Most of my real estate deals can be finalized in about 7 to 45 days. As the Buyer, this gives me enough time to insure the accuracy of the data I receive to review and analyze and verify the data pertaining to the real estate I am considering purchasing.
I review and analyze the data which includes the condition of the property, the location, the sales trends, age of the property, rehab cost, title search and so on. I have a system to investigate all the particulars in order for me to present a deal to my potential Private Money Partners.
When you are looking to become a money funder for a real estate buyer like myself, always exercise caution when dealing with all parties. I always go by “Trust but Verify”. Make sure you check that real estate investor’s experience and knowledge carefully. Find out as much as you can about him/her from other sources to verify integrity. Then review the data that is presented to you and ask for verification.
Trust But Verify
Find out what makes him or her think that this is a great deal? Why should you invest with him? Why this deal? Where did they get the data from? If you get any push back or the real estate investor is not willing to share this information you may what to pass.
I make sure I do all my homework and so that I know the answers to all of the above before I take a deal to any of my potential Private Money Partners.
Therefore I believe if you are looking to fund a deal for a real estate buyer like myself, you should know the answer to all of the above before deciding to fund the transaction.
********************************* 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 bi-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).