REI Chronicles

An Extraordinary Way to Find Private Money Sources

Ever wonder why it is easier for some real estate investors to reap huge rewards in the real estate business? Well, one of the major contributing factors to their success would be their access to private money. As we all know, cash flow is king in real estate investing and if you have an endless supply of funds, it would be easier for you to make various real estate investments, close deals, or even make offers on “cash cow” properties.

Finding a good source of private funds, however, is easier said than done. Unless you have a filthy rich relative who has a bottomless well of moolah in his basement, searching for someone who’s willing to finance your investments in a drop of a hat can be quite a challenge. But in the event that you don’t have a wealthy relative or a friend who’s willing to make a real estate investment with you, don’t despair. It is because there are several ways to get private funding without relying on your friends and loved ones.

Want to get hard money or private money in a flash? Click here.

This actually a no-brainer. If you can’t find something in your own backyard, what should you do? Of course, you should check out the neighbor’s! Well, I’m not saying that you should dig up your neighbor’s lawn to search for buried private money. What I meant is that you should try asking other people, especially those who are much wealthier than you. But how do you exactly find those people with deep pockets?

For starters, you can try attending charity events. Why, you ask? Charitable events are where the rich, the generous, and the kind-hearted gather to pursue a worthy cause. In short, these people are giving away money in these occasions. Attending such an event can give you the perfect opportunity to find potential private money partners for your real estate investing business. You can also start doing some networking that will allow you to build a long contact list of possible benefactors.

Most charity events are open to the public so you don’t have to worry about sneaking into one or paying an admittance fee just to participate in such an occasion. To find one, meanwhile, you can check out the local papers since most charitable organizations announce upcoming events by publishing notices on the newspaper.

Want to Learn More? Fill Out the Form Below
Name *
Email *

Fix and Flip Tips: When is the Best Time to Advertise Rehabbed Home

You might have probably heard the words “fix and flip” a dozen times in recent months. From your next-door neighbor and the postman to the guy at the grocery store, everybody seems to be talking about fixing and flipping properties for profit.

Over the last few years, fix and flip projects have taken the country by storm and their popularity continue to grow. Also known as rehabbing houses, this mode of real estate investing has attracted dozens and dozens of people and despite the recent housing bubble, many individuals are still pursuing this particular means of living.

Rehabbing houses, however, is not all about the repairs. There is more to fixing and flipping undervalued properties. To make sure that you will recover the money you spent on buying and refurbishing a fixer upper home, you have to sell it to a buyer who will pay handsomely for the property. And the best way to reach potential buyers is, of course, to advertise your “product.”

Some novice rehabbers are wondering when the best time to advertise a rehabbed home is. Is it after you buy a fixer-upper home? Or is it while the repairs are on-going?

Click here to learn how to get hard money or private money for your home rehab projects.

According to seasoned investors, you shouldn’t put a “for sale” sign on the yard right after you buy the property from its original owner. Always remember that first impressions are important when selling a fix and flip project. A potential buyer may be traumatized if he or she sees a house with a leaking roof, cockroach-infested cabinets, yellowing bathroom tiles and sinks, and crumbling walls. Therefore, you shouldn’t let a buyer see a fixer-upper home in its “pre-rehab” state.

Buyers inquiring about the property may distract the workers, thus, it is not exactly a good idea to advertise the property while the repair work is still on-going. Curious neighbors, passersby, and buyers may also delay the rehab work.

For instance, buyer Jane Doe wants to see the bathroom in the master’s bedroom. However, a worker is still busy putting new tiles on the floor. Jane insists on her request and the worker has no choice but to take an unscheduled break.

Such a scenario is counter-productive. Therefore, if you want the repairs to be finished on schedule, you have to ensure a continuous work flow and the best way to do it is to advertise the rehabbed property when renovations are next to completion. This way, your workers will stay focused and you can get your profits in time.

Want to Learn More? Fill Out the Form Below
Name *
Email *

Fix and Flip Tips: When is the Best Time to Advertise Rehabbed Home

You might have probably heard the words “fix and flip” a dozen times in recent months. From your next-door neighbor and the postman to the guy at the grocery store, everybody seems to be talking about fixing and flipping properties for profit.

Over the last few years, fix and flip projects have taken the country by storm and their popularity continue to grow. Also known as rehabbing houses, this mode of real estate investing has attracted dozens and dozens of people and despite the recent housing bubble, many individuals are still pursuing this particular means of living.

