Get All your Real Estate Investments Funded! Don't waste your time with the Banks! Use PRIVATE MONEY!!!
What is Private Money?
- is refer to lending money to a Company or Individual by a Private Individual or Organization.
- plays a crucial role in the financial market by providing alternative financing options for borrowers who may not meet the stringent requirements of traditional lenders.
What is a Private Money Loan?
- Private Money loan is usually a short term loan used to purchase or refinance real estate. It's primarily used for real estate acquisitions. The loans are provided by private lenders, as opposed to traditional financial institutions such as Banks or Credit Unions. Private Money lenders are far less burden, which makes accessing finance quicker and more straight
- The Formula for establishing the lending dollar amount with a private money loan is often ARLTV ( After Repair Loan to Value ). This is based on the ARV ( After Repair Value ), whereas a traditional lender would lend on the " AS IS " value.
Example:
A Private Money Lender may view a $200,000 property in need of $50,000 of improvements as worth $400,000 when the work is complete and may lend 6
Join Millions of savvy Real Estate Investors and get funded quickly with Capital provided by Private Lenders.
Why Investors use Private Money?
!) It's Fast
- Flipping Home is time sensitive. The fastest you submit the loan package the faster you get funded.
2) Asset Based
- We are interested in the property value as Collateral for the loan.
3) It's Everywhere
- Lenders are often people who have funds and looking new way to maximize their funds to high yield.
4) You get Funded when you have a
Lending Criteria:
The First part of every successful Fix & Flip is finding the right real estate property.
The 5 point guide to help you find the "SWEET DEAL"
1) Property Type ( Non Owner Occupied ) 1-4 Units
2) Sale Price ( The After Repaired Value will not exceed FHA Cap ).
3) Size of House (2800 sq.ft. maximum).
4) Property Features ( 5 Bedrooms, 3 Bathrooms maximum).
5) Size of the Property
Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.
Franklin D. Roosevelt