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John Michael's Simple Rules
- If you have an appointment show up on time
- Be A Professional
- Pay attention
- Be truthful
- Every "No" Only Makes You Closer To "Yes"
- Don't be attached to the outcome
- No Money! Does It Really Matter? NO!
Who & Where are Investors? Anyone with money
- People with money are always looking for a good return! Doctors and Lawyers make a good source along with foreclosure sales, as most who attend are investors.
You can also go with what is called "Hard Money" this generally refers to privately placed loans as opposed to institutional loans, which usually have more stringent underwriting guidelines, for both the type of property used as collateral and the credit worthiness of the borrower.
The most compelling reasons for using hard moneylenders are:
- Less time involved
- Less qualifying to close your transactions!
Equity lender, hard money lender, private investor or what ever term one uses can be a great source of funds to do real estate transactions and the question of how to find them comes up often!
There are numerous ways to do this, and no two investors are exactly alike, so it's important to be innovative and customize your proposal to the specific "hot buttons" for each funding source.
One of the greatest advantages of real estate investing is the power of leveraging other people's money.
Any one who has money could be a source of funds for your real estate purchases.
Another great source is checking your recorders office again looking for individuals who holds mortgages on property. This |
