With current 5 year CD rates at 2.94%, and dropping, one of the things we’ve been doing is replacing a lot of our private lenders that are at 10, 12 and 15% interest rates with MUCH lower rates. Just think about how much money you, as the real estate investor and holder of the property, could save if you replaced all your 12% money with let’s just say 7%. That’s a 5% savings each year and on just a $100k home that is a $5,000 savings. So, how exactly do you go about it? Read more
You need to have a private money program in order to be able to approach individuals to loan you money for your real estate deals. This video highlights the top 10 items to consider when creating your program. If you can address these questions, you are well on your way to obtaining all the funds that you need:
Ok, not to point out the obvious to all you investors out there but now is the time to build and promote your private money programs for real estate. The banks funds are locked in most cases and until there is some sort of approved bail out, there is less money circulating in the market. But here is the greatest part of all… Read more
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