Are you looking for Private money to finance your real estate deals? Well, instead of focusing on getting your Private Money Lenders a high Rate of Return On their Investment, what I noticed is most people that loan us money are more concerned with their Return OF investment. You see, the ma's and pa's we borrow money from, are not business owners, Entrepreneurs or professional real estate investors. They're ordinary people that have saved up or come into some investment capital they want to get working at a fair return. So we don't need to over promise them super high returns to gain their trust. Today, me and Dan Borrero will talk about how we work with these lenders.
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00:00- Intro 1:15 - What is private money in real estate investing 3:58 - It's not always good to use other people's money to finance 100% of your real estate deals 5:20 - To get private lenders, we should focus on return OF investment instead of return ON investment 9:18 - People don't mind loaning us money because we have a "road behind us" 12:45 - Don't expect people to loan you money if you're not willing to put any money up 15:00 - 3 rules for attracting private money to you 17:00 - We pay APR to all of our Private Lenders 19:30 - Your Private Money Lender must get paid even if we don't make any money on a deal 21:20 - We're looking for people that have IRA accounts
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By: kris haskins Title: How to get private money lenders for real estate investing Sourced From: www.youtube.com/watch?v=-fg9_znFjco
