I never worry about funding for real estate deals because I have a growing list of Private Money Partners. My Money Partners are an essential part to the sustainability and growth of my company’s business.
My Money Partner list is comprised of colleagues, family and friends; however, the majority of the list is made up of everyday, ordinary folks whom I have met with IRAs or any type of investment money. They can have as little as $5,000 to lend for funding or several million available.
I never assume who may or may not have funding capital for my deals. I’ve met people in my travels who looked like they didn’t have two dimes to rub together who had large sums of capital sitting around ready to wire into my attorney’s escrow account to be available for any deal that they approve for funding.
Funding from Private Money Partners gives my company, USA Housing Solutions, Inc., the ability to buy FAST when we have to. We are not at the mercy of the bank.
************************* If you are reading my blog for the first time, let me inform you that: I am a guy that 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 well as their hair as a result of the “roller coaster” volatility of the stock market and low paying rate of other traditional investments…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 I get the funding to purchase houses. And if they stick around long enough, they begin to understand why individuals partner with me to provide the funding which empowers me to be able to purchase real estate on a continual basis.
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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).