Rehabbing houses, however, is not all about the repairs. There is more to fixing and flipping undervalued properties. To make sure that you will recover the money you spent on buying and refurbishing a fixer upper home, you have to sell it to a buyer who will pay handsomely for the property. And the best way to reach potential buyers is, of course, to advertise your “product.”

Some novice rehabbers are wondering when the best time to advertise a rehabbed home is. Is it after you buy a fixer-upper home? Or is it while the repairs are on-going?

Click here to learn how to get hard money or private money for your home rehab projects.

According to seasoned investors, you shouldn’t put a “for sale” sign on the yard right after you buy the property from its original owner. Always remember that first impressions are important when selling a fix and flip project. A potential buyer may be traumatized if he or she sees a house with a leaking roof, cockroach-infested cabinets, yellowing bathroom tiles and sinks, and crumbling walls. Therefore, you shouldn’t let a buyer see a fixer-upper home in its “pre-rehab” state.

Buyers inquiring about the property may distract the workers, thus, it is not exactly a good idea to advertise the property while the repair work is still on-going. Curious neighbors, passersby, and buyers may also delay the rehab work.

For instance, buyer Jane Doe wants to see the bathroom in the master’s bedroom. However, a worker is still busy putting new tiles on the floor. Jane insists on her request and the worker has no choice but to take an unscheduled break.

Such a scenario is counter-productive. Therefore, if you want the repairs to be finished on schedule, you have to ensure a continuous work flow and the best way to do it is to advertise the rehabbed property when renovations are next to completion. This way, your workers will stay focused and you can get your profits in time.

Want to Learn More? Fill Out the Form Below
Name *
Email *

How To Flip Houses: Using Marketing Techniques to Find Home Sellers

As we all know, buying and selling properties is a great way to gain financial freedom, even if you weren’t unable to go to a prestigious college or finish your formal education like what your peers have done. However, learning how to flip houses alone is not enough. You also have to get moving, do some research, implement effective marketing strategies, and build networks to ensure your success in the real estate game.

Like what was mentioned above, there is more to flipping real estate aside from buying and selling properties to make money. There are lots of important things to be done and tasks to accomplish to ensure huge returns on investments. One of them is building a sellers’ list. As you may know, it is important to have good sources of properties to flip. Even if you have lots of buyers waiting on standby, you won’t be able to earn money if you don’t have houses to sell. For this reason, you will need to use marketing strategies that will attract potential home sellers or even encourage those who have no concrete plans of selling their properties to get into action.

Learn how to use hard money or private money to buy houses to flip by clicking here.

For starters, you can utilize tried and tested marketing techniques such as running ads on newspapers or even on the radio or TV. But if you don’t have the money to spare, you can also use the Internet. Bear in mind that the World Wide Web is a powerful marketing tool and it can propel your real estate investing business forward if used effectively. Many real estate investors nowadays are using their Internet as their primary marketing tool and it would do you a world of good if you would follow their example.

Learning how to flip houses wouldn’t be complete if you’re not going to include learning creative marketing strategies in your “flipping curriculum.” Aside from the running ads online and in the newspaper, there are many ways to find leads to great real estate investment opportunities. You just have to use your creativity and your resourcefulness. Examples of great, yet unconventional ways to find motivated home sellers is to use bandit signs, send yellow letters or post cards, and post “we buy” houses signs among others.

Want to Learn More? Fill Out the Form Below
Name *
Email *

A Little Reminder on Real Estate Investing

One of the perks of being a real estate investor is that you can take a day off anytime you want. When you’re feeling a little bit under the weather, you can just stay at home, spend a day with your kids or better half, and enjoy the nice spring breeze. Whereas if you remain an office worker all your life, you can’t enjoy a little quality time with yourself since you have to report for work, even if you don’t like leaving the comforts of your fluffy bed.

Although it is true that real estate investing allows you to take a vacation whenever you want, there are exceptions to the rule. There are days that you have to “go to work” even if you don’t feel like it. Why? Let me ask you this: would you rather go on a camping trip when a motivated home seller is offering you a great deal?

Click here to learn how to get hard money or private money for your real estate investments.

Well, I don’t know about you but if it’s me, I would gladly set my fishing rods aside, unpack my bags, and meet that motivated seller immediately. A great chance to make money in real estate should not be taken lightly. Who knows, this deal might just be the opportunity that you’ve been waiting for and you’re a dumb ox if you’re going to let it slip your grasp.

