I have read an read and read all the post about financing and credit and money and all I can say is this. I have not been to a bank for financing in almost 4 months. I posted an ad on Craigslist looking for equity partners and/or investors that wanted to pool their funds and put it into some great deals. Now granted, I am working on commercial properties and multi family properties with this new found cash flow -I am still working it.
I simply ran my ad and waited on a response. Everyday for 3 weeks I ran it and now I have an Investment Group Partnership with 11 others and I never put one cent of my money in to the deal. How can I do that you say. Simple - I do all the work finding the properties, comping them, researching the info and everything thing else and that substitutes for my monetary contribution. I now have a house fund of right at 123K cash to invest and its growing monthly, because we all agree to contribute to it on a regular basis.
I tired of banks - COUNTRYWIDE in particular - so I just asked. You know it says if you ask you shall receive, well once again I had nothing to loose so I asked.
Now here is one of my ads.
PRIVATE MONEY AND INVESTORS NEEDED FOR REAL ESTATE PARTNERSHIP!
Have you always wanted to invest in real estate but did not have the know how? Are you a real estate investor that wantes to do bigger and better deals? Are you just regular old Joe Blow with a few bucks you can afford to invest? Then we need to talk.
I am a seasoned real estate investor and due to the foreclosure crisis and our country's financial state, banks are getting harder and harder to work with so why bother. If you are seroiusly interested in putting you money where the profit is then call me. Please be prepared to disclose what you will be bringing to the table and any other pertinent information you deem necessary for admittance into this select group.
When completely filled, we will be doing some great and very profitable deals. Minimum investment 10K. Call 661-XXX-XXXX for more info.
It worked for me - will it work for you? I don't know but all I can say is JUST DO IT!
TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"