to perform these transactions. I can’t say enough about the pros of using a self-directed IRA account. If you don’t have one, let’s chat so you’ll understand why my Money Partners use this self-directed account and why I am so passionate about them.
Tom Kinsey, one of my first Money Partners; once he saw the kind of profits he could generate the light bulb came on and he has been shoveling money my way since the beginning. He always says investing with me is like having a “jogging turtle” delivering profits.
********************************* 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).