Even for a turnkey investor, the act of investing in real estate can be a process. For anyone looking to buy a property, lending is often involved. However, the act of acquiring a loan for an investment property versus acquiring a loan for a personal home can be a drastically different process.
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How to Lend Private Money In Real Estate Successfully
Increasingly, real estate investors are looking for alternative ways to invest their money in the real estate investing game. Portfolios are diversifying, new methods of investing are taking center stage, and it always seems like there’s something new shaking up the market.
Investing is always changing: but how we fund our investments has mostly stayed the same. While crowd funding is certainly the new kid on the block, there have been three primary methods for putting down those first payments:
Private money lending isn’t new. It’s when an investor goes to another private individual or company and receives a short-term loan for the purpose of buying and remodeling real estate for investment purposes.
There are plenty of perks to turning to private money lending, both as a borrower or lender: but there are also pitfalls on both sides. We’re going to look at both.
Topics: real estate lending
Two Sides To Every Story - Even In Real Estate Investing
This may be a first for us. We are printing a response we received to an article we wrote on our blog. Not to mention, we hardly ever print articles written by other people. But this one is different. This response was emailed to me from a very valued relationship we have in the lending community. Kathleen Kramer, of RPM Mortgage, has been a trusted confidant for the past two years and has assisted with private money programs for our company. Kathleen also has reviewed and advised us on our procedures and processes and visited our offices here in Memphis. We have tremendous confidence in her knowledge of the lending industry, so when she sends us an email response to our recent blog article...well, we listen!
Where is the U.S. Housing Market Going Next?
Some economists and experienced real estate investors think they know and most will not like the news they have.