Private Money - Real Estate Investing Using Private Money Loans

http://www.REIClub.com - Why Private Money Is Better Than Bank Loans and Hard Money Loans. Here Are Some Quick Tips on How to Get Private Money Loans to Fund Your Real Estate Deals.

For REIClub's Private Money Interviews:
http://www.PrivateMoneyInterviews.com

A. Bank Loans
1. investor loans -- choices vary by bank and region -- which bank has the best rates
2. down payment -- required for investors, usually 20%, rare to find less than 20%
3. issues -- slow, limit to how many loans, documentation, good credit needed

B. Hard Money Loans
1. hard money lenders -- hard to find true one nowadays, many are brokers, and there not equity-based anymore
2. criteria -- Credit Score, the investor has money in deal, low loan to value below 70% after-repaired value
3. terms -- short term, 6 months usually, up front fees points, high interest rates 10% to 18%, I/O paid monthly

C. Private Loans
1. private lenders -- family, friends, real estate investors, professionals -- doctors, dentists, lawyers, etc.
2. stock market survivors -- looking for higher, less volatile, safer returns
3. sources - IRA's, retirement accounts -- Private money Loans are your creative funding solutions

All three of these loans can help you in your investing business, but private loans will afford you the best terms, the most flexibility, and the greatest advantage over your competitors when in competition for great deals that you must close quickly with an all cash offer.
http://www.youtube.com/watch?v=_imORUfbOec

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[MrNburney]

I am a real estate agent and investor in Atlanta, GA with all of the access and knowledge to amass a fortune, the only thing that I am missing is an actual true Hard Money/ Private Lender. If you know of any Real True Lenders that lend the cash necessary to purchase and rehab an investment property for a fast and worthwhile return please forward the info to me. I'm willing to split the profit with the lender I just require the capital.

[reiclub]

@MrNburney - If you make your way to our website, on the left site navigation column, look at the "Investor Resources". The very first one should be "Hard Money Lenders". Here you will find what you need. Hope this helps.

[HandsomeDee92]

So do you need to have a 20 percent down payment with private loans

[davidalanmartinez]

Great advise, however nothing new. The hard part is finding private money from doctors, bankers, high tax bracket individuals, thanks to these mortgage brokers! But non-the less, great advise. Thanks.