February 19, 2016 in Financing, Private Money
I hope you are having a great week. Once you finally have a steady stream of leads coming in the door, you think you’re set. But it’s not long before you realize you have a new problem; you don’t have access to enough cash to close this many deals.
You can get by using investor friendly banks for a time, but sooner (rather than later) a lack of funding is going to cause you to hit a brick wall in your business. Today we’re going to dive into how to solve that problem.
What’s the Solution?
You need to know that you have this problem coming your way before it actually arrives. That is the first thing.
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January 26, 2016 in Financing, Podcasts
My guest today on the show is my friend Mitch Stephen. Mitch has been on the show several times before. I'm really pumped about the topic today which is, “The Art of Owner Financing”, and we will be talking about how to do it legally.
As you know, Mitch is the author of 2 books and has another one in the works.
- My Life and 1000 Houses
- My Life & 1,000 Houses: 200+ Ways to Find Bargain Properties
- My Life & 1,000 Houses: The art of Owner Financing (in the works)
Ever since the Safe Act and Dodd Frank came into play, owner financing has become a real gray area for investors. For some that I know personally, it put a serious dent in their passive income. They just weren't sure how to legally do owner financing. (If you missed the Dodd Frank Interview you can watch that here).
In today's podcast, Mitch Stephen takes all the mystery of how real estate investors can legally offer owner financing to retail buyers. Read the rest of this entry →
November 20, 2014 in Financing, Investing In Real Estate
The two biggest problems any real estate investor has are finding deals and funding your deals. Today I have 7 ways to fund your deals that will give you options to close more deals.
As your business grows and matures you will need larger and larger amounts of cash. In fact as time goes on, you will likely need multiple ways to fund your deals.
When Do You Need to Start that Process of Lining Up Cash?
Now! You need to start the process before you need the money. So what does that mean? Well, it means that if you are buying property and you still have a job, now is the time to pay a visit to your local investor friendly bank and find out what their loan requirements are or set up that HELOC so you have cash for future purchases. Don’t wait until you have quit your job and then try to get a loan.
If you have already quit you “JOB” and you are a full time investor, there are still plenty of way that you can get that much needed cash for your next project.
7 Ways to Fund Your Next Deal
Today I would like to go over some of the common types of funding you can use in your real estate investing business. Read the rest of this entry →