A lot of people believe that the only way to borrow money, especially for real estate, is from banks. There are so many alternatives now! There is hard money lending, funds etc.
One of the alternatives is a bank loan. Bank loans are ok, but they come with a lot of paperwork and their approval process takes forever.
Many times the banks will change their requirements at the last moment and you may loose the deal.
I understand the reality and the risk of bank loans…this is why I don’t deal with banks. I attract individuals that become my Private Money Partners that fund my house acquisitions.
Why would someone lend me money to buy properties? Because it is a secure passive investment in real estate.
Did you know you can utilize your IRA, 401k, Coverdell HSA, SEP or other retirement accounts to become a Private Money Partner? I educate my Money Partners how to use a Self-Directed IRA account so that all of their earned profits are Tax-Free !!!
********************************* 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).