Real estate investing is indeed a great way to make a living as it allows you to fully enjoy the money that you are making. Bear in mind, however, that you shouldn’t also forget your priorities.

Want to Learn More? Fill Out the Form Below
Name *
Email *

Unmasking the Private Money Lenders

According to a popular saying, you need money to make money. Well, this holds mostly true for those who invest in real estate. While it is true that there are certain real estate investing methods that don’t require you to amass a huge investment capital to get started (like wholesaling, for instance), there will come a time that you will need some “emergency funds” to close a lucrative deal or to buy a profitable investment properties.

As you may know, borrowing funds from banks and traditional lending institutions has become more difficult these days. Because they don’t want to be blamed for another mortgage crisis, these financial institutions have stepped up their lending criteria to discourage mortgage fraudsters from seeking them out. This made it difficult for investors to obtain financing for their real estate investments.

Good thing, you can always count on private money lenders. If you don’t know what a private money lender is, you’re probably living under a rock. As the name implies, these lenders are mostly private individuals who finance real estate investments for profit. Simply put, they provide money to make money.

Looking for hard money or private money lenders? Click here.

A private money lender can be anyone. It can be a rich friend or an older relative (like your mom and dad) who doesn’t know what to do with his or her huge retirement fund. It can also be another investor who prefers working on the sidelines instead of directly handling real estate deals. It can also be your next-door neighbor who would rather put his money into work than let it sit idly inside his safety deposit box.

Now that we have established what private money lenders do, let us now explore the reasons why you should consider working with one.  First and foremost, private money lending is more flexible than traditional lending or even hard money lending. Because the lender is a private individual rather than a traditional financial institution, he (or she) is more open to the idea of granting less restrictive and more favorable terms to the borrower.

Another beauty of securing private money loans is that you can maintain your credit score, in case you’ve got an exemplary credit rating. Any transaction made with private money lenders won’t be reported to the credit bureau because you’re dealing with private individuals instead of a business entity.

Want to Learn More? Fill Out the Form Below
Name *
Email *

Making Real Estate Investments: The Best Place to Do It

With the negative news surrounding the housing sector, many people nowadays are reluctant to make real estate investments. According to certain industry experts, however, there are no reasons to be afraid. They said that although real estate markets in many parts of the country are in the doldrums, there are certain areas and region in the U.S. whose housing markets remain resilient amid the financial woes.

A good example would be the Bremerton-Silverdale area in Washington State’s Kitsap County. According to a study conducted by Moody’s Economy.com and Fiserv, home prices in the area are expected to jump by 44.7% over the next four years, with an annual growth of 9.7%. This means that if you’re going to set up a real estate investing business in the area, there is a high probability that you will achieve tremendous success when the local housing market picks up.

Click here to learn how to get hard money or private money for your real estate investments.

According to the two financial institutions, what sets Bremerton-Silverdale apart from other metropolitan areas in the U.S. is its robust economy. Its economy is considerably stronger than the rest of the country. As for the unemployment rate, which is considered one of the factors that affect the recovery of the housing market, the area got a score of 7.2% as compared to the national average of 9.5%.

The abovementioned factors made Bremerton-Silverdale an ideal location for your real estate investments. Because of its strong economy and numerous employment opportunities, many people are likely to relocate in the area. This means that if you’re going to buy investment properties in Bremerton-Silverdale, it would be easier for you to find potential buyers or tenants for them.

However, you have to hurry if you’re thinking of setting up a real estate investing business in the area. You should take advantage of the fact that home prices in Bremerton-Silverdale are considerably lower. If Moody’s and Fiserv’s prediction came true, it would difficult for you to secure a profitable investment property without boring holes in your pockets. Therefore, if you want to minimize your expenses, you should start investing in properties while you can still afford them.

Want to Learn More? Fill Out the Form Below
Name *
Email *

Investing in Real Estate: What is Real Estate Syndication?

Working with more experienced investors is a great way for a beginner to expand his knowledge of investing in real estate. By interacting with veteran real estate entrepreneurs, a beginner can dramatically reduce his learning curve. He can also pick up valuable pointers and tips that he won’t easily obtain by studying real estate investing on his own.

If you’re a beginner and you have found a lucrative real estate deal but you feel that you can’t handle it on your own, you may invite other investors to join you in this particular business venture. This investing strategy is called real estate syndication.

In a nutshell, real estate syndication is when investors pool their resources together for the sole purpose of taking on larger and more lucrative real estate projects. According to veterans in the business, investing in syndicated real estate deals is something that a beginner should consider as it gives the latter the ability to earn bigger profits with minimum financial risks.

