Private Financing is one of my favorite ways to find properties. They are easy to work with and you can work with them to create your terms. Many private lenders can even partner with you. They bring all the money and you do the deal.
When working with Private Lenders here are some legal Considerations:
-DO NOT MARKET TO THE PUBLIC
-DO NOT GROUP / MIX FUNDS
-DO NOT SAY OR WRITE “GUARANTEE”
-BUY PROPERTIES THAT ARE SECURE
Not following these can cause big legal problems.
What do you like to do to obtain private financing? Please post your answers as long as it follows the considerations above. If you have not obtained private financing before what do you think you can do to find them?
This is an open question for general responses to allow ideas to flow.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125