Who is NOT right for these investments:
1. You’re looking to score a “grand slam”. Shoot for a generous return for a reasonable risk, and not for some “snake oil” story of instant riches.
2. You can’t bear the thought of “risk”. As we educate and explain always…in private money lending your investment is covered with ample collateral. But of course that does not make it totally risk free. Should a foreclosure occur, the good news is you now may potentially receive much more than your investment back; the bad news is you may have to wait until the home actually sells to receive.
3. You need the money REAL soon. If your child is going to college in the fall, then this is not investment. You should be able to put this money aside and forget about it until the project ends. For this reason many of our Private Lender Partners use funds that are just sitting (earning little to nothing) in a retirement account. The majority of our Money Partners use our preferred company headquartered in Ohio (Equity Trust) to handle all the set up…if investing using funds from a retirement account.
4. You haven’t invested before. “First timers” are more nervous than most. For this reason we provide education and enlightenment on the pros and cons of private money lending as an investment. Sometimes even after being educated the “light bulb” fails to come on for them and they choose to remain in the proverbial “traditional investing box” and typically continue to invest in things like mutual funds that have a daily value in the newspaper, and come with plenty of letters and website information from the fund manager…but earning paltry returns. For these individuals, it may take a bit of time to “graduate” to these private money lending investments.
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