Click here to learn how to get hard money or private money for your real estate investments.

A real estate syndication can take in many forms. However, one of the most ideal business registration structures for such an endeavor is a limited partnership (LP) or a limited liability company (LLC). Experts said the two business structures offer great advantage to those who want to make money by investing in real estate. It is because an investor who was part of an LP or LLC can enjoy all the financial rewards and tax benefits that individual ownership provides with the added management responsibilities or liability for principal debt.

But before you take part in a syndicated real estate deal, however, it would be wise to conduct some research first. Expanding your knowledge on this particular real estate investing strategy can also help as it allows you to identify your rights as one of the partners in the business endeavor.

In addition, being a beginner, you should also consider conducting a background check on the investors you want to work with, especially if you don’t know much about them. With the growing number of con artists and people wanting to take advantage of your inexperience, you can never be too careful when investing in real estate. As the saying goes, better be safe than sorry.

Want to Learn More? Fill Out the Form Below
Name *
Email *

Of Real Estate Owned Properties, a 70s band, and the Rehabber’s Best Friend

Okay, this may sound unbelievable or downright funny but the first time my friend heard about REO, or real estate owned properties, she thought they have something to do with the 70s band REO Speedwagon. Granted, she doesn’t know a thing or two about real estate investing but I couldn’t help but laugh when she told me her own definition of REOs.

Speaking of real estate owned properties, these babies are among the hottest real estate investments out there. And if you believe that homeownership is still the ultimate American Dream, buying REO homes can help you fulfill this aspiration of yours.

Click here to learn how to get hard money or private money for purchasing REOs.

For starters, REOs, or bank owned homes, are affordable. You don’t have to turn your pockets inside out or smash your piggybank just to get the money to buy a property. In addition, most of them don’t need extensive repairs and renovations so you can save a lot of cash by purchasing such properties.

Real estate owned properties are also a rehabber’s best friend. These houses embody the perfect fixer upper home that many real estate investors would like to fix and flip. REO homes don’t cost much, they don’t need massive repairs, and most of all, they have equity unlike many foreclosed real estate.

A downside, however, is that buying bank owned homes is bit complicated than investing in residential properties. Your negotiation skills will be put to the test because banks and lenders that own REO properties are likely to fight for a higher selling price. Although these financial institutions want to unload bank owned homes in their books, it doesn’t necessarily mean that they want to do it cheaply.

Want to Learn More? Fill Out the Form Below
Name *
Email *

What You should Know about a Private Money Lender

One of the reasons why certain people are discouraged from making real estate investments is that they fear that they won’t be able to secure the needed funds to buy properties or close real estate deals. Well, this is not entirely correct as there are alternative sources of real estate financing aside from banks and mortgage companies. An investor just has to use his (or her) resourcefulness and knowledge of the industry to find a reliable source of funds for his real estate investments.

A good example of alternative sources of real estate financing is a private money lender. Private money lenders can be considered heroes of the real estate investing world. Why, you ask? For starters, they make it possible for a cash-strapped investor to pursue a real estate deal even if the latter is short of funds. Second, these non-traditional lenders use less strict lending criteria that enable a borrower to qualify for a hard money loan regardless of his or her credit rating and current financial status. And third, they can process a loan application quicker and faster, allowing a real estate investor to secure the needed funds in a day or so.

Click here to learn how to get hard money or private money for your real estate investments.

You might be wondering why lenders of private money are willing to risk their financial assets on risky loans. Here’s a simple explanation for you. Naturally, private money lenders have created certain measures that will prevent them from incurring huge financial losses should borrowers failed to fulfill their promises.

Imposing higher interest rates is a common strategy used by these non-traditional lenders to safeguard their interests. Another option is to take over the property, for which the loan was made, should the borrower default on his loan. And although a private money lender is less stringent as compared to banks and mortgage companies when it comes to verification of a loan’s eligibility, it doesn’t necessarily mean that the lender will easily approve a borrower’s loan application. They will utilize various methods to determine if the investment that the borrower is borrowing money for is indeed capable of bringing in huge profits.

Private money lenders are investors, too. They want to get the assurance that they will reap huge rewards from any investment that they will make. So if you want to obtain the assistance of a private money lender, you’ve got to prove to them that you’re borrowing funds for a lucrative real estate deal.

Want to Learn More? Fill Out the Form Below
Name *
